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 NKLA strategic asset allocation to assess the company's strategic physical and investment asset allocation.
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. See working capital to net assets of Nikola Corp to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Nikola Corp (2018–2023)
Year-by-year free cash flow to debt coverage for Nikola Corp. For the full company profile including market capitalisation, see NKLA market cap overview.
| 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 | — |