Nikola Corp Financials

NKLA Stock  USD 9.99  0.01  0.10%   
Based on the analysis of Nikola Corp's profitability, liquidity, and operating efficiency, Nikola Corp is not in a good financial situation at this time. It has a very high probability of going through financial hardship in August. At present, Nikola Corp's Other Current Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Accounts Payable is expected to grow to about 52 M, whereas Total Assets are forecasted to decline to about 926.4 M. Key indicators impacting Nikola Corp's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.180.3528
Way Down
Slightly volatile
Current Ratio2.092.1989
Notably Down
Pretty Stable
The essential information of the day-to-day investment outlook for Nikola Corp includes many different criteria found on its balance sheet. An individual investor should monitor Nikola Corp's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Nikola Corp.

Net Income

(917.97 Million)

  
Understanding current and past Nikola Corp Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Nikola Corp's financial statements are interrelated, with each one affecting the others. For example, an increase in Nikola Corp's assets may result in an increase in income on the income statement.
The data published in Nikola Corp's official financial statements typically reflect Nikola Corp's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Nikola Corp's quantitative information. For example, before you start analyzing numbers published by Nikola accountants, it's essential to understand Nikola Corp's liquidity, profitability, and earnings quality within the context of the Machinery space in which it operates.
Please note, the presentation of Nikola Corp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Nikola Corp's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Nikola Corp's management manipulating its earnings.

Nikola Corp Stock Summary

Nikola Corp competes with Lion Electric, Xos, Hydrofarm Holdings, Caterpillar, and AGCO. Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. The company also assembles, integrates, and commissions its vehicles in collaboration with its business partners and suppliers. Nikola Corp operates under Farm Heavy Construction Machinery classification in the United States and is traded on NASDAQ Exchange. It employs 900 people.
Specialization
Industrials, Farm & Heavy Construction Machinery
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS6541101050
CUSIP654110105 92243N103 92243N202
LocationArizona; U.S.A
Business Address4141 East Broadway
SectorMachinery
IndustryIndustrials
BenchmarkDow Jones Industrial
Websitewww.nikolamotor.com
Phone480 581 8888
CurrencyUSD - US Dollar

Nikola Corp Key Financial Ratios

Nikola Corp's financial ratios allow both analysts and investors to convert raw data from Nikola Corp's financial statements into concise, actionable information that can be used to evaluate the performance of Nikola Corp over time and compare it to other companies across industries.

Nikola Corp Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets229.4M1.1B989.8M1.2B1.3B926.4M
Other Current Liab10.8M18.8M85.2M173.4M196.5M206.3M
Other Liab13.3M8K88.3M6.7M7.7M7.4M
Net Tangible Assets127.8M932.2M591.2M526.5M605.5M454.9M
Net Debt(80.9M)(822.9M)(469.8M)149.6M(181.1M)(190.1M)
Retained Earnings(188.5M)(573.6M)(1.3B)(2.0B)(3.1B)(2.9B)
Accounts Payable5.1M29.4M87.0M117.9M44.1M52.0M
Cash85.7M840.9M497.2M233.4M465.9M389.5M
Other Assets17.4M21.7M56.5M159.5M183.4M192.6M
Net Receivables658K0.02.7M31.9M27.2M28.6M
Capital Surpluse5.0M1.6B1.9B2.6B2.9B3.1B
Inventory1.9M0.011.6M123.2M62.6M37.1M
Other Current Assets2.7M5.4M15.9M37.8M16.2M16.1M
Total Liab33.9M66.2M296.2M710.2M587.5M310.8M
Total Current Assets90.9M896.9M524.7M436.9M571.9M462.5M
Common Stock27K39K41K51K133K139.7K

Nikola Corp Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense3.8M32.8M481K17.7M76.0M79.8M
Ebit(88.0M)(368.3M)(693.5M)(748.7M)(642.5M)(610.4M)
Income Tax Expense151K(1.0M)4K6K12K12.6K
Net Interest Income1.5M202K(481K)(17.7M)(78.2M)(74.3M)
Operating Income(88.0M)(368.3M)(693.5M)(748.7M)(642.5M)(674.6M)
Research Development67.5M185.6M293.0M273.8M208.2M199.2M
Ebitda(82.3M)(346.6M)(681.2M)(729.3M)(606.6M)(636.9M)
Income Before Tax(88.5M)(384.7M)(686.9M)(763.6M)(848.2M)(805.8M)
Net Income(88.7M)(383.7M)(686.9M)(763.6M)(966.3M)(918.0M)

Nikola Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Nikola Corp's current stock value. Our valuation model uses many indicators to compare Nikola Corp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nikola Corp competition to find correlations between indicators driving Nikola Corp's intrinsic value. More Info.
Nikola Corp is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . At present, Nikola Corp's Return On Equity is projected to slightly decrease based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nikola Corp's earnings, one of the primary drivers of an investment's value.

Nikola Corp Systematic Risk

Nikola Corp's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Nikola Corp volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Nikola Corp correlated with the market. If Beta is less than 0 Nikola Corp generally moves in the opposite direction as compared to the market. If Nikola Corp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Nikola Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Nikola Corp is generally in the same direction as the market. If Beta > 1 Nikola Corp moves generally in the same direction as, but more than the movement of the benchmark.

Nikola Corp Thematic Clasifications

Nikola Corp is part of Cars investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Car makers, trucks manufacturing, auto dealerships, and auto parts. Domestic and international companies involved in manufacturing and serving automobiles and trucks
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This theme covers Car makers, trucks manufacturing, auto dealerships, and auto parts. Domestic and international companies involved in manufacturing and serving automobiles and trucks. Get More Thematic Ideas
Today, most investors in Nikola Corp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Nikola Corp's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Nikola Corp growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.76

At present, Nikola Corp's Price Earnings To Growth Ratio is projected to increase significantly based on the last few years of reporting.

Nikola Corp July 13, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Nikola Corp help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Nikola Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nikola Corp based on widely used predictive technical indicators. In general, we focus on analyzing Nikola Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nikola Corp's daily price indicators and compare them against related drivers.

Complementary Tools for Nikola Stock analysis

When running Nikola Corp's price analysis, check to measure Nikola Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nikola Corp is operating at the current time. Most of Nikola Corp's value examination focuses on studying past and present price action to predict the probability of Nikola Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nikola Corp's price. Additionally, you may evaluate how the addition of Nikola Corp to your portfolios can decrease your overall portfolio volatility.
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