Nikola Common Stock Shares Outstanding vs Other Current Assets Analysis

NKLA Stock

USD 0.54 0 0.37%

Nikola Corp financial indicator trend analysis is infinitely more than just investigating Nikola Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nikola Corp is a good investment. Please check the relationship between Nikola Corp Common Stock Shares Outstanding and its Other Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nikola Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For information on how to trade Nikola Stock refer to our How to Trade Nikola Stock guide.

Common Stock Shares Outstanding vs Other Current Assets

Common Stock Shares Outstanding vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nikola Corp Common Stock Shares Outstanding account and Other Current Assets. At this time, the significance of the direction appears to have weak relationship.

The correlation between Nikola Corp's Common Stock Shares Outstanding and Other Current Assets is 0.31. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Nikola Corp, assuming nothing else is changed. The correlation between historical values of Nikola Corp's Common Stock Shares Outstanding and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Nikola Corp are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Common Stock Shares Outstanding i.e., Nikola Corp's Common Stock Shares Outstanding and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.31

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Nikola Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nikola Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nikola Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For information on how to trade Nikola Stock refer to our How to Trade Nikola Stock guide.As of February 17, 2025, Tax Provision is expected to decline to 3,420. In addition to that, Selling General Administrative is expected to decline to about 210.3 M

	2024	2025 (projected)
Depreciation And Amortization	41.3M	43.3M
Interest Income	181.8K	172.7K

