Workhorse Short Long Term Debt Total vs Short Term Investments Analysis

WKHS Stock

USD 0.17 0.01 6.25%

Workhorse financial indicator trend analysis is more than just analyzing Workhorse Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Workhorse Group is a good investment. Please check the relationship between Workhorse Short Long Term Debt Total and its Short Term Investments accounts. 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.

Short Long Term Debt Total vs Short Term Investments

Short Long Term Debt Total vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Workhorse Group Short Long Term Debt Total account and Short Term Investments. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Workhorse's Short Long Term Debt Total and Short Term Investments is 0.13. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Workhorse Group, assuming nothing else is changed. The correlation between historical values of Workhorse's Short Long Term Debt Total and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of Workhorse Group are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Short Long Term Debt Total i.e., Workhorse's Short Long Term Debt Total and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.13

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Short Long Term Debt Total

Short Term Investments

Short Term Investments is an item under the current assets section of Workhorse balance sheet. It contains any investments Workhorse Group undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Workhorse Group can easily liquidate in the marketplace.

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

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Current Deferred Revenue	Net Debt	Cash	Cash And Short Term Investments	Short Term Investments	Other Current Assets	Short Term Debt	Property Plant And Equipment Net	Common Stock Total Equity	Property Plant And Equipment Gross	Common Stock
Total Assets		0.27	0.98	-0.27	0.33	0.94	0.15	0.2	0.43	0.92	0.54	0.95	0.95	0.93	0.36	0.88	0.31	0.48	0.48	0.15	0.91	-0.02	0.25	0.43	0.24	0.33
Total Current Liabilities	0.27		0.21	-0.88	0.81	0.12	0.01	0.65	0.88	0.04	0.83	0.37	0.39	0.14	0.79	0.24	-0.27	0.45	0.45	0.39	-0.01	0.68	0.84	0.7	0.84	0.73
Total Stockholder Equity	0.98	0.21		-0.28	0.35	0.9	0.24	0.2	0.42	0.87	0.55	0.88	0.96	0.88	0.3	0.91	0.22	0.53	0.53	0.13	0.87	-0.1	0.24	0.44	0.24	0.34
Retained Earnings	-0.27	-0.88	-0.28		-0.95	-0.06	-0.23	-0.58	-0.97	0.07	-0.95	-0.22	-0.44	-0.04	-0.62	-0.38	0.45	-0.58	-0.58	-0.38	0.08	-0.56	-0.92	-0.83	-0.94	-0.88
Accounts Payable	0.33	0.81	0.35	-0.95		0.16	0.14	0.62	0.95	0.0	0.94	0.27	0.46	0.11	0.56	0.37	-0.33	0.5	0.5	0.46	0.02	0.46	0.93	0.8	0.93	0.85
Non Current Assets Total	0.94	0.12	0.9	-0.06	0.16		-0.14	0.08	0.25	0.97	0.34	0.94	0.78	0.98	0.17	0.69	0.61	0.15	0.15	0.11	0.99	-0.02	0.15	0.27	0.13	0.2
Non Currrent Assets Other	0.15	0.01	0.24	-0.23	0.14	-0.14		-0.14	0.15	-0.05	0.26	-0.03	0.41	-0.06	0.14	0.59	-0.72	0.82	0.82	0.13	-0.12	-0.2	-0.1	0.23	-0.04	0.11
Net Receivables	0.2	0.65	0.2	-0.58	0.62	0.08	-0.14		0.52	-0.05	0.54	0.19	0.3	-0.03	0.78	0.07	-0.31	0.35	0.35	0.14	-0.05	0.05	0.55	0.47	0.54	0.39
Common Stock Shares Outstanding	0.43	0.88	0.42	-0.97	0.95	0.25	0.15	0.52		0.13	0.98	0.4	0.54	0.25	0.59	0.47	-0.26	0.53	0.53	0.41	0.13	0.6	0.94	0.84	0.95	0.9
Non Current Liabilities Total	0.92	0.04	0.87	0.07	0.0	0.97	-0.05	-0.05	0.13		0.22	0.94	0.76	0.99	0.14	0.7	0.59	0.18	0.18	0.08	0.98	-0.06	-0.02	0.14	-0.04	0.05
Other Stockholder Equity	0.54	0.83	0.55	-0.95	0.94	0.34	0.26	0.54	0.98	0.22		0.47	0.67	0.32	0.6	0.6	-0.3	0.65	0.65	0.38	0.22	0.48	0.89	0.86	0.9	0.88
Total Liab	0.95	0.37	0.88	-0.22	0.27	0.94	-0.03	0.19	0.4	0.94	0.47		0.85	0.96	0.44	0.74	0.44	0.34	0.34	0.19	0.9	0.12	0.24	0.37	0.22	0.28
Total Current Assets	0.95	0.39	0.96	-0.44	0.46	0.78	0.41	0.3	0.54	0.76	0.67	0.85		0.78	0.51	0.96	-0.02	0.74	0.74	0.18	0.73	-0.02	0.32	0.54	0.33	0.41
Short Long Term Debt Total	0.93	0.14	0.88	-0.04	0.11	0.98	-0.06	-0.03	0.25	0.99	0.32	0.96	0.78		0.16	0.72	0.59	0.19	0.19	0.13	0.98	0.06	0.11	0.24	0.09	0.18
Other Current Liab	0.36	0.79	0.3	-0.62	0.56	0.17	0.14	0.78	0.59	0.14	0.6	0.44	0.51	0.16		0.33	-0.38	0.61	0.61	0.2	0.05	0.15	0.45	0.5	0.45	0.37
Current Deferred Revenue	0.88	0.24	0.91	-0.38	0.37	0.69	0.59	0.07	0.47	0.7	0.6	0.74	0.96	0.72	0.33		-0.09	0.77	0.77	0.16	0.67	-0.06	0.21	0.49	0.23	0.37
Net Debt	0.31	-0.27	0.22	0.45	-0.33	0.61	-0.72	-0.31	-0.26	0.59	-0.3	0.44	-0.02	0.59	-0.38	-0.09		-0.68	-0.68	-0.02	0.65	0.07	-0.15	-0.25	-0.2	-0.18
Cash	0.48	0.45	0.53	-0.58	0.5	0.15	0.82	0.35	0.53	0.18	0.65	0.34	0.74	0.19	0.61	0.77	-0.68		1.0	0.15	0.1	-0.04	0.27	0.52	0.31	0.38
Cash And Short Term Investments	0.48	0.45	0.53	-0.58	0.5	0.15	0.82	0.35	0.53	0.18	0.65	0.34	0.74	0.19	0.61	0.77	-0.68	1.0		0.15	0.1	-0.04	0.27	0.52	0.31	0.38
Short Term Investments	0.15	0.39	0.13	-0.38	0.46	0.11	0.13	0.14	0.41	0.08	0.38	0.19	0.18	0.13	0.2	0.16	-0.02	0.15	0.15		0.06	0.35	0.4	0.51	0.39	0.49
Other Current Assets	0.91	-0.01	0.87	0.08	0.02	0.99	-0.12	-0.05	0.13	0.98	0.22	0.9	0.73	0.98	0.05	0.67	0.65	0.1	0.1	0.06		-0.09	0.02	0.16	-0.01	0.09
Short Term Debt	-0.02	0.68	-0.1	-0.56	0.46	-0.02	-0.2	0.05	0.6	-0.06	0.48	0.12	-0.02	0.06	0.15	-0.06	0.07	-0.04	-0.04	0.35	-0.09		0.67	0.4	0.66	0.58
Property Plant And Equipment Net	0.25	0.84	0.24	-0.92	0.93	0.15	-0.1	0.55	0.94	-0.02	0.89	0.24	0.32	0.11	0.45	0.21	-0.15	0.27	0.27	0.4	0.02	0.67		0.8	1.0	0.91
Common Stock Total Equity	0.43	0.7	0.44	-0.83	0.8	0.27	0.23	0.47	0.84	0.14	0.86	0.37	0.54	0.24	0.5	0.49	-0.25	0.52	0.52	0.51	0.16	0.4	0.8		0.81	0.96
Property Plant And Equipment Gross	0.24	0.84	0.24	-0.94	0.93	0.13	-0.04	0.54	0.95	-0.04	0.9	0.22	0.33	0.09	0.45	0.23	-0.2	0.31	0.31	0.39	-0.01	0.66	1.0	0.81		0.92
Common Stock	0.33	0.73	0.34	-0.88	0.85	0.2	0.11	0.39	0.9	0.05	0.88	0.28	0.41	0.18	0.37	0.37	-0.18	0.38	0.38	0.49	0.09	0.58	0.91	0.96	0.92

