Workhorse Net Debt vs Total Current Liabilities Analysis

WKHS Stock

USD 1.08 0.01 0.93%

Workhorse financial indicator trend analysis is more than just analyzing Workhorse Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Workhorse Group is a good investment. Please check the relationship between Workhorse Net Debt and its Total Current Liabilities accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Workhorse Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Net Debt vs Total Current Liabilities

Net Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Workhorse Group Net Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Workhorse's Net Debt and Total Current Liabilities is -0.24. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Workhorse Group, assuming nothing else is changed. The correlation between historical values of Workhorse's Net Debt and Total Current Liabilities 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 Workhorse Group are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Debt i.e., Workhorse's Net Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.24

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.

Total Current Liabilities

Total Current Liabilities is an item on Workhorse balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Workhorse Group are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Workhorse's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Workhorse Group 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Workhorse Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

At this time, Workhorse's Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 68.7 M in 2024, despite the fact that Tax Provision is likely to grow to (105 K).

Workhorse fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Current Deferred Revenue	Net Debt	Cash	Cash And Short Term Investments	Short Term Investments	Other Current Assets	Short Term Debt	Property Plant And Equipment Net	Common Stock Total Equity	Property Plant And Equipment Gross	Common Stock
Total Assets		0.37	0.27	0.98	-0.27	0.33	0.94	0.15	0.2	0.63	0.92	0.54	0.95	0.95	0.91	0.88	0.31	0.48	0.48	0.15	0.92	-0.01	0.25	0.43	0.24	0.33
Other Current Liab	0.37		0.76	0.32	-0.58	0.45	0.18	0.15	0.75	0.38	0.17	0.57	0.45	0.52	0.21	0.34	-0.38	0.62	0.62	0.16	0.12	0.13	0.41	0.47	0.41	0.33
Total Current Liabilities	0.27	0.76		0.21	-0.88	0.79	0.12	0.02	0.65	0.15	0.04	0.83	0.37	0.39	0.17	0.24	-0.24	0.43	0.43	0.39	0.06	0.71	0.84	0.7	0.84	0.73
Total Stockholder Equity	0.98	0.32	0.21		-0.28	0.35	0.9	0.25	0.2	0.62	0.87	0.55	0.88	0.96	0.85	0.91	0.22	0.53	0.53	0.13	0.89	-0.08	0.24	0.44	0.24	0.34
Retained Earnings	-0.27	-0.58	-0.88	-0.28		-0.95	-0.06	-0.25	-0.58	-0.15	0.07	-0.95	-0.22	-0.44	-0.04	-0.38	0.41	-0.55	-0.55	-0.38	0.01	-0.62	-0.92	-0.83	-0.94	-0.88
Accounts Payable	0.33	0.45	0.79	0.35	-0.95		0.16	0.17	0.55	0.11	0.01	0.94	0.26	0.45	0.1	0.39	-0.27	0.46	0.46	0.47	0.11	0.55	0.93	0.8	0.94	0.86
