NikolaCorp Net Debt vs Short Term Investments Analysis

NKLA Stock

USD 0.51 0.01 1.92%

NikolaCorp financial indicator trend analysis is infinitely more than just investigating NikolaCorp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NikolaCorp is a good investment. Please check the relationship between NikolaCorp Net Debt and its Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NikolaCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

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

Net Debt vs Short Term Investments

Net Debt vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NikolaCorp Net Debt account and Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between NikolaCorp's Net Debt and Short Term Investments is -0.27. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of NikolaCorp, assuming nothing else is changed. The correlation between historical values of NikolaCorp's Net Debt and Short Term Investments 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 NikolaCorp are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Debt i.e., NikolaCorp's Net Debt and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.27

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

Short Term Investments

Short Term Investments is an item under the current assets section of NikolaCorp balance sheet. It contains any investments NikolaCorp undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that NikolaCorp can easily liquidate in the marketplace.

Most indicators from NikolaCorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NikolaCorp 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 NikolaCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For information on how to trade NikolaCorp Stock refer to our How to Trade NikolaCorp Stock guide.The current year's Selling General Administrative is expected to grow to about 202.3 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

NikolaCorp 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		0.85	0.89	0.9	0.19	0.93	-0.5	-0.87	0.86	0.84	0.38	0.87	0.9	0.84	0.78	0.95	0.86	0.73	0.83	0.95	0.73	0.63	0.92	0.88	0.91	0.8
Other Current Liab	0.85		0.9	0.61	0.08	0.67	-0.12	-0.99	0.79	0.54	0.59	0.78	0.89	0.54	0.96	0.83	0.87	0.7	1.0	0.95	0.81	0.7	0.96	0.91	0.64	0.93
Total Current Liabilities	0.89	0.9		0.61	0.19	0.7	-0.09	-0.86	0.94	0.52	0.64	0.85	0.85	0.52	0.89	0.87	0.8	0.79	0.91	0.88	0.93	0.87	0.84	0.99	0.65	0.71
Total Stockholder Equity	0.9	0.61	0.61		0.2	0.97	-0.82	-0.67	0.65	0.99	0.03	0.73	0.76	0.99	0.48	0.82	0.68	0.56	0.57	0.82	0.38	0.29	0.78	0.58	0.99	0.68
Other Liab	0.19	0.08	0.19	0.2		0.21	-0.3	-0.08	0.41	0.22	0.0	0.21	0.16	0.22	-0.13	0.21	0.08	0.72	0.03	0.16	-0.09	0.09	0.12	0.13	0.17	0.01
Net Tangible Assets	0.93	0.67	0.7	0.97	0.21		-0.75	-0.72	0.74	0.97	0.02	0.87	0.87	0.97	0.56	0.92	0.71	0.63	0.63	0.85	0.49	0.37	0.82	0.68	0.99	0.7
