Workhorse Total Debt vs Accounts Payable Analysis

WKHS Stock

USD 0.17 0.01 5.56%

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.

Cash Flow Balance Sheet Income Statement

Total Assets Non Current Assets Total

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.

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.

Total Assets Total Current Liabilities Accounts Payable Non Current Assets Total

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

	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	0.19	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	0.64	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	0.19	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	-0.57	-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	0.61	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	0.07	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	0.19	0.64	0.19	-0.57	0.61	0.07	-0.14		0.51	-0.06	0.53	0.18	0.29	-0.05	0.77	0.06	-0.31	0.34	0.34	0.15	-0.06	0.04	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	0.51		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	-0.06	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	0.53	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	0.18	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	0.29	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	-0.05	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	0.77	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	0.06	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	0.34	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	0.34	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	0.15	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	-0.06	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	0.04	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

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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	2.5M
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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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:

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What is Workhorse's Net Worth?

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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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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 Total Debt vs Accounts Payable Analysis

About Workhorse Balance Sheet Analysis

Workhorse Balance Sheet Chart

Total Assets

Total Current Liabilities

Accounts Payable

Non Current Assets Total

Workhorse fundamental ratios Correlations

Workhorse Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Workhorse fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

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