Nikola Corp (NKLA) — Defensive Interval Ratio
Nikola Corp (NKLA) has a Defensive Interval Ratio of 89 days as of September 2024. Defensive assets of $82.18 Million (cash $-, short-term investments $-, receivables $82.18 Million) cover 89 days of daily cash needs of $919.95K/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Nikola Corp Defensive Interval Ratio (2018–2023)
This chart shows how Nikola Corp's Defensive Interval Ratio has evolved across 6 annual periods from 2018 to 2023. As of September 2024, the ratio stands at 89 days, meaning defensive assets of $82.18 Million can fund 89 days of operations without new revenue. For the complete balance sheet picture, see NKLA current and non-current assets.
Annual Defensive Interval Ratio for Nikola Corp (2018–2023)
The table below presents the year-by-year Defensive Interval Ratio for Nikola Corp from 2018 to 2023, covering 6 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See Nikola Corp working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2023 | 40 days | $28.84 Million | $712.62K/day | $- | $1.64 Million | ▲ +7 days |
| 2022 | 33 days | $35.17 Million | $1.05 Million/day | $- | $3.53 Million | ▲ +17 days |
| 2021 | 17 days | $8.33 Million | $494.82K/day | $- | $5.62 Million | ▲ +17 days |
| 2020 | 0 days | $8.42K | $143.21K/day | $- | $8.42K | ▼ -14 days |
| 2019 | 15 days | $658.00K | $45.31K/day | $- | $- | ▲ +109 days |
| 2018 | -94 days | $-148.58K | $1.57K/day | $- | $-155.58K | — |