Nikola Long Term Debt vs Intangible Assets Analysis

NKLA Stock  USD 1.15  0.01  0.86%   
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 Long Term Debt and its Intangible 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.

Long Term Debt vs Intangible Assets

JavaScript chart by amCharts 3.21.1520142016201820202022202410M20M40M60M80M100M120M140M160M180M200M220M 50M55M60M65M70M75M80M85M90M
JavaScript chart by amCharts 3.21.15Long Term Debttotal: 571.8MIntangible Assetstotal: 849.3M

Long Term Debt vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nikola Corp Long Term Debt account and Intangible Assets. At this time, the significance of the direction appears to have strong relationship.
Long Term DebtIntangible AssetsDiversified AwayLong Term DebtIntangible AssetsDiversified Away100%
The correlation between Nikola Corp's Long Term Debt and Intangible Assets is 0.73. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Intangible 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 Long Term Debt and Intangible 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 Long Term Debt of Nikola Corp are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Long Term Debt i.e., Nikola Corp's Long Term Debt and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

Long Term Debt

Long-term debt is a debt that Nikola Corp has held for over one year. Long-term debt appears on Nikola Corp balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Nikola Corp balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
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.The current year's Selling General Administrative is expected to grow to about 210.3 M, whereas Tax Provision is forecasted to decline to 3,800.
 2023 2024 (projected)
Depreciation And Amortization35.9M37.7M
Interest Income181.8K172.7K

Nikola Corp fundamental ratios Correlations

0.860.890.90.190.93-0.51-0.870.880.840.360.880.90.840.770.95-0.980.730.840.950.730.750.910.880.920.79
0.860.940.60.070.67-0.08-0.970.820.520.60.830.890.520.980.84-0.820.721.00.950.870.580.940.940.630.88
0.890.940.610.190.7-0.09-0.860.920.520.630.860.850.520.890.87-0.830.790.930.880.930.670.841.00.650.71
0.90.60.610.20.97-0.82-0.670.70.990.010.730.760.990.480.82-0.930.560.560.820.380.710.780.580.990.68
0.190.070.190.20.21-0.3-0.080.490.220.00.20.160.22-0.130.21-0.270.720.040.16-0.09-0.160.120.140.170.01
0.930.670.70.970.21-0.75-0.720.780.970.00.870.870.970.560.92-0.940.630.640.850.490.750.820.680.990.7
-0.51-0.08-0.09-0.82-0.3-0.750.21-0.32-0.880.51-0.4-0.41-0.880.07-0.480.59-0.27-0.03-0.390.2-0.39-0.37-0.05-0.79-0.31
-0.87-0.97-0.86-0.67-0.08-0.720.21-0.75-0.61-0.5-0.81-0.91-0.61-0.93-0.850.83-0.67-0.97-0.97-0.74-0.49-0.98-0.88-0.69-0.96
0.880.820.920.70.490.78-0.32-0.750.650.430.860.830.650.710.85-0.890.940.80.850.750.670.790.880.730.61
0.840.520.520.990.220.97-0.88-0.610.65-0.150.730.751.00.390.81-0.880.520.480.760.280.660.730.490.990.64
0.360.60.630.010.00.00.51-0.50.43-0.150.150.2-0.150.650.22-0.290.410.620.420.730.20.360.66-0.020.3
0.880.830.860.730.20.87-0.4-0.810.860.730.150.970.730.760.96-0.840.730.820.870.720.680.870.840.810.76
0.90.890.850.760.160.87-0.41-0.910.830.750.20.970.750.820.97-0.860.710.880.930.690.610.950.840.820.89
0.840.520.520.990.220.97-0.88-0.610.651.0-0.150.730.750.390.81-0.880.520.480.760.280.660.730.490.990.64
0.770.980.890.48-0.130.560.07-0.930.710.390.650.760.820.390.75-0.710.570.980.880.90.570.880.910.520.85
0.950.840.870.820.210.92-0.48-0.850.850.810.220.960.970.810.75-0.890.710.820.910.70.640.90.860.870.81
-0.98-0.82-0.83-0.93-0.27-0.940.590.83-0.89-0.88-0.29-0.84-0.86-0.88-0.71-0.89-0.77-0.79-0.94-0.63-0.76-0.89-0.8-0.93-0.77
0.730.720.790.560.720.63-0.27-0.670.940.520.410.730.710.520.570.71-0.770.690.750.580.420.690.750.570.53
0.841.00.930.560.040.64-0.03-0.970.80.480.620.820.880.480.980.82-0.790.690.930.870.560.930.940.60.88
0.950.950.880.820.160.85-0.39-0.970.850.760.420.870.930.760.880.91-0.940.750.930.730.650.990.880.830.91
0.730.870.930.38-0.090.490.2-0.740.750.280.730.720.690.280.90.7-0.630.580.870.730.660.690.940.430.57
0.750.580.670.71-0.160.75-0.39-0.490.670.660.20.680.610.660.570.64-0.760.420.560.650.660.570.620.750.39
0.910.940.840.780.120.82-0.37-0.980.790.730.360.870.950.730.880.9-0.890.690.930.990.690.570.850.80.96
0.880.941.00.580.140.68-0.05-0.880.880.490.660.840.840.490.910.86-0.80.750.940.880.940.620.850.620.73
0.920.630.650.990.170.99-0.79-0.690.730.99-0.020.810.820.990.520.87-0.930.570.60.830.430.750.80.620.69
0.790.880.710.680.010.7-0.31-0.960.610.640.30.760.890.640.850.81-0.770.530.880.910.570.390.960.730.69
Click cells to compare fundamentals

