Nikola Corp Financial Flexibility Index
Nikola Corp financial flexibility index. Nikola Corp (NKLA) has a Financial Flexibility Index of -0.21x as of September 2024. Free cash flow of $-135.82 Million (operating CF $-149.38 Million minus capex $13.56 Million) represents 0% of total liabilities ($656.80 Million).
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Nikola Corp (2018–2023)
Financial flexibility index of Nikola Corp from 2018 to 2023. Historical Financial Flexibility Index trend for Nikola Corp across 6 annual periods. Explore NKLA debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Nikola Corp Financial Flexibility Index by Year (2018–2023)
Nikola Corp financial flexibility index by year from 2018 to 2023. Year-by-year free cash flow to debt coverage for Nikola Corp. For the full cash flow conversion analysis, see cash efficiency ratio of Nikola Corp.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2023 | -0.68x | $-375.66 Million | $-496.18 Million | $555.68 Million | ▼ -18.3% |
| 2022 | -0.57x | $-405.98 Million | $-576.71 Million | $710.18 Million | ▼ -32.4% |
| 2021 | -0.43x | $-127.89 Million | $-307.15 Million | $296.25 Million | ▲ +77.7% |
| 2020 | -1.94x | $-128.21 Million | $-150.53 Million | $66.24 Million | ▼ -58.9% |
| 2019 | -1.22x | $-41.33 Million | $-80.63 Million | $33.92 Million | ▲ +97.2% |
| 2018 | -43.54x | $-41.46 Million | $-54.02 Million | $952.11K | — |