Nikola Net Debt vs Net Working Capital Analysis

NKLA Stock

USD 1.18 0.01 0.85%

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 Net Debt and its Net Working Capital 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.

Net Debt vs Net Working Capital

Net Debt vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nikola Corp Net Debt account and Net Working Capital. At this time, the significance of the direction appears to have pay attention.

The correlation between Nikola Corp's Net Debt and Net Working Capital is -0.96. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Working Capital 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 Net Debt and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Nikola Corp are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Net Debt i.e., Nikola Corp's Net Debt and Net Working Capital go up and down completely randomly.

Correlation Coefficient

-0.96

Relationship Direction	Negative
Relationship Strength	Significant

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Net Working Capital

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 Amortization	35.9M	37.7M
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		0.86	0.89	0.9	0.19	0.93	-0.51	-0.87	0.88	0.84	0.36	0.88	0.9	0.84	0.77	0.95	-0.98	0.73	0.84	0.95	0.73	0.75	0.91	0.88	0.92	0.79
Other Current Liab	0.86		0.94	0.6	0.07	0.67	-0.08	-0.97	0.82	0.52	0.6	0.83	0.89	0.52	0.98	0.84	-0.82	0.72	1.0	0.95	0.87	0.58	0.94	0.94	0.63	0.88
Total Current Liabilities	0.89	0.94		0.61	0.19	0.7	-0.09	-0.86	0.92	0.52	0.63	0.86	0.85	0.52	0.89	0.87	-0.83	0.79	0.93	0.88	0.93	0.67	0.84	1.0	0.65	0.71
Total Stockholder Equity	0.9	0.6	0.61		0.2	0.97	-0.82	-0.67	0.7	0.99	0.01	0.73	0.76	0.99	0.48	0.82	-0.93	0.56	0.56	0.82	0.38	0.71	0.78	0.58	0.99	0.68
Other Liab	0.19	0.07	0.19	0.2		0.21	-0.3	-0.08	0.49	0.22	0.0	0.2	0.16	0.22	-0.13	0.21	-0.27	0.72	0.04	0.16	-0.09	-0.16	0.12	0.14	0.17	0.01
Net Tangible Assets	0.93	0.67	0.7	0.97	0.21		-0.75	-0.72	0.78	0.97	0.0	0.87	0.87	0.97	0.56	0.92	-0.94	0.63	0.64	0.85	0.49	0.75	0.82	0.68	0.99	0.7
Net Debt	-0.51	-0.08	-0.09	-0.82	-0.3	-0.75		0.21	-0.32	-0.88	0.51	-0.4	-0.41	-0.88	0.07	-0.48	0.59	-0.27	-0.03	-0.39	0.2	-0.39	-0.37	-0.05	-0.79	-0.31
Retained Earnings	-0.87	-0.97	-0.86	-0.67	-0.08	-0.72	0.21		-0.75	-0.61	-0.5	-0.81	-0.91	-0.61	-0.93	-0.85	0.83	-0.67	-0.97	-0.97	-0.74	-0.49	-0.98	-0.88	-0.69	-0.96
Accounts Payable	0.88	0.82	0.92	0.7	0.49	0.78	-0.32	-0.75		0.65	0.43	0.86	0.83	0.65	0.71	0.85	-0.89	0.94	0.8	0.85	0.75	0.67	0.79	0.88	0.73	0.61
Cash	0.84	0.52	0.52	0.99	0.22	0.97	-0.88	-0.61	0.65		-0.15	0.73	0.75	1.0	0.39	0.81	-0.88	0.52	0.48	0.76	0.28	0.66	0.73	0.49	0.99	0.64
Non Current Assets Total	0.36	0.6	0.63	0.01	0.0	0.0	0.51	-0.5	0.43	-0.15		0.15	0.2	-0.15	0.65	0.22	-0.29	0.41	0.62	0.42	0.73	0.2	0.36	0.66	-0.02	0.3
Non Currrent Assets Other	0.88	0.83	0.86	0.73	0.2	0.87	-0.4	-0.81	0.86	0.73	0.15		0.97	0.73	0.76	0.96	-0.84	0.73	0.82	0.87	0.72	0.68	0.87	0.84	0.81	0.76
Other Assets	0.9	0.89	0.85	0.76	0.16	0.87	-0.41	-0.91	0.83	0.75	0.2	0.97		0.75	0.82	0.97	-0.86	0.71	0.88	0.93	0.69	0.61	0.95	0.84	0.82	0.89
Cash And Short Term Investments	0.84	0.52	0.52	0.99	0.22	0.97	-0.88	-0.61	0.65	1.0	-0.15	0.73	0.75		0.39	0.81	-0.88	0.52	0.48	0.76	0.28	0.66	0.73	0.49	0.99	0.64
Net Receivables	0.77	0.98	0.89	0.48	-0.13	0.56	0.07	-0.93	0.71	0.39	0.65	0.76	0.82	0.39		0.75	-0.71	0.57	0.98	0.88	0.9	0.57	0.88	0.91	0.52	0.85
Common Stock Total Equity	0.95	0.84	0.87	0.82	0.21	0.92	-0.48	-0.85	0.85	0.81	0.22	0.96	0.97	0.81	0.75		-0.89	0.71	0.82	0.91	0.7	0.64	0.9	0.86	0.87	0.81
Common Stock Shares Outstanding	-0.98	-0.82	-0.83	-0.93	-0.27	-0.94	0.59	0.83	-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
Short Term Investments	0.73	0.72	0.79	0.56	0.72	0.63	-0.27	-0.67	0.94	0.52	0.41	0.73	0.71	0.52	0.57	0.71	-0.77		0.69	0.75	0.58	0.42	0.69	0.75	0.57	0.53
Non Current Liabilities Total	0.84	1.0	0.93	0.56	0.04	0.64	-0.03	-0.97	0.8	0.48	0.62	0.82	0.88	0.48	0.98	0.82	-0.79	0.69		0.93	0.87	0.56	0.93	0.94	0.6	0.88
Capital Surpluse	0.95	0.95	0.88	0.82	0.16	0.85	-0.39	-0.97	0.85	0.76	0.42	0.87	0.93	0.76	0.88	0.91	-0.94	0.75	0.93		0.73	0.65	0.99	0.88	0.83	0.91
Inventory	0.73	0.87	0.93	0.38	-0.09	0.49	0.2	-0.74	0.75	0.28	0.73	0.72	0.69	0.28	0.9	0.7	-0.63	0.58	0.87	0.73		0.66	0.69	0.94	0.43	0.57
Other Current Assets	0.75	0.58	0.67	0.71	-0.16	0.75	-0.39	-0.49	0.67	0.66	0.2	0.68	0.61	0.66	0.57	0.64	-0.76	0.42	0.56	0.65	0.66		0.57	0.62	0.75	0.39
Other Stockholder Equity	0.91	0.94	0.84	0.78	0.12	0.82	-0.37	-0.98	0.79	0.73	0.36	0.87	0.95	0.73	0.88	0.9	-0.89	0.69	0.93	0.99	0.69	0.57		0.85	0.8	0.96
Total Liab	0.88	0.94	1.0	0.58	0.14	0.68	-0.05	-0.88	0.88	0.49	0.66	0.84	0.84	0.49	0.91	0.86	-0.8	0.75	0.94	0.88	0.94	0.62	0.85		0.62	0.73
Total Current Assets	0.92	0.63	0.65	0.99	0.17	0.99	-0.79	-0.69	0.73	0.99	-0.02	0.81	0.82	0.99	0.52	0.87	-0.93	0.57	0.6	0.83	0.43	0.75	0.8	0.62		0.69
Common Stock	0.79	0.88	0.71	0.68	0.01	0.7	-0.31	-0.96	0.61	0.64	0.3	0.76	0.89	0.64	0.85	0.81	-0.77	0.53	0.88	0.91	0.57	0.39	0.96	0.73	0.69

