Nikola Corp (NKLA) — Net Asset Quality Index
Nikola Corp (NKLA) has a Net Asset Quality Index of 36.6% as of September 2024. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $1.04 Billion minus total liabilities of $656.80 Million yields net assets of $379.25 Million. A higher index indicates a stronger, lower-leverage balance sheet. Read Nikola Corp (NKLA) total liabilities for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Nikola Corp Net Asset Quality Index Over Time (2018–2023)
This chart shows how Nikola Corp's Net Asset Quality Index has evolved across 6 annual periods from 2018 to 2023. As of September 2024, the index stands at 36.6%, representing net assets of $379.25 Million against total assets of $1.04 Billion USD. For live market cap and overall valuation, see Nikola Corp market capitalisation.
Annual Net Asset Quality Index for Nikola Corp (2018–2023)
The table below presents the year-by-year Net Asset Quality Index for Nikola Corp from 2018 to 2023, covering 6 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check Nikola Corp (NKLA) strategic asset index to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2023 | 56.4% | $719.17 Million | $1.27 Billion | $555.68 Million | ▲ +13.8 pp |
| 2022 | 42.6% | $526.48 Million | $1.24 Billion | $710.18 Million | ▼ -27.5 pp |
| 2021 | 70.1% | $693.57 Million | $989.82 Million | $296.25 Million | ▼ -23.6 pp |
| 2020 | 93.7% | $987.48 Million | $1.05 Billion | $66.24 Million | ▲ +8.5 pp |
| 2019 | 85.2% | $195.51 Million | $229.43 Million | $33.92 Million | ▼ -14.4 pp |
| 2018 | 99.6% | $235.59 Million | $236.55 Million | $952.11K | — |