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Nikola Corporation  (NKLA)
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Nikola's Quick Ratio

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


Nikola's Cash & cash equivalent grew by 27.98 % in the IV Quarter 2023 sequentially, while Current Liabilities decreased, this led to improvement in Nikola's Quick Ratio to 1.79, Quick Ratio remained below Nikola Corporation average.

Within EV, Auto & Truck Manufacturers industry 5 other companies have achieved higher Quick Ratio than Nikola in forth quarter 2023. While Quick Ratio total ranking has improved so far during the IV Quarter 2023 to 555, from total ranking in the third quarter 2023 at 1491.

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


NKLA Quick Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change -32.19 % 5.61 % -8.07 % 50.58 % 112.39 %
Y / Y Cash & cash equivalent Change 90.95 % 15.09 % -48.55 % -63.42 % -50.93 %
Quick Ratio MRQ 1.79 1.24 0.97 0.48 0.64
NKLA's Total Ranking # 555 # 1491 # 590 # 3010 # 690
Seq. Current Liabilities Change -11.27 % 25.74 % -15.69 % -27.91 % 38.19 %
Seq. Cash & cash equivalent Change 27.98 % 60.19 % 72.52 % -46.01 % -22.86 %



Quick Ratio forth quarter 2023 Company Ranking
Within: No.
EV, Auto & Truck Manufacturers Industry # 6
Consumer Discretionary Sector # 12
Overall Market # 555


Quick Ratio Statistics
High Average Low
23.11 5.42 0.48
(Jun 30 2020)   (Mar 31 2023)




Financial Statements
Nikola's Current Liabilities $ 260 Millions Visit NKLA's Balance sheet
Nikola's Cash & cash equivalent $ 466 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 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth -32.19 % 5.61 % -8.07 % 50.58 % 112.39 %
Y / Y Cash & cash equivalent TTM Growth 90.95 % 15.09 % -48.55 % -63.42 % -50.93 %
Quick Ratio TTM 1.12 0.82 0.79 0.95 1.24
Total Ranking TTM # 286 # 1127 # 869 # 4563 # 1516
Seq. Current Liabilities TTM Growth -11.27 % 25.74 % -15.69 % -27.91 % 38.19 %
Seq. Cash & cash equivalent TTM Growth 27.98 % 60.19 % 72.52 % -46.01 % -22.86 %


On the trailing twelve months basis NKLA Cash & cash equivalent soared by 90.95 % in IV Quarter 2023 year on year, while Current Liabilities fell to $260 millions, this led to increase in in Nikola's Quick Ratio to 1.12, 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 2 other companies have achieved higher Quick Ratio than Nikola. While Quick Ratio overall ranking has improved so far to 286, from total ranking during the twelve months ending third quarter 2023 at 1127.

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 # 3
Consumer Discretionary Sector # 7
Within the Market # 286


trailing twelve months Quick Ratio Statistics
High Average Low
21.49 6.66 0
(Jun 30 2020)   (Dec 31 2019)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within EV, Auto & Truck Manufacturers Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 31 2023 MRQ Current Liabilities
Rivian Automotive Inc   4.41 $ 9,368.000  Millions$ 2,126.000  Millions
Lucid Group Inc   3.86 $ 3,859.745  Millions$ 1,000.208  Millions
Ree Automotive Ltd   2.61 $ 85.627  Millions$ 32.768  Millions
Nikola Corporation  1.79 $ 465.939  Millions$ 260.105  Millions
Tesla Inc   1.01 $ 29,094.000  Millions$ 28,748.000  Millions
Stellantis N v   0.60 $ 49,807.520  Millions$ 82,812.800  Millions
Workhorse Group Inc   0.49 $ 25.846  Millions$ 53.282  Millions
Ford Motor Co  0.40 $ 40,171.000  Millions$ 101,531.000  Millions

Date modified: 2024-02-29T15:26:50+00:00



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