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Nikola (Nikola) Total Current Liabilities : $260.11 Mil (As of Dec. 2023)


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What is Nikola Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Nikola's total current liabilities for the quarter that ended in Dec. 2023 was $260.11

Nikola Total Current Liabilities Historical Data

The historical data trend for Nikola's Total Current Liabilities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nikola Total Current Liabilities Chart

Nikola Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial 16.54 52.27 180.61 383.59 260.11

Nikola Quarterly Data
Dec18 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 383.59 276.54 233.14 293.14 260.11

Nikola Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

Nikola's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=74.742+10.817
+Other Current Liabilities+Current Deferred Liabilities
=165.904+8.642
=260.11

Nikola's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=74.742+10.817
+Other Current Liabilities+Current Deferred Liabilities
=165.904+8.642
=260.11

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Nikola Total Current Liabilities Related Terms

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Nikola (Nikola) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Nikola Corp (NAS:NKLA) » Definitions » Total Current Liabilities
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WNC ASTE CMCO REVG TWI HY LNN MTW SHYF GENC CAT DE PCAR OSTO:VOLV A TSE:6201 TSE:6301 XAMS:EXO OSTO:EPI A SHSE:600031 TSE:6326
Traded in Other Exchanges
NKLA:Mexico 1NKLA:Italy 0A3R:UK 8NI:Germany NKLA:Austria
Address
4141 East Broadway Road, Phoenix, AZ, USA, 85040
Website
https://www.nikolamotor.com
Nikola Corp is a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure.
Executives
Joseph S. Cappello officer: President of Energy 13001 BAY PARK ROAD, PASADENA TX 77507
Anastasiya Pasterick officer: Chief Financial Officer 4141 E BROADWAY ROAD, PHOENIX AZ 85040
John C Vesco director 4141 E BROADWAY ROAD, PHOENIX AZ 85040
Carey Mendes officer: President, Energy 4141 E BROADWAY ROAD, PHOENIX AZ 85040
Michael Lohscheller officer: President, Nikola Motor Div. 4141 E BROADWAY ROAD, PHONEIX AZ 85040
Joseph R. Pike officer: Chief Human Resources Officer 4141 E BROADWAY ROAD, PHOENIX AZ 85040
Britton M. Worthen officer: Chief Legal Officer 4141 E BROADWAY ROAD, PHOENIX AZ 85040
Mark A Russell director, 10 percent owner, officer: President and CEO 200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Andrew Vesey director 4300 WILSON BOULEVARD, ARLINGTON VA 22203
Trevor R. Milton director, 10 percent owner, officer: Executive Chairman 4141 E BROADWAY ROAD, PHOENIX AZ 85040
Lynn Forester director C/O ESTEE LAUDER COMPANIES INC, 767 FIFTH AVENUE, NEW YORK NY 10153
Pablo M. Koziner officer: President, Nikola Energy 4141 E BROADWAY ROAD, PHOENIX AZ 85040
Mary L Petrovich director
Bruce L. Smith director 4141 E BROADWAY ROAD, PHOENIX AZ 85040
Jeffrey W Ubben director 1170 GORGAS AVENUE, SAN FRANCISCO CA 94129

Nikola (Nikola) Headlines

From GuruFocus

ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Nikola Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - NKLA

By PRNewswire • 11-20-2023

SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Nikola Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 12, 2023 - (NASDAQ: NKLA)

By PRNewswire • 11-28-2023

SHAREHOLDER ALERT: Levi & Korsinsky Notifies Nikola Corporation(NKLA) Investors of a Class Action Lawsuit and Upcoming Deadline

By PRNewswire • 12-05-2023

SHAREHOLDER ALERT: The Law Offices of Vincent Wong Remind Nikola Investors of a Lead Plaintiff Deadline of December 12, 2023

By PRNewswire • 11-17-2023

NIKOLA CORPORATION ANNOUNCES PROPOSED OFFERINGS OF COMMON STOCK AND CONVERTIBLE SENIOR NOTES

By PRNewswire • 12-06-2023

SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Nikola Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 12, 2023 - (NASDAQ: NKLA)

By PRNewswire • 11-21-2023

NKLA DEADLINE TUESDAY: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Nikola Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action -- NKLA

By Business Wire • 12-10-2023

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Nikola Corporation of Class Action Lawsuit and Upcoming Deadline - NKLA

By PRNewswire • 11-19-2023

SHAREHOLDER ALERT: Levi & Korsinsky Notifies Nikola Corporation(NKLA) Investors of a Class Action Lawsuit and Upcoming Deadline

By PRNewswire • 11-16-2023

NKLA Investors Have Opportunity to Lead Nikola Corporation Securities Fraud Lawsuit

By PRNewswire • 11-21-2023