Workhorse Deposit Liabilities vs Current Liabilities Analysis
WKHS Stock | USD 0.15 0.02 11.76% |
Trend analysis of Workhorse Group balance sheet accounts such as Total Assets of 84.1 M, Total Current Liabilities of 55.9 M, Total Stockholder Equity of 45.7 M or Accounts Payable of 13.1 M provides information on Workhorse's total assets, liabilities, and equity, which is the actual value of Workhorse Group to its prevalent stockholders. By breaking down trends over time using Workhorse balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
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About Workhorse Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Workhorse Group at a specified time, usually calculated after every quarter, six months, or one year. Workhorse Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Workhorse and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Workhorse currently owns. An asset can also be divided into two categories, current and non-current.
Workhorse Balance Sheet Chart
Workhorse Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Workhorse Group uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Workhorse's Property Plant And Equipment Gross is comparatively stable compared to the past year. Common Stock is likely to gain to about 300.3 K in 2024, whereas Total Stockholder Equity is likely to drop slightly above 45.7 M in 2024. Add Fundamental
Total Assets
Total assets refers to the total amount of Workhorse assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Workhorse Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Workhorse balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Workhorse Group are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Accounts Payable
An accounting item on the balance sheet that represents Workhorse obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Workhorse Group are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Most indicators from Workhorse's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Workhorse Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Workhorse Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. At this time, Workhorse's Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 68.7 M in 2024, despite the fact that Tax Provision is likely to grow to (105 K).
Workhorse fundamental ratios Correlations
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Workhorse Account Relationship Matchups
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Workhorse fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 50.7M | 632.5M | 228.1M | 182.7M | 141.7M | 84.1M | |
Total Current Liabilities | 47.0M | 17.6M | 27.6M | 63.3M | 53.3M | 55.9M | |
Total Stockholder Equity | (34.9M) | 395.2M | 174.7M | 108.6M | 83.1M | 45.7M | |
Retained Earnings | (178.8M) | (109.0M) | (510.4M) | (627.6M) | (751.6M) | (714.0M) | |
Accounts Payable | 1.7M | 4.8M | 7.8M | 11.9M | 12.5M | 13.1M | |
Non Current Assets Total | 19.2M | 342.0M | 11.9M | 43.4M | 47.8M | 34.0M | |
Non Currrent Assets Other | 129.2K | 94.7K | 2.5M | 176.3K | 176.3K | 167.5K | |
Net Receivables | 41.0K | 1.0M | 149.8K | 17.1M | 4.5M | 2.5M | |
Common Stock Shares Outstanding | 64.3M | 92.9M | 128.7M | 158.6M | 207.3M | 217.7M | |
Liabilities And Stockholders Equity | 50.7M | 632.5M | 228.1M | 182.7M | 141.7M | 84.1M | |
Non Current Liabilities Total | 38.5M | 219.7M | 25.9M | 10.8M | 5.3M | 5.0M | |
Other Stockholder Equity | 146.5M | 504.1M | 686.3M | 736.1M | 834.4M | 876.1M | |
Total Liab | 85.6M | 237.3M | 53.4M | 74.2M | 58.6M | 38.4M | |
Total Current Assets | 31.5M | 290.5M | 216.2M | 139.4M | 93.8M | 52.1M | |
Short Long Term Debt Total | 39.0M | 199.1M | 26.3M | 10.1M | 29.0M | 23.7M | |
Other Current Liab | 25.4M | 11.4M | 19.3M | 46.8M | 12.4M | 9.2M | |
Current Deferred Revenue | 406K | 303K | 14.8M | 3.4M | 4.7M | 2.5M | |
Net Debt | 15.2M | 152.3M | (175.4M) | (89.2M) | (6.8M) | (7.2M) | |
Cash | 23.9M | 46.8M | 201.6M | 99.3M | 35.8M | 29.0M | |
Cash And Short Term Investments | 23.9M | 46.8M | 201.6M | 99.3M | 35.8M | 29.0M | |
Other Current Assets | 5.8M | 227.2M | 4.4M | 505.4K | 8.1M | 7.7M | |
Short Term Debt | 19.6M | 1.4M | 363.7K | 1.3M | 23.7M | 24.9M | |
Property Plant And Equipment Net | 6.8M | 11.4M | 9.4M | 33.2M | 47.7M | 50.1M | |
Common Stock Total Equity | 67.1K | 121.9K | 151.9K | 165.6K | 190.4K | 200.0K | |
Property Plant And Equipment Gross | 6.8M | 11.4M | 14.8M | 38.6M | 56.8M | 59.7M | |
Accumulated Other Comprehensive Income | (2.1M) | (2.4M) | (2.6M) | (1.4M) | (1.3M) | (1.3M) | |
Common Stock | 67.1K | 121.9K | 151.9K | 165.6K | 286.0K | 300.3K | |
Inventory | 1.8M | 15.5M | 10.1M | 8.9M | 45.4M | 47.7M | |
Net Tangible Assets | (34.9M) | 395.2M | 174.7M | 108.6M | 124.9M | 62.6M | |
Long Term Debt | 8.3M | 19.4M | 197.7M | 24.7M | 28.4M | 32.2M | |
Retained Earnings Total Equity | (178.8M) | (109.0M) | (510.4M) | (627.6M) | (564.9M) | (536.6M) | |
Capital Surpluse | 143.8M | 504.1M | 686.3M | 736.1M | 846.5M | 888.8M | |
Property Plant Equipment | 6.8M | 11.4M | 9.4M | 21.5M | 24.7M | 26.0M | |
Short Long Term Debt | 1.3M | 19.6M | 1.4M | 20.2M | 23.2M | 24.4M | |
Other Assets | 129.2K | 330.7M | 2.5M | 176.3K | 1.0 | 0.95 | |
Net Invested Capital | 4.1M | 594.3M | 199.4M | 108.6M | 103.3M | 159.0M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Workhorse Group is a strong investment it is important to analyze Workhorse's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Workhorse's future performance. For an informed investment choice regarding Workhorse Stock, refer to the following important reports:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Workhorse Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Workhorse Group information on this page should be used as a complementary analysis to other Workhorse's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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Is Workhorse's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Workhorse. If investors know Workhorse will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Workhorse listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 190.435 | Earnings Share (0.60) | Revenue Per Share 0.063 | Quarterly Revenue Growth 0.278 | Return On Assets (0.40) |
The market value of Workhorse Group is measured differently than its book value, which is the value of Workhorse that is recorded on the company's balance sheet. Investors also form their own opinion of Workhorse's value that differs from its market value or its book value, called intrinsic value, which is Workhorse's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Workhorse's market value can be influenced by many factors that don't directly affect Workhorse's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Workhorse's value and its price as these two are different measures arrived at by different means. Investors typically determine if Workhorse is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workhorse's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.