Net Debt	-0.5	-0.12	-0.09	-0.82	-0.3	-0.75		0.21	-0.23	-0.88	0.49	-0.4	-0.41	-0.88	0.07	-0.48	-0.27	-0.27	-0.04	-0.39	0.2	0.25	-0.38	-0.05	-0.79	-0.31
Retained Earnings	-0.87	-0.99	-0.86	-0.67	-0.08	-0.72	0.21		-0.74	-0.61	-0.52	-0.78	-0.91	-0.61	-0.93	-0.85	-0.91	-0.67	-0.98	-0.97	-0.74	-0.61	-0.98	-0.88	-0.69	-0.96
Accounts Payable	0.86	0.79	0.94	0.65	0.41	0.74	-0.23	-0.74		0.59	0.48	0.86	0.81	0.59	0.74	0.83	0.62	0.91	0.79	0.83	0.81	0.84	0.77	0.89	0.69	0.58
Cash	0.84	0.54	0.52	0.99	0.22	0.97	-0.88	-0.61	0.59		-0.13	0.73	0.75	1.0	0.39	0.81	0.62	0.52	0.48	0.76	0.28	0.17	0.73	0.5	0.99	0.64
Non Current Assets Total	0.38	0.59	0.64	0.03	0.0	0.02	0.49	-0.52	0.48	-0.13		0.15	0.22	-0.13	0.66	0.24	0.5	0.41	0.62	0.44	0.74	0.8	0.38	0.68	0.0	0.33
Non Currrent Assets Other	0.87	0.78	0.85	0.73	0.21	0.87	-0.4	-0.78	0.86	0.73	0.15		0.96	0.73	0.73	0.95	0.7	0.73	0.77	0.84	0.71	0.57	0.84	0.82	0.8	0.72
Other Assets	0.9	0.89	0.85	0.76	0.16	0.87	-0.41	-0.91	0.81	0.75	0.22	0.96		0.75	0.82	0.97	0.82	0.71	0.88	0.93	0.69	0.53	0.95	0.84	0.82	0.89
Cash And Short Term Investments	0.84	0.54	0.52	0.99	0.22	0.97	-0.88	-0.61	0.59	1.0	-0.13	0.73	0.75		0.39	0.81	0.62	0.52	0.48	0.76	0.28	0.17	0.73	0.5	0.99	0.64
Net Receivables	0.78	0.96	0.89	0.48	-0.13	0.56	0.07	-0.93	0.74	0.39	0.66	0.73	0.82	0.39		0.75	0.8	0.57	0.98	0.88	0.9	0.78	0.88	0.91	0.52	0.85
Common Stock Total Equity	0.95	0.83	0.87	0.82	0.21	0.92	-0.48	-0.85	0.83	0.81	0.24	0.95	0.97	0.81	0.75		0.86	0.71	0.81	0.91	0.7	0.53	0.91	0.87	0.87	0.81
Common Stock Shares Outstanding	0.86	0.87	0.8	0.68	0.08	0.71	-0.27	-0.91	0.62	0.62	0.5	0.7	0.82	0.62	0.8	0.86		0.55	0.85	0.87	0.66	0.47	0.89	0.85	0.69	0.88
Short Term Investments	0.73	0.7	0.79	0.56	0.72	0.63	-0.27	-0.67	0.91	0.52	0.41	0.73	0.71	0.52	0.57	0.71	0.55		0.67	0.75	0.58	0.67	0.69	0.74	0.57	0.53
Non Current Liabilities Total	0.83	1.0	0.91	0.57	0.03	0.63	-0.04	-0.98	0.79	0.48	0.62	0.77	0.88	0.48	0.98	0.81	0.85	0.67		0.93	0.85	0.74	0.94	0.93	0.6	0.9
Capital Surpluse	0.95	0.95	0.88	0.82	0.16	0.85	-0.39	-0.97	0.83	0.76	0.44	0.84	0.93	0.76	0.88	0.91	0.87	0.75	0.93		0.73	0.63	0.99	0.88	0.83	0.91
Inventory	0.73	0.81	0.93	0.38	-0.09	0.49	0.2	-0.74	0.81	0.28	0.74	0.71	0.69	0.28	0.9	0.7	0.66	0.58	0.85	0.73		0.93	0.69	0.94	0.43	0.57
Other Current Assets	0.63	0.7	0.87	0.29	0.09	0.37	0.25	-0.61	0.84	0.17	0.8	0.57	0.53	0.17	0.78	0.53	0.47	0.67	0.74	0.63	0.93		0.55	0.85	0.32	0.39
Other Stockholder Equity	0.92	0.96	0.84	0.78	0.12	0.82	-0.38	-0.98	0.77	0.73	0.38	0.84	0.95	0.73	0.88	0.91	0.89	0.69	0.94	0.99	0.69	0.55		0.85	0.8	0.96
Total Liab	0.88	0.91	0.99	0.58	0.13	0.68	-0.05	-0.88	0.89	0.5	0.68	0.82	0.84	0.5	0.91	0.87	0.85	0.74	0.93	0.88	0.94	0.85	0.85		0.63	0.74
Total Current Assets	0.91	0.64	0.65	0.99	0.17	0.99	-0.79	-0.69	0.69	0.99	0.0	0.8	0.82	0.99	0.52	0.87	0.69	0.57	0.6	0.83	0.43	0.32	0.8	0.63		0.69
Common Stock	0.8	0.93	0.71	0.68	0.01	0.7	-0.31	-0.96	0.58	0.64	0.33	0.72	0.89	0.64	0.85	0.81	0.88	0.53	0.9	0.91	0.57	0.39	0.96	0.74	0.69

