Lion Electric Balance Sheet Health
Financial Health criteria checks 3/6
Lion Electric has a total shareholder equity of $280.4M and total debt of $292.6M, which brings its debt-to-equity ratio to 104.4%. Its total assets and total liabilities are $780.2M and $499.8M respectively.
Key information
104.4%
Debt to equity ratio
US$292.64m
Debt
| Interest coverage ratio | n/a |
| Cash | US$26.29m |
| Equity | US$280.44m |
| Total liabilities | US$499.77m |
| Total assets | US$780.20m |
Recent financial health updates
Recent updates
Lion Electric: Turning Bearish On Revenue Miss (Rating Downgrade)
Mar 05Lion Electric: Surviving The Electric Vehicle Carnage Will Be Difficult
Dec 06Lion Electric: A Hold Considering Financing And Profitability Factors
Sep 26Lion Electric: High Risk, But Attractive Price Level
Jul 17Lion Electric completes sale-leaseback transaction with BTB for C$28M
Feb 02Lion Electric produces first lithium-ion battery pack at it's facility
Dec 22Lion Electric stock drops 12% aftermarket on launch of marketed public offering
Dec 12Lion Electric secures C$30M credit facility
Nov 09The Lion Electric: New Facilities May Justify Higher Price
Sep 11Lion Electric CEO buys C$249.95K in company shares
Aug 31Lion Electric Q2 2022 Earnings Preview
Aug 04Lion Electric: Could Common Shares See Upside As Electrification Accelerates?
May 04A First Look At The Lion Electric Company
Apr 14Financial Position Analysis
Short Term Liabilities: LEVG.Q's short term assets ($292.3M) exceed its short term liabilities ($259.9M).
Long Term Liabilities: LEVG.Q's short term assets ($292.3M) exceed its long term liabilities ($239.9M).
Debt to Equity History and Analysis
Debt Level: LEVG.Q's net debt to equity ratio (95%) is considered high.
Reducing Debt: LEVG.Q's debt to equity ratio has reduced from 522.5% to 104.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: LEVG.Q has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LEVG.Q has less than a year of cash runway if free cash flow continues to reduce at historical rates of 27.9% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/02 13:22 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
The Lion Electric Company is covered by 7 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kevin Chiang | CIBC Capital Markets |
| Benoit Poirier | Desjardins Securities Inc. |
| Nauman Satti | Laurentian Bank Securities, Inc. |