Canoo Quick Ratio from 2010 to 2024

GOEV Stock  USD 0.42  0.03  6.67%   
Canoo Quick Ratio yearly trend continues to be fairly stable with very little volatility. Quick Ratio will likely drop to 0.14 in 2024. Quick Ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. View All Fundamentals
 
Quick Ratio  
First Reported
2010-12-31
Previous Quarter
0.1431197
Current Value
0.14
Quarterly Volatility
6.52105483
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Canoo financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canoo's main balance sheet or income statement drivers, such as Interest Expense of 7 M, Tax Provision of 0.0 or Depreciation And Amortization of 11.2 M, as well as many indicators such as Price To Sales Ratio of 183, Dividend Yield of 0.0 or PTB Ratio of 0.56. Canoo financial statements analysis is a perfect complement when working with Canoo Valuation or Volatility modules.
  
Check out the analysis of Canoo Correlation against competitors.

Latest Canoo's Quick Ratio Growth Pattern

Below is the plot of the Quick Ratio of Canoo Inc over the last few years. It is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. Canoo's Quick Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Canoo's overall financial position and show how it may be relating to other accounts over time.
Quick Ratio10 Years Trend
Pretty Stable
   Quick Ratio   
       Timeline  

Canoo Quick Ratio Regression Statistics

Arithmetic Mean2.10
Geometric Mean0.11
Coefficient Of Variation310.07
Mean Deviation3.26
Median0.03
Standard Deviation6.52
Sample Variance42.52
Range25.4095
R-Value0.23
Mean Square Error43.37
R-Squared0.05
Significance0.41
Slope0.34
Total Sum of Squares595.34

Canoo Quick Ratio History

2023 0.14
2022 0.23
2021 2.34
2020 25.44
2019 3.01

About Canoo Financial Statements

Canoo investors use historical fundamental indicators, such as Canoo's Quick Ratio, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Canoo. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Quick Ratio 0.14  0.14 

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Additional Tools for Canoo Stock Analysis

When running Canoo's price analysis, check to measure Canoo'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 Canoo is operating at the current time. Most of Canoo's value examination focuses on studying past and present price action to predict the probability of Canoo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoo's price. Additionally, you may evaluate how the addition of Canoo to your portfolios can decrease your overall portfolio volatility.