Nikola Corp - Asset Resilience Ratio
Nikola Corp (NKLA) has an Asset Resilience Ratio of 0.23% as of June 2024. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing. See Nikola Corp working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (2018–2023)
This chart shows how Nikola Corp's Asset Resilience Ratio has changed over time. For the complete balance sheet picture, see Nikola Corp balance sheet assets.
Liquid Assets Composition Over Time
This chart breaks down Nikola Corp's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. Explore NKLA strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0% |
| Short-term Investments | $2.50 Million | 0.23% |
| Total Liquid Assets | $2.50 Million | 0.23% |
Asset Resilience Insights
- Limited Liquidity: Nikola Corp maintains only 0.23% of assets in liquid form.
- This low level may indicate efficient asset utilization but could pose risks during economic downturns.
- The company has significant short-term investments, indicating active treasury management.
Nikola Corp Industry Peers by Asset Resilience Ratio
Compare Nikola Corp's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Hyundai Doosan Infracore Co Ltd
KO:042670 |
Farm & Heavy Construction Machinery | 1.24% |
|
Zhongtong Bus Holding Co Ltd
SHE:000957 |
Farm & Heavy Construction Machinery | 0.00% |
|
JiangSu JiangHuai Engine Co Ltd
SHE:000816 |
Farm & Heavy Construction Machinery | 7.57% |
|
Agrometal S.A.I.
BA:AGRO |
Farm & Heavy Construction Machinery | 2.53% |
|
IMDEX Ltd
AU:IMD |
Farm & Heavy Construction Machinery | 0.20% |
|
Austin Engineering Ltd
AU:ANG |
Farm & Heavy Construction Machinery | 5.78% |
|
Palfinger AG
VI:PAL |
Farm & Heavy Construction Machinery | 0.06% |
|
Rosenbauer International AG
VI:ROS |
Farm & Heavy Construction Machinery | 1.10% |
Annual Asset Resilience Ratio for Nikola Corp (2018–2023)
The table below shows the annual Asset Resilience Ratio data for Nikola Corp.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2023-12-31 | 0.13% | $1.64 Million | $1.27 Billion | -0.16pp |
| 2022-12-31 | 0.29% | $3.53 Million | $1.24 Billion | -0.28pp |
| 2021-12-31 | 0.57% | $5.62 Million | $989.82 Million | +0.57pp |
| 2020-12-31 | 0.00% | $8.42K | $1.05 Billion | +0.07pp |
| 2018-12-31 | -0.07% | $-155.58K | $236.55 Million | -- |
About Nikola Corp
Nikola Corporation operates as a technology innovator and integrator that develops energy and transportation solutions in the United States and internationally. The company operates in truck and energy units. It commercializes battery electric vehicles (BEV) and hydrogen fuel cell electric vehicles (FCEV) to the trucking sector. In addition, it develops a network of hydrogen fueling stations; and… Read more