Nu Ride Inc
Nu Ride Inc. does not have significant operations. It intends to identify, evaluate, and pursue one or more potential business combinations or acquisitions. Previously, the company was engaged in the manufacture and sale of Endurance, an electric full-size pickup truck. Nu Ride Inc. is headquartered in New York, New York.
Nu Ride Inc (NRDE) - Total Assets
Latest total assets as of September 2025: $48.62 Million USD
Based on the latest financial reports, Nu Ride Inc (NRDE) holds total assets worth $48.62 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.
Nu Ride Inc - Total Assets Trend (2020–2024)
This chart illustrates how Nu Ride Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Nu Ride Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Nu Ride Inc's total assets of $48.62 Million consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 43.4% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2020–2024)
This chart illustrates how Nu Ride 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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Nu Ride Inc's current assets represent 100.0% of total assets in 2024, an increase from 85.3% in 2020.
- Cash Position: Cash and equivalents constituted 43.4% of total assets in 2024, down from 82.1% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2020.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Nu Ride Inc Competitors by Total Assets
Key competitors of Nu Ride Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Beiqi Foton Motor Co Ltd
SHG:600166
|
China | CN¥58.09 Billion |
|
Kia Corp
KO:000270
|
Korea | ₩97.98 Trillion |
|
Weichai Power Co Ltd Class A
SHE:000338
|
China | CN¥364.32 Billion |
|
Haima Automobile Group Co Ltd
SHE:000572
|
China | CN¥4.80 Billion |
|
Faw Car Co Ltd
SHE:000800
|
China | CN¥76.20 Billion |
|
Anhui Ankai Automobile Co Ltd
SHE:000868
|
China | CN¥4.25 Billion |
|
Kunming Yunnei Power Co Ltd
SHE:000903
|
China | CN¥10.27 Billion |
|
Zhejiang Qianjiang Motorcycle Co Ltd
SHE:000913
|
China | CN¥10.53 Billion |
Nu Ride Inc - 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 - Nu Ride Inc generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Nu Ride Inc is currently not profitable relative to its asset base.
Nu Ride 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 | 49.76 | 32.78 | 3.72 |
| Quick Ratio | 49.76 | 32.78 | 3.52 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $47.64 Million | $ 56.47 Million | $ 187.04 Million |
Nu Ride Inc - Advanced Valuation Insights
This section examines the relationship between Nu Ride 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 | 5.33 |
| Latest Market Cap to Assets Ratio | 0.34 |
| Asset Growth Rate (YoY) | -42.3% |
| Total Assets | $53.18 Million |
| Market Capitalization | $17.94 Million USD |
Valuation Analysis
Below Book Valuation: The market values Nu Ride Inc's assets below their book value (0.34 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Nu Ride Inc's assets decreased by 42.3% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Nu Ride Inc (2020–2024)
The table below shows the annual total assets of Nu Ride Inc from 2020 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $53.18 Million | -42.30% |
| 2023-12-31 | $92.17 Million | -79.62% |
| 2022-12-31 | $452.31 Million | -34.33% |
| 2021-12-31 | $688.78 Million | -10.22% |
| 2020-12-31 | $767.22 Million | -- |