Nikola Corp Working Capital to Net Assets Ratio
Nikola Corp working capital to net assets ratio. Nikola Corp (NKLA) has a Working Capital to Net Assets ratio of 14.7% as of September 2024. Working capital of $55.74 Million (current assets of $391.52 Million minus current liabilities of $335.78 Million) is measured against net assets of $379.25 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check Nikola Corp (NKLA) tangible equity ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Nikola Corp (2018–2023)
Working capital to net assets ratio of Nikola Corp from 2018 to 2023. This chart shows how Nikola Corp's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2018 to 2023. As of September 2024, the ratio stands at 14.7%, reflecting working capital of $55.74 Million against net assets of $379.25 Million USD. See NKLA defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Nikola Corp Working Capital to Net Assets Ratio by Year (2018–2023)
Nikola Corp working capital to net assets ratio by year from 2018 to 2023. The table below presents the year-by-year Working Capital to Net Assets ratio for Nikola Corp from 2018 to 2023, covering 6 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see total assets of Nikola Corp.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 43.4% | $312.31 Million | $719.17 Million | $572.41 Million | $260.11 Million | ▲ +33.3 pp |
| 2022 | 10.1% | $53.34 Million | $526.48 Million | $436.93 Million | $383.59 Million | ▼ -39.5 pp |
| 2021 | 49.6% | $344.12 Million | $693.57 Million | $524.73 Million | $180.61 Million | ▼ -35.9 pp |
| 2020 | 85.5% | $844.64 Million | $987.48 Million | $896.92 Million | $52.27 Million | ▲ +47.5 pp |
| 2019 | 38.0% | $74.34 Million | $195.51 Million | $90.88 Million | $16.54 Million | ▲ +37.8 pp |
| 2018 | 0.3% | $594.27K | $235.59 Million | $1.17 Million | $574.33K | — |