Depreciation And Amortization Interest Income

Nikola Corp fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock
Total Assets		0.88	0.91	0.92	0.12	0.92	-0.49	-0.91	0.86	0.86	0.51	0.88	0.91	0.86	0.81	0.96	0.8	0.71	0.86	0.96	0.77	0.66	0.91	0.88	0.92	0.82
Other Current Liab	0.88		0.93	0.67	0.01	0.69	-0.14	-0.98	0.8	0.58	0.67	0.84	0.9	0.59	0.98	0.85	0.92	0.69	1.0	0.95	0.86	0.51	0.96	1.0	0.68	0.92
Total Current Liabilities	0.91	0.93		0.68	0.13	0.73	-0.13	-0.9	0.9	0.59	0.71	0.86	0.87	0.59	0.89	0.9	0.75	0.77	0.92	0.9	0.94	0.6	0.85	0.95	0.71	0.75
Total Stockholder Equity	0.92	0.67	0.68		0.14	0.96	-0.79	-0.74	0.72	0.99	0.2	0.76	0.8	0.99	0.58	0.86	0.69	0.57	0.64	0.85	0.47	0.65	0.8	0.66	0.99	0.72
Other Liab	0.12	0.01	0.13	0.14		0.18	-0.28	-0.03	0.45	0.17	-0.04	0.16	0.12	0.17	-0.16	0.16	-0.05	0.69	-0.02	0.12	-0.12	-0.16	0.05	0.04	0.12	-0.05
Net Tangible Assets	0.92	0.69	0.73	0.96	0.18		-0.76	-0.74	0.8	0.97	0.13	0.88	0.88	0.97	0.6	0.92	0.65	0.64	0.66	0.86	0.54	0.73	0.8	0.7	0.99	0.7
Net Debt	-0.49	-0.14	-0.13	-0.79	-0.28	-0.76		0.25	-0.34	-0.87	0.39	-0.42	-0.43	-0.86	-0.01	-0.49	-0.27	-0.29	-0.1	-0.42	0.14	-0.4	-0.38	-0.12	-0.78	-0.32
Retained Earnings	-0.91	-0.98	-0.9	-0.74	-0.03	-0.74	0.25		-0.77	-0.67	-0.62	-0.83	-0.91	-0.67	-0.94	-0.88	-0.95	-0.67	-0.97	-0.96	-0.8	-0.45	-0.98	-0.96	-0.75	-0.95
Accounts Payable	0.86	0.8	0.9	0.72	0.45	0.8	-0.34	-0.77		0.67	0.48	0.87	0.84	0.67	0.7	0.86	0.6	0.94	0.78	0.86	0.76	0.66	0.77	0.84	0.75	0.61
Cash	0.86	0.58	0.59	0.99	0.17	0.97	-0.87	-0.67	0.67		0.04	0.76	0.78	1.0	0.49	0.84	0.63	0.53	0.55	0.79	0.37	0.63	0.75	0.58	0.99	0.67
Non Current Assets Total	0.51	0.67	0.71	0.2	-0.04	0.13	0.39	-0.62	0.48	0.04		0.27	0.34	0.04	0.7	0.37	0.52	0.43	0.68	0.52	0.78	0.18	0.5	0.67	0.16	0.46
Non Currrent Assets Other	0.88	0.84	0.86	0.76	0.16	0.88	-0.42	-0.83	0.87	0.76	0.27		0.98	0.76	0.77	0.96	0.72	0.73	0.82	0.88	0.74	0.65	0.86	0.85	0.83	0.76
Other Assets	0.91	0.9	0.87	0.8	0.12	0.88	-0.43	-0.91	0.84	0.78	0.34	0.98		0.78	0.84	0.97	0.85	0.71	0.89	0.94	0.73	0.57	0.94	0.9	0.85	0.88
Cash And Short Term Investments	0.86	0.59	0.59	0.99	0.17	0.97	-0.86	-0.67	0.67	1.0	0.04	0.76	0.78		0.49	0.84	0.63	0.53	0.56	0.79	0.37	0.63	0.75	0.58	0.99	0.67
Net Receivables	0.81	0.98	0.89	0.58	-0.16	0.6	-0.01	-0.94	0.7	0.49	0.7	0.77	0.84	0.49		0.78	0.9	0.57	0.99	0.9	0.89	0.5	0.92	0.98	0.6	0.89
Common Stock Total Equity	0.96	0.85	0.9	0.86	0.16	0.92	-0.49	-0.88	0.86	0.84	0.37	0.96	0.97	0.84	0.78		0.77	0.72	0.84	0.92	0.75	0.6	0.9	0.86	0.9	0.81
Common Stock Shares Outstanding	0.8	0.92	0.75	0.69	-0.05	0.65	-0.27	-0.95	0.6	0.63	0.52	0.72	0.85	0.63	0.9	0.77		0.52	0.92	0.9	0.63	0.31	0.97	0.89	0.68	1.0
Short Term Investments	0.71	0.69	0.77	0.57	0.69	0.64	-0.29	-0.67	0.94	0.53	0.43	0.73	0.71	0.53	0.57	0.72	0.52		0.67	0.75	0.59	0.41	0.66	0.73	0.59	0.52
Non Current Liabilities Total	0.86	1.0	0.92	0.64	-0.02	0.66	-0.1	-0.97	0.78	0.55	0.68	0.82	0.89	0.56	0.99	0.84	0.92	0.67		0.94	0.87	0.49	0.95	0.99	0.66	0.91
Capital Surpluse	0.96	0.95	0.9	0.85	0.12	0.86	-0.42	-0.96	0.86	0.79	0.52	0.88	0.94	0.79	0.9	0.92	0.9	0.75	0.94		0.77	0.62	0.98	0.95	0.86	0.91
Inventory	0.77	0.86	0.94	0.47	-0.12	0.54	0.14	-0.8	0.76	0.37	0.78	0.74	0.73	0.37	0.89	0.75	0.63	0.59	0.87	0.77		0.61	0.72	0.89	0.51	0.63
Other Current Assets	0.66	0.51	0.6	0.65	-0.16	0.73	-0.4	-0.45	0.66	0.63	0.18	0.65	0.57	0.63	0.5	0.6	0.31	0.41	0.49	0.62	0.61		0.49	0.55	0.7	0.33
Other Stockholder Equity	0.91	0.96	0.85	0.8	0.05	0.8	-0.38	-0.98	0.77	0.75	0.5	0.86	0.94	0.75	0.92	0.9	0.97	0.66	0.95	0.98	0.72	0.49		0.94	0.81	0.97
Total Liab	0.88	1.0	0.95	0.66	0.04	0.7	-0.12	-0.96	0.84	0.58	0.67	0.85	0.9	0.58	0.98	0.86	0.89	0.73	0.99	0.95	0.89	0.55	0.94		0.68	0.88
Total Current Assets	0.92	0.68	0.71	0.99	0.12	0.99	-0.78	-0.75	0.75	0.99	0.16	0.83	0.85	0.99	0.6	0.9	0.68	0.59	0.66	0.86	0.51	0.7	0.81	0.68		0.72
Common Stock	0.82	0.92	0.75	0.72	-0.05	0.7	-0.32	-0.95	0.61	0.67	0.46	0.76	0.88	0.67	0.89	0.81	1.0	0.52	0.91	0.91	0.63	0.33	0.97	0.88	0.72

