Nikola Corp (NKLA) — Tangible Net Worth Ratio
Nikola Corp (NKLA) has a Tangible Net Worth Ratio of 86.3% as of September 2024. This metric is calculated by deducting intangible assets ($52.13 Million) from net assets ($379.25 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore Nikola Corp net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Nikola Corp Tangible Net Worth Ratio (2018–2023)
This chart shows how Nikola Corp's Tangible Net Worth Ratio has changed across 6 annual periods from 2018 to 2023. As of September 2024, the ratio stands at 86.3%, reflecting net assets of $379.25 Million with intangible assets of $52.13 Million USD. For live market cap and overall valuation, see NKLA market cap overview.
Annual Tangible Net Worth Ratio for Nikola Corp (2018–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for Nikola Corp from 2018 to 2023, covering 6 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. See how financially flexible is Nikola Corp to measure the company's free cash flow as a share of total liabilities.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2023 | 88.1% | $719.17 Million | $85.86 Million | $1.27 Billion | ▲ +5.7 pp |
| 2022 | 82.3% | $526.48 Million | $93.09 Million | $1.24 Billion | ▼ -3.7 pp |
| 2021 | 86.0% | $693.57 Million | $97.18 Million | $989.82 Million | ▼ -8.9 pp |
| 2020 | 94.9% | $987.48 Million | $50.05 Million | $1.05 Billion | ▲ +26.9 pp |
| 2019 | 68.0% | $195.51 Million | $62.51 Million | $229.43 Million | ▼ -26.6 pp |
| 2018 | 94.7% | $235.59 Million | $12.58 Million | $236.55 Million | — |