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. Check Nikola Corp (NKLA) asset resilience to evaluate the company's liquid asset resilience ratio.
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. See Nikola Corp (NKLA) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
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. For market capitalisation and the full company profile, see Nikola Corp (NKLA) total market value.
| 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 | — |