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Nikola Corp Account Relationship Matchups

Nikola Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	229.4M	1.1B	989.8M	1.2B	1.3B	920.5M
Other Current Liab	10.8M	21.8M	93.3M	226.7M	205.2M	215.4M
Total Current Liabilities	16.5M	52.3M	180.6M	383.6M	260.1M	163.8M
Total Stockholder Equity	195.5M	987.5M	693.6M	526.5M	719.2M	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	(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 Payable	5.1M	29.4M	87.0M	93.2M	44.1M	47.5M
Cash	85.7M	840.9M	497.2M	233.4M	465.9M	389.5M
Non Current Assets Total	138.5M	156.8M	465.1M	799.7M	702.4M	501.1M
Non Currrent Assets Other	17.4M	4M	28.9M	162.9M	50.9M	53.4M
Other Assets	17.4M	21.7M	56.5M	159.5M	183.4M	192.6M
Cash And Short Term Investments	85.7M	840.9M	497.2M	233.4M	465.9M	389.5M
Net Receivables	658K	0.0	2.7M	31.6M	27.2M	28.6M
Common Stock Total Equity	27K	39K	41K	51K	58.7K	34.9K
Common Stock Shares Outstanding	262.5M	11.2M	13.3M	14.7M	26.7M	25.3M
Liabilities And Stockholders Equity	229.4M	1.1B	989.8M	1.2B	1.3B	920.5M
Non Current Liabilities Total	17.4M	14.0M	115.6M	326.6M	295.6M	310.4M
Capital Surpluse	5.0M	1.6B	1.9B	2.6B	2.9B	3.1B
Inventory	1.9M	0.0	11.6M	123.2M	62.6M	37.1M
Other Current Assets	2.7M	56.0M	15.9M	63.2M	16.2M	30.0M
Other Stockholder Equity	384.0M	1.5B	1.9B	2.6B	3.8B	4.0B
Total Liab	33.9M	66.2M	296.2M	710.2M	555.7M	304.9M
Total Current Assets	90.9M	896.9M	524.7M	436.9M	572.4M	462.6M
Accumulated Other Comprehensive Income	466.6M	239K	(198K)	(1.6M)	(162K)	(153.9K)
Common Stock	27K	39K	41K	51K	133K	139.7K
Property Plant Equipment	53.4M	71.4M	244.4M	467.7M	537.8M	564.7M

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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

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Is Nikola Stock a good investment?

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What is Nikola Corp's Net Worth?

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Largest Construction Machinery & Heavy Transportation Equipment Companies

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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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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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Nikola Net Debt vs Net Working Capital Analysis

Net Debt vs Net Working Capital

Net Debt vs Net Working Capital Correlation Analysis

Correlation Coefficient

Net Debt

Net Working Capital

Nikola Corp fundamental ratios Correlations

Nikola Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nikola Corp fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Other Current Liab
Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Cash	+ 0.99	Total Stockholder Equity
Cash And Short Term Investments	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Total Stockholder Equity

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