Click cells to compare fundamentals

NikolaCorp Account Relationship Matchups

NikolaCorp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	229.4M	1.1B	989.8M	1.2B	1.3B	926.4M
Other Current Liab	10.8M	18.8M	85.2M	173.4M	196.5M	206.3M
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	(181.1M)	(190.1M)
Retained Earnings	(188.5M)	(573.6M)	(1.3B)	(2.0B)	(3.1B)	(2.9B)
Accounts Payable	5.1M	29.4M	87.0M	117.9M	44.1M	52.0M
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	734.7M	507.0M
Non Currrent Assets Other	17.4M	4M	28.9M	162.9M	23.3M	24.4M
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	31.9M	27.2M	28.6M
Common Stock Total Equity	27K	39K	41K	51K	58.7K	34.9K
Common Stock Shares Outstanding	262.5M	335.3M	398.8M	441.8M	800.0M	451.9M
Liabilities And Stockholders Equity	229.4M	1.1B	989.8M	1.2B	1.3B	926.4M
Non Current Liabilities Total	17.4M	14.0M	115.6M	326.6M	327.4M	343.7M
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	5.4M	15.9M	37.8M	16.2M	16.1M
Other Stockholder Equity	384.0M	1.6B	1.9B	2.6B	3.8B	4.0B
Total Liab	33.9M	66.2M	296.2M	710.2M	587.5M	310.8M
Total Current Assets	90.9M	896.9M	524.7M	436.9M	571.9M	462.5M
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 NikolaCorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NikolaCorp'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 Nikolacorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nikolacorp Stock:

How To Invest In NikolaCorp

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Is NikolaCorp Stock a good investment?

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What is NikolaCorp's Net Worth?

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

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

You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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When running NikolaCorp's price analysis, check to measure NikolaCorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NikolaCorp is operating at the current time. Most of NikolaCorp's value examination focuses on studying past and present price action to predict the probability of NikolaCorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NikolaCorp's price. Additionally, you may evaluate how the addition of NikolaCorp to your portfolios can decrease your overall portfolio volatility.

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Is NikolaCorp's industry 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 NikolaCorp. If investors know NikolaCorp 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 NikolaCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(1.06)

Revenue Per Share

0.033

Quarterly Revenue Growth

(0.30)

Return On Assets

(0.35)

Return On Equity

(1.53)

The market value of NikolaCorp is measured differently than its book value, which is the value of NikolaCorp that is recorded on the company's balance sheet. Investors also form their own opinion of NikolaCorp's value that differs from its market value or its book value, called intrinsic value, which is NikolaCorp'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 NikolaCorp's market value can be influenced by many factors that don't directly affect NikolaCorp'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 NikolaCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if NikolaCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NikolaCorp'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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NikolaCorp Net Debt vs Short Term Investments Analysis

Net Debt vs Short Term Investments

Net Debt vs Short Term Investments Correlation Analysis

Correlation Coefficient

Net Debt

Short Term Investments

NikolaCorp fundamental ratios Correlations

NikolaCorp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NikolaCorp fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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

Retained Earnings	- 0.99	Other Current Liab
Other Stockholder Equity	- 0.98	Retained Earnings
Non Current Liabilities Total	- 0.98	Retained Earnings
Capital Surpluse	- 0.97	Retained Earnings
Common Stock	- 0.96	Retained Earnings
Net Receivables	- 0.93	Retained Earnings