Nikola Quick Ratio (NKLA) starting from the fourth quarter 2024 to fourth quarter 2023, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Nikola Corporation  (NKLA)

Nikola's Quick Ratio

NKLA's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Current Liabilities decreased faster than Nikola's Cash & cash equivalent, this led to improvement in Nikola's Quick Ratio to 1.72, Quick Ratio remained below Nikola Corporation average.

Within EV, Auto & Truck Manufacturers industry 10 other companies have achieved higher Quick Ratio than Nikola in fourth quarter 2024. While Quick Ratio total ranking in the fourth quarter 2024 has deteriorated compared to the prior quarter from 1374 to 1542.

Explain Quick Ratio?
How much Cash & cash equivalents NKLA´s has?
What are NKLA´s Current Liabilities?



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NKLA Quick Ratio (Dec 31 2024)
Q4		 (Sep 30 2024)
Q3		 (Jun 30 2024)
Q2		 (Mar 31 2024)
Q1		 (Dec 31 2023)
Q4
Y / Y Current Liabilities Change -75.78 % -64.16 % -40.77 % -53.88 % -32.15 %
Y / Y Cash & cash equivalent Change -76.7 % -44.61 % 17.27 % 166.4 % 93.84 %
Quick Ratio MRQ 1.72 1.55 1.84 2.63 1.79
NKLA's Total Ranking # 1542 # 1374 # 422 # 124 # 555
Seq. Current Liabilities Change -51.63 % -9.93 % 9.73 % -49.32 % -28.44 %
Seq. Cash & cash equivalent Change -46.16 % -24.33 % -23.16 % -25.56 % 27.98 %



Quick Ratio fourth quarter 2024 Company Ranking
Within: No.
EV, Auto & Truck Manufacturers Industry # 11
Consumer Discretionary Sector # 23
Overall Market # 1542


Quick Ratio Statistics
High Average Low
27.01 5.8 0.48
(Jun 30 2018)   (Mar 31 2023)




Financial Statements
Nikola's Current Liabilities $ 63 Millions Visit NKLA's Balance sheet
Nikola's Cash & cash equivalent $ 109 Millions Visit NKLA's Balance sheet
Source of NKLA's Sales Visit NKLA's Sales by Geography


Cumulative Nikola's Quick Ratio

NKLA's Quick Ratio for the trailling 12 Months

NKLA Quick Ratio

 (Dec 31 2024)
12 Months		 (Sep 30 2024)
12 Months		 (Jun 30 2024)
12 Months		 (Mar 31 2024)
12 Months		 (Dec 31 2023)
12 Months
Y / Y Current Liabilities TTM Growth -59.28 % -47.77 % -24.7 % -17.18 % 4.42 %
Y / Y Cash & cash equivalent TTM Growth -22.22 % 33.17 % 57.89 % 24.41 % -12.59 %
Quick Ratio TTM 1.97 1.92 1.6 1.4 1.03
Total Ranking TTM # 3982 # 3464 # 3451 # 1359 # 3666
Seq. Current Liabilities TTM Growth -29.56 % -25.91 % -9.96 % -13.35 % -9.65 %
Seq. Cash & cash equivalent TTM Growth -27.9 % -11.25 % 2.8 % 18.24 % 23.45 %

Quick ratio ranking by company, industry and sector >> Back to NKLA Financial Strength Comparisons >> Go to Compare NKLA Quick Ratio to its Competitors

On the trailing twelve months basis Current Liabilities decreased faster than Nikola's average Cash & cash equivalent, this led to increase in in Nikola's Quick Ratio to 1.97, Quick Ratio remained below NKLA average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within EV, Auto & Truck Manufacturers industry 26 other companies have achieved higher Quick Ratio than Nikola. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2024 from 3464 to 3982.

Explain Quick Ratio?
How much Cash & cash equivalents NKLA´s has?
What are NKLA´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the EV, Auto & Truck Manufacturers Industry # 27
Consumer Discretionary Sector # 173
Within the Market # 3982


trailing twelve months Quick Ratio Statistics
High Average Low
21.49 5.61 0
(Jun 30 2020)   (Dec 31 2019)




Companies with similar Quick Ratio in the quarter ending Dec 31 2024, within EV, Auto & Truck Manufacturers Industry Quick RatioDec 31 2024 MRQ Cash & cash equivalentDec 31 2024 MRQ Current Liabilities
Ree Automotive Ltd   3.71 $ 72.262  Millions$ 19.475  Millions
Lucid Group Inc   3.17 $ 4,030.968  Millions$ 1,270.981  Millions
Nio inc   2.06 $ 5,724.825  Millions$ 2,773.994  Millions
Nikola Corporation  1.72 $ 108.586  Millions$ 63.007  Millions
Tesla Inc   1.03 $ 36,563.000  Millions$ 35,537.000  Millions
Nwtn Inc  0.73 $ 101.720  Millions$ 139.230  Millions
Xpeng Inc   0.63 $ 2,871.628  Millions$ 4,572.352  Millions
Kandi Technologies Group Inc   0.56 $ 42.789  Millions$ 77.071  Millions
Empery Digital Inc   0.47 $ 2.194  Millions$ 4.637  Millions
Stellantis N v   0.47 $ 39,772.320  Millions$ 84,208.320  Millions
Gogoro Inc   0.46 $ 117.148  Millions$ 253.750  Millions
Federal Signal Corporation  0.44 $ 91.100  Millions$ 206.000  Millions
Fly-E Group, Inc.  0.42 $ 0.784  Millions$ 1.861  Millions
Zeekr Intelligent Technology Holding Limited  0.42 $ 1,066.243  Millions$ 2,558.203  Millions
Niu Technologies  0.38 $ 86.313  Millions$ 226.314  Millions
Cenntro Inc   0.37 $ 13.834  Millions$ 37.895  Millions

Date modified: 2026-09-08T15:11:34+00:00



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