Click cells to compare fundamentals

Workhorse Account Relationship Matchups

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	2.3M
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	(2.4M)	(2.6M)	0.0	(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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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:

How To Invest In Workhorse

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Is Workhorse Stock a good investment?

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What is Workhorse's Net Worth?

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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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

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When running Workhorse's price analysis, check to measure Workhorse'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 Workhorse is operating at the current time. Most of Workhorse's value examination focuses on studying past and present price action to predict the probability of Workhorse's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Workhorse's price. Additionally, you may evaluate how the addition of Workhorse to your portfolios can decrease your overall portfolio volatility.

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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.

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Workhorse Short Long Term Debt Total vs Short Term Investments Analysis

Short Long Term Debt Total vs Short Term Investments

Short Long Term Debt Total vs Short Term Investments Correlation Analysis

Correlation Coefficient

Short Long Term Debt Total

Short Term Investments

Workhorse fundamental ratios Correlations

Workhorse Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Workhorse fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Other Current Assets	+ 0.99	Non Current Assets Total
Short Long Term Debt Total	+ 0.99	Non Current Liabilities Total
Total Stockholder Equity	+ 0.98	Total Assets
Short Long Term Debt Total	+ 0.98	Non Current Assets Total

Common Stock Shares Outstanding	- 0.97	Retained Earnings
Other Stockholder Equity	- 0.95	Retained Earnings
Accounts Payable	- 0.95	Retained Earnings
Property Plant And Equipment Gross	- 0.94	Retained Earnings
Property Plant And Equipment Net	- 0.92	Retained Earnings
Common Stock	- 0.88	Retained Earnings