Workhorse Group Inc (WKHS) - Total Assets
Based on the latest financial reports, Workhorse Group Inc (WKHS) holds total assets worth $116.74 Million USD as of September 2025. 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. See what is Workhorse Group Inc's book value for net asset value and shareholders' equity analysis.
Workhorse Group Inc - Total Assets Trend (2007–2024)
This chart illustrates how Workhorse Group Inc's total assets have evolved over time, based on quarterly financial data.
Workhorse Group Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Workhorse Group Inc's total assets of $116.74 Million consist of 56.9% current assets and 43.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 4.4% |
| Accounts Receivable | $1.08 Million | 1.2% |
| Inventory | $41.84 Million | 44.6% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2007–2024)
This chart illustrates how Workhorse Group Inc'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. For live market cap, price, and company overview, see market value of Workhorse Group Inc.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Workhorse Group Inc's current assets represent 56.9% of total assets in 2024, an increase from 16.9% in 2007.
- Cash Position: Cash and equivalents constituted 4.4% of total assets in 2024, up from 0.0% in 2007.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2007.
- Asset Diversification: The largest asset category is inventory at 44.6% of total assets.
Workhorse Group Inc Competitors by Total Assets
Key competitors of Workhorse Group Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Toyota Motor Corporation
MX:TMN
|
Mexico | MX$102.34 Trillion |
|
Dr Ing hcF Porsche AG
F:P911
|
Germany | €53.01 Billion |
|
Stellantis NV
PA:STLAP
|
France | €200.68 Billion |
|
Faw Car Co Ltd
SHE:000800
|
China | CN¥76.20 Billion |
|
Zhejiang Taotao Vehicles Co. Ltd. A
SHE:301345
|
China | CN¥4.93 Billion |
|
Lucid Group Inc
NASDAQ:LCID
|
USA | $8.39 Billion |
|
Dongfeng Automobile Co Ltd
SHG:600006
|
China | CN¥16.33 Billion |
|
Jiangling Motors Corp Ltd
SHE:000550
|
China | CN¥33.73 Billion |
Workhorse Group Inc - 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 | 1.21 | 1.16 | 16.51 |
| Quick Ratio | 0.71 | 0.29 | 15.63 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $12.53 Million | $7.88 Million | $272.90 Million |
Workhorse Group Inc - Advanced Valuation Insights
This section examines the relationship between Workhorse Group Inc'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 | 0.94 |
| Latest Market Cap to Assets Ratio | 0.30 |
| Asset Growth Rate (YoY) | -33.8% |
| Total Assets | $93.84 Million |
| Market Capitalization | $28.60 Million USD |
Valuation Analysis
Below Book Valuation: The market values Workhorse Group Inc's assets below their book value (0.30x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Workhorse Group Inc's assets decreased by 33.8% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Workhorse Group Inc (2007–2024)
The table below shows the annual total assets of Workhorse Group Inc from 2007 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $93.84 Million | -33.76% |
| 2023-12-31 | $141.67 Million | -22.47% |
| 2022-12-31 | $182.74 Million | -19.90% |
| 2021-12-31 | $228.14 Million | -63.93% |
| 2020-12-31 | $632.54 Million | +1148.26% |
| 2019-12-31 | $50.67 Million | +329.27% |
| 2018-12-31 | $11.80 Million | -26.76% |
| 2017-12-31 | $16.12 Million | +57.41% |
| 2016-12-31 | $10.24 Million | -30.06% |
| 2015-12-31 | $14.64 Million | +195.67% |
| 2014-12-31 | $4.95 Million | +2.08% |
| 2013-12-31 | $4.85 Million | +2098.07% |
| 2012-12-31 | $220.69K | -50.95% |
| 2011-12-31 | $449.89K | -15.01% |
| 2010-12-31 | $529.36K | +564.24% |
| 2009-12-31 | $79.69K | +71.84% |
| 2008-12-31 | $46.38K | +152.18% |
| 2007-12-31 | $18.39K | -- |
About Workhorse Group Inc
Workhorse Group, Inc. designs and manufactures electric trucks and related fleet charging solutions. The company provides electric trucks for medium-duty fleet applications, including the Argo electric truck and Argo chassis, which integrate proprietary battery, drivetrain, and cab systems. It offers the Argo LFP battery with control signals, multiple pack configurations, and a range suitable for… Read more