Non Current Assets Total	0.94	0.18	0.12	0.9	-0.06	0.16		-0.14	0.08	0.46	0.97	0.34	0.94	0.78	0.96	0.69	0.61	0.15	0.15	0.11	1.0	-0.01	0.15	0.27	0.13	0.2
Non Currrent Assets Other	0.15	0.15	0.02	0.25	-0.25	0.17	-0.14		-0.13	0.66	-0.05	0.27	-0.03	0.41	-0.07	0.59	-0.73	0.83	0.83	0.13	-0.14	-0.19	-0.09	0.24	-0.03	0.12
Net Receivables	0.2	0.75	0.65	0.2	-0.58	0.55	0.08	-0.13		-0.19	-0.05	0.54	0.19	0.3	-0.05	0.07	-0.3	0.34	0.34	0.14	0.01	0.09	0.55	0.47	0.54	0.39
Common Stock Shares Outstanding	0.63	0.38	0.15	0.62	-0.15	0.11	0.46	0.66	-0.19		0.57	0.32	0.61	0.73	0.58	0.81	-0.16	0.7	0.7	0.12	0.46	-0.11	-0.09	0.21	-0.07	0.08
Non Current Liabilities Total	0.92	0.17	0.04	0.87	0.07	0.01	0.97	-0.05	-0.05	0.57		0.22	0.94	0.76	0.98	0.7	0.59	0.18	0.18	0.08	0.98	-0.07	-0.02	0.14	-0.04	0.05
Other Stockholder Equity	0.54	0.57	0.83	0.55	-0.95	0.94	0.34	0.27	0.54	0.32	0.22		0.47	0.67	0.31	0.6	-0.26	0.63	0.63	0.38	0.28	0.53	0.89	0.86	0.9	0.88
Total Liab	0.95	0.45	0.37	0.88	-0.22	0.26	0.94	-0.03	0.19	0.61	0.94	0.47		0.85	0.96	0.74	0.44	0.34	0.34	0.19	0.92	0.12	0.24	0.37	0.22	0.28
Total Current Assets	0.95	0.52	0.39	0.96	-0.44	0.45	0.78	0.41	0.3	0.73	0.76	0.67	0.85		0.77	0.96	-0.02	0.73	0.73	0.18	0.75	0.0	0.32	0.54	0.33	0.41
Short Long Term Debt Total	0.91	0.21	0.17	0.85	-0.04	0.1	0.96	-0.07	-0.05	0.58	0.98	0.31	0.96	0.77		0.7	0.59	0.19	0.19	0.14	0.96	0.09	0.1	0.23	0.08	0.17
Current Deferred Revenue	0.88	0.34	0.24	0.91	-0.38	0.39	0.69	0.59	0.07	0.81	0.7	0.6	0.74	0.96	0.7		-0.09	0.77	0.77	0.16	0.68	-0.05	0.21	0.49	0.23	0.37
Net Debt	0.31	-0.38	-0.24	0.22	0.41	-0.27	0.61	-0.73	-0.3	-0.16	0.59	-0.26	0.44	-0.02	0.59	-0.09		-0.68	-0.68	-0.01	0.63	0.1	-0.1	-0.22	-0.15	-0.14
Cash	0.48	0.62	0.43	0.53	-0.55	0.46	0.15	0.83	0.34	0.7	0.18	0.63	0.34	0.73	0.19	0.77	-0.68		1.0	0.14	0.12	-0.05	0.24	0.5	0.28	0.35
Cash And Short Term Investments	0.48	0.62	0.43	0.53	-0.55	0.46	0.15	0.83	0.34	0.7	0.18	0.63	0.34	0.73	0.19	0.77	-0.68	1.0		0.14	0.12	-0.05	0.24	0.5	0.28	0.35
Short Term Investments	0.15	0.16	0.39	0.13	-0.38	0.47	0.11	0.13	0.14	0.12	0.08	0.38	0.19	0.18	0.14	0.16	-0.01	0.14	0.14		0.09	0.36	0.4	0.51	0.39	0.49
Other Current Assets	0.92	0.12	0.06	0.89	0.01	0.11	1.0	-0.14	0.01	0.46	0.98	0.28	0.92	0.75	0.96	0.68	0.63	0.12	0.12	0.09		-0.05	0.09	0.22	0.07	0.15
Short Term Debt	-0.01	0.13	0.71	-0.08	-0.62	0.55	-0.01	-0.19	0.09	-0.11	-0.07	0.53	0.12	0.0	0.09	-0.05	0.1	-0.05	-0.05	0.36	-0.05		0.73	0.45	0.72	0.63
Property Plant And Equipment Net	0.25	0.41	0.84	0.24	-0.92	0.93	0.15	-0.09	0.55	-0.09	-0.02	0.89	0.24	0.32	0.1	0.21	-0.1	0.24	0.24	0.4	0.09	0.73		0.8	1.0	0.91
Common Stock Total Equity	0.43	0.47	0.7	0.44	-0.83	0.8	0.27	0.24	0.47	0.21	0.14	0.86	0.37	0.54	0.23	0.49	-0.22	0.5	0.5	0.51	0.22	0.45	0.8		0.81	0.96
Property Plant And Equipment Gross	0.24	0.41	0.84	0.24	-0.94	0.94	0.13	-0.03	0.54	-0.07	-0.04	0.9	0.22	0.33	0.08	0.23	-0.15	0.28	0.28	0.39	0.07	0.72	1.0	0.81		0.92
Common Stock	0.33	0.33	0.73	0.34	-0.88	0.86	0.2	0.12	0.39	0.08	0.05	0.88	0.28	0.41	0.17	0.37	-0.14	0.35	0.35	0.49	0.15	0.63	0.91	0.96	0.92