Nikola Corp Account Relationship Matchups

Nikola Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets229.4M1.1B989.8M1.2B1.3B920.5M
Other Current Liab10.8M21.8M93.3M226.7M205.2M215.4M
Total Current Liabilities16.5M52.3M180.6M383.6M260.1M163.8M
Total Stockholder Equity195.5M987.5M693.6M526.5M719.2M615.6M
Other Liab13.3M8K88.3M6.7M7.7M7.4M
Net Tangible Assets127.8M932.2M591.2M526.5M605.5M454.9M
Net Debt(80.9M)(822.9M)(469.8M)149.6M(179.9M)(188.8M)
Retained Earnings(188.5M)(573.6M)(1.3B)(2.0B)(3.1B)(2.9B)
Accounts Payable5.1M29.4M87.0M93.2M44.1M47.5M
Cash85.7M840.9M497.2M233.4M465.9M389.5M
Non Current Assets Total138.5M156.8M465.1M799.7M702.4M501.1M
Non Currrent Assets Other17.4M4M28.9M162.9M50.9M53.4M
Other Assets17.4M21.7M56.5M159.5M183.4M192.6M
Cash And Short Term Investments85.7M840.9M497.2M233.4M465.9M389.5M
Net Receivables658K0.02.7M31.6M27.2M28.6M
Common Stock Total Equity27K39K41K51K58.7K34.9K
Common Stock Shares Outstanding262.5M11.2M13.3M14.7M26.7M25.3M
Liabilities And Stockholders Equity229.4M1.1B989.8M1.2B1.3B920.5M
Non Current Liabilities Total17.4M14.0M115.6M326.6M295.6M310.4M
Capital Surpluse5.0M1.6B1.9B2.6B2.9B3.1B
Inventory1.9M0.011.6M123.2M62.6M37.1M
Other Current Assets2.7M56.0M15.9M63.2M16.2M30.0M
Other Stockholder Equity384.0M1.5B1.9B2.6B3.8B4.0B
Total Liab33.9M66.2M296.2M710.2M555.7M304.9M
Total Current Assets90.9M896.9M524.7M436.9M572.4M462.6M
Accumulated Other Comprehensive Income466.6M239K(198K)(1.6M)(162K)(153.9K)
Common Stock27K39K41K51K133K139.7K
Property Plant Equipment53.4M71.4M244.4M467.7M537.8M564.7M

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.
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:
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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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.
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