Click cells to compare fundamentals

Nikola Corp Account Relationship Matchups

Nikola Corp fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.1B	989.8M	1.2B	1.3B	1.5B	920.5M
Other Current Liab	21.8M	93.3M	226.7M	205.2M	235.9M	247.7M
Total Current Liabilities	52.3M	180.6M	383.6M	260.1M	299.1M	163.8M
Total Stockholder Equity	987.5M	693.6M	526.5M	719.2M	827.1M	615.6M
Other Liab	13.3M	8K	88.3M	6.7M	7.7M	7.4M
Net Tangible Assets	127.8M	932.2M	591.2M	526.5M	605.5M	454.9M
Net Debt	(822.9M)	(469.8M)	149.6M	(179.9M)	(206.8M)	(217.2M)
Retained Earnings	(573.6M)	(1.3B)	(2.0B)	(3.1B)	(2.8B)	(2.6B)
Accounts Payable	29.4M	87.0M	93.2M	44.1M	50.8M	47.5M
Cash	840.9M	497.2M	233.4M	464.7M	534.4M	389.2M
Non Current Assets Total	156.8M	465.1M	799.7M	702.4M	807.8M	501.1M
Non Currrent Assets Other	4M	28.9M	162.9M	50.9M	58.5M	61.4M
Other Assets	17.4M	21.7M	56.5M	159.5M	183.4M	192.6M
Cash And Short Term Investments	840.9M	497.2M	233.4M	466.4M	536.3M	389.5M
Net Receivables	0.0	2.7M	31.6M	27.2M	31.3M	32.8M
Common Stock Total Equity	27K	39K	41K	51K	58.7K	34.9K
Common Stock Shares Outstanding	11.2M	13.3M	14.7M	26.7M	30.7M	32.2M
Liabilities And Stockholders Equity	1.1B	989.8M	1.2B	1.3B	1.5B	920.5M
Non Current Liabilities Total	14.0M	115.6M	326.6M	295.6M	339.9M	356.9M
Capital Surpluse	5.0M	1.6B	1.9B	2.6B	2.9B	3.1B
Inventory	0.0	11.6M	123.2M	62.6M	72.0M	37.1M
Other Current Assets	56.0M	15.9M	63.2M	16.2M	18.6M	30.0M
Other Stockholder Equity	1.5B	1.9B	2.6B	3.8B	4.4B	4.6B
Total Liab	66.2M	296.2M	710.2M	555.7M	639.0M	671.0M
Total Current Assets	896.9M	524.7M	436.9M	572.4M	658.3M	462.6M
Accumulated Other Comprehensive Income	239K	(198K)	(1.6M)	(162K)	(145.8K)	(138.5K)
Common Stock	39K	41K	51K	133K	153.0K	160.6K
Property Plant Equipment	53.4M	71.4M	244.4M	467.7M	537.8M	564.7M
Short Long Term Debt Total	18.1M	27.5M	383.0M	284.9M	327.6M	344.0M
Property Plant And Equipment Net	71.4M	244.4M	437.0M	503.4M	578.9M	607.9M
Capital Lease Obligations	15.0M	2.8M	82.7M	140.9M	162.0M	170.1M
Net Invested Capital	991.6M	718.2M	826.7M	863.1M	992.6M	791.8M
Long Term Investments	8.4M	61.8M	72.8M	57.1M	65.6M	44.0M
Property Plant And Equipment Gross	71.4M	260.9M	468.4M	547.4M	629.5M	660.9M
Capital Stock	39K	41K	51K	133K	153.0K	160.6K
Non Current Liabilities Other	14.0M	90.6M	6.3M	21.5M	24.7M	31.8M
Net Working Capital	844.6M	344.1M	53.3M	312.3M	281.1M	260.6M
Short Term Debt	1.1M	280K	63.7M	10.8M	12.4M	16.8M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

CSX	CSX Corporation
ETON	Eton Pharmaceuticals
ALLT	Allot Communications

When determining whether Nikola Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nikola Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nikola Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nikola Corp Stock:

How To Invest In Nikola

Details

Is Nikola Stock a good investment?

Details

What is Nikola Corp's Net Worth?

Details

Largest Construction Machinery & Heavy Transportation Equipment Companies

View

Largest Farm & Heavy Construction Machinery Companies

View

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nikola Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For information on how to trade Nikola Stock refer to our How to Trade Nikola Stock guide.

You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Is Construction Machinery & Heavy Transportation Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nikola Corp. If investors know Nikola will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nikola Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(12.34)

Revenue Per Share

1.691

Quarterly Revenue Growth

1.039

Return On Assets

(0.31)

Return On Equity

(1.29)

The market value of Nikola Corp is measured differently than its book value, which is the value of Nikola that is recorded on the company's balance sheet. Investors also form their own opinion of Nikola Corp's value that differs from its market value or its book value, called intrinsic value, which is Nikola Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nikola Corp's market value can be influenced by many factors that don't directly affect Nikola Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Nikola Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nikola Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nikola Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Nikola Common Stock Shares Outstanding vs Other Current Assets Analysis

Common Stock Shares Outstanding vs Other Current Assets

Common Stock Shares Outstanding vs Other Current Assets Correlation Analysis

Correlation Coefficient

Common Stock Shares Outstanding

Other Current Assets

Nikola Corp fundamental ratios Correlations

Nikola Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nikola Corp fundamental ratios Accounts

Also Currently Popular

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Other Current Liab
Total Liab	+ 1.0	Other Current Liab
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Shares Outstanding
Cash	+ 0.99	Total Stockholder Equity
Cash And Short Term Investments	+ 0.99	Total Stockholder Equity

Other Stockholder Equity	- 0.98	Retained Earnings
Retained Earnings	- 0.98	Other Current Liab
Non Current Liabilities Total	- 0.97	Retained Earnings
Total Liab	- 0.96	Retained Earnings
Capital Surpluse	- 0.96	Retained Earnings
Common Stock	- 0.95	Retained Earnings