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Workhorse Account Relationship Matchups

Workhorse fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	50.7M	632.5M	228.1M	182.7M	141.7M	84.1M
Other Current Liab	25.4M	11.4M	19.3M	47.1M	8.8M	7.5M
Total Current Liabilities	47.0M	17.6M	27.6M	63.3M	53.3M	55.9M
Total Stockholder Equity	(34.9M)	395.2M	174.7M	108.6M	83.1M	45.7M
Retained Earnings	(178.8M)	(109.0M)	(510.4M)	(627.6M)	(751.6M)	(714.0M)
Accounts Payable	1.7M	4.8M	7.8M	10.2M	12.5M	13.1M
Non Current Assets Total	19.2M	342.0M	11.9M	43.4M	47.8M	34.0M
Non Currrent Assets Other	129.2K	94.7K	2.5M	176.3K	202.8K	192.6K
Net Receivables	41.0K	1.0M	149.8K	17.1M	4.5M	2.3M
Common Stock Shares Outstanding	64.3M	92.9M	128.7M	7.9M	10.4M	9.8M
Liabilities And Stockholders Equity	50.7M	632.5M	228.1M	182.7M	141.7M	84.1M
Non Current Liabilities Total	38.5M	219.7M	25.9M	10.8M	5.3M	5.0M
Other Stockholder Equity	146.5M	504.1M	686.3M	736.1M	834.4M	876.1M
Total Liab	85.6M	237.3M	53.4M	74.2M	58.6M	38.4M
Total Current Assets	31.5M	290.5M	216.2M	139.4M	93.8M	52.1M
Short Long Term Debt Total	58.2M	199.1M	26.3M	10.1M	29.0M	25.1M
Current Deferred Revenue	406K	303K	14.8M	3.4M	4.7M	2.5M
Net Debt	15.2M	152.3M	(175.4M)	(89.2M)	3.2M	3.3M
Cash	23.9M	46.8M	201.6M	99.3M	25.8M	28.3M
Cash And Short Term Investments	23.9M	46.8M	201.6M	99.3M	25.8M	28.3M
Other Current Assets	5.8M	227.2M	4.4M	14.2M	18.1M	19.0M
Short Term Debt	19.6M	1.4M	363.7K	2.6M	27.3M	28.7M
Property Plant And Equipment Net	6.8M	11.4M	9.4M	33.2M	47.7M	50.1M
Common Stock Total Equity	67.1K	121.9K	151.9K	165.6K	190.4K	200.0K
Property Plant And Equipment Gross	6.8M	11.4M	14.8M	38.6M	56.8M	59.7M
Accumulated Other Comprehensive Income	(2.4M)	(2.6M)	0.0	(1.4M)	(1.3M)	(1.3M)
Common Stock	67.1K	121.9K	151.9K	165.6K	286.0K	300.3K
Inventory	1.8M	15.5M	10.1M	8.9M	45.4M	47.7M
Net Tangible Assets	(34.9M)	395.2M	174.7M	108.6M	124.9M	62.6M
Long Term Debt	8.3M	19.4M	197.7M	24.7M	28.4M	32.2M
Retained Earnings Total Equity	(178.8M)	(109.0M)	(510.4M)	(627.6M)	(564.9M)	(536.6M)
Capital Surpluse	143.8M	504.1M	686.3M	736.1M	846.5M	888.8M
Property Plant Equipment	6.8M	11.4M	9.4M	21.5M	24.7M	26.0M
Short Long Term Debt	1.3M	19.6M	1.4M	20.2M	23.2M	24.4M
Other Assets	129.2K	330.7M	2.5M	176.3K	1.0	0.95
Net Invested Capital	4.1M	594.3M	199.4M	108.6M	103.3M	159.0M

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