Nikola Corp
Nikola Corporation operates as a technology innovator and integrator that develops energy and transportation solutions in the United States and internationally. The company operates in truck and energy units. It commercializes battery electric vehicles (BEV) and hydrogen fuel cell electric vehicles (FCEV) to the trucking sector. In addition, it develops a network of hydrogen fueling stations; and… Read more
Nikola Corp (NKLA) - Total Assets
Latest total assets as of September 2024: $1.04 Billion USD
Based on the latest financial reports, Nikola Corp (NKLA) holds total assets worth $1.04 Billion USD as of September 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Nikola Corp - Total Assets Trend (2018–2023)
This chart illustrates how Nikola Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Nikola Corp - Asset Composition Analysis
Current Asset Composition (December 2023)
Nikola Corp's total assets of $1.04 Billion consist of 44.9% current assets and 55.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 36.5% |
| Accounts Receivable | $27.20 Million | 2.1% |
| Inventory | $62.59 Million | 4.9% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $85.86 Million | 6.7% |
| Goodwill | $5.24 Million | 0.4% |
Asset Composition Trend (2018–2023)
This chart illustrates how Nikola Corp's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Nikola Corp's current assets represent 44.9% of total assets in 2023, an increase from 0.5% in 2018.
- Cash Position: Cash and equivalents constituted 36.5% of total assets in 2023, up from 0.5% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 6.0% of total assets, a decrease from 7.0% in 2018.
- Asset Diversification: The largest asset category is intangible assets at 6.7% of total assets.
Nikola Corp Competitors by Total Assets
Key competitors of Nikola Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Exor NV
PINK:EXXRF
|
USA | $40.00 Billion |
|
XCMG Construction Machinery Co Ltd
SHE:000425
|
China | CN¥179.64 Billion |
|
Daedong Ind
KO:000490
|
Korea | ₩2.25 Trillion |
|
Guangxi Liugong Machinery Co Ltd
SHE:000528
|
China | CN¥50.65 Billion |
|
Shantui Construction Machinery Co Ltd
SHE:000680
|
China | CN¥18.79 Billion |
|
JiangSu JiangHuai Engine Co Ltd
SHE:000816
|
China | CN¥3.49 Billion |
|
Sinotruk Jinan Truck Co Ltd
SHE:000951
|
China | CN¥45.43 Billion |
|
Zhongtong Bus Holding Co Ltd
SHE:000957
|
China | CN¥9.46 Billion |
Nikola Corp - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Nikola Corp generates 0.03x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Nikola Corp is currently not profitable relative to its asset base.
Nikola Corp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.17 | 1.61 | 5.50 |
| Quick Ratio | 0.89 | 1.41 | 5.38 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $55.74 Million | $ 177.58 Million | $ 74.34 Million |
Nikola Corp - Advanced Valuation Insights
This section examines the relationship between Nikola Corp's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.03 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 3.1% |
| Total Assets | $1.27 Billion |
| Market Capitalization | $3.81 Million USD |
Valuation Analysis
Below Book Valuation: The market values Nikola Corp's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Nikola Corp's assets grew by 3.1% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Nikola Corp (2018–2023)
The table below shows the annual total assets of Nikola Corp from 2018 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $1.27 Billion | +3.09% |
| 2022-12-31 | $1.24 Billion | +24.94% |
| 2021-12-31 | $989.82 Million | -6.06% |
| 2020-12-31 | $1.05 Billion | +359.27% |
| 2019-12-31 | $229.43 Million | -3.01% |
| 2018-12-31 | $236.55 Million | -- |