Nikola Corp (NKLA) — 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). Check Nikola Corp (NKLA) tangible net worth to evaluate the tangible quality of the company's equity base.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Nikola Corp Financial Flexibility Index (2018–2023)
Historical Financial Flexibility Index trend for Nikola Corp across 6 annual periods. For the full cash flow conversion analysis, see NKLA operating cash flow.
Annual Financial Flexibility Index for Nikola Corp (2018–2023)
Year-by-year free cash flow to debt coverage for Nikola Corp. Explore NKLA cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
| 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 | — |