WKHS (Workhorse Group) Cash And Cash Equivalents : $4.12 Mil (As of Dec. 2024)

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What is Workhorse Group Cash And Cash Equivalents?

Workhorse Group's quarterly cash and cash equivalents declined from Jun. 2024 ($5.31 Mil) to Sep. 2024 ($3.25 Mil) but then increased from Sep. 2024 ($3.25 Mil) to Dec. 2024 ($4.12 Mil).

Workhorse Group's annual cash and cash equivalents declined from Dec. 2022 ($99.28 Mil) to Dec. 2023 ($25.85 Mil) and declined from Dec. 2023 ($25.85 Mil) to Dec. 2024 ($4.12 Mil).

Workhorse Group Cash And Cash Equivalents Historical Data

The historical data trend for Workhorse Group's Cash And Cash Equivalents 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.

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Workhorse Group Cash And Cash Equivalents Chart

Workhorse Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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46.82

201.65

99.28

25.85

4.12

Workhorse Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															25.85	6.73	5.31	3.25	4.12

Workhorse Group Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Workhorse Group (NAS:WKHS) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Workhorse Group Cash And Cash Equivalents Related Terms

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Workhorse Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Workhorse Group Inc (NAS:WKHS) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

WKHS:Mexico 0A3U:UK 1WO:Germany

Address

3600 Park 42 Drive, Suite 160E, Sharonville, OH, USA, 45241

Website

https://www.workhorse.com

Workhorse Group Inc is a technology company with a vision to pioneer the transition to zero-emission commercial vehicles. Its focus is to provide sustainable and cost-effective solutions to the commercial transportation sector. It designs and manufactures all-electric delivery trucks and drone systems, including the technology that optimizes the way these vehicles operate. It's focused on a core competency of bringing electric delivery vehicle platforms to serve the last-mile delivery market. Its products are marketed under the Workhorse brand.

Executives

Richard F Dauch	director, officer: Chief Executive Officer	C/O SPARTAN MOTORS INC, 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
Ryan Wesley Gaul	officer: President, Commercial Vehicles	21680 HAGGERTY ROAD, NORTHVILLE MI 48167
James Peters	officer: VP, Supply Chain Management	100 COMMERCE STREET, LOVELAND OH 45140
Stanley Raymond March	officer: VP, Business Development	100 COMMERCE DRIVE, LOVELAND OH 45140
Robert M Ginnan	officer: Chief Financial Officer
Joshua Joseph Anderson	officer: Chief Technology Officer	100 COMMERCE DRIVE, LOVELAND OH 45140
James D. Harrington	officer: Chief Administrative Officer	500 NORTH FIELD DRIVE, LAKE FOREST IL 60045
Jean Botti	director	3600 PARK 42 DRIVE, SUITE 160E, SHARONVILLE OH 45241
Brandon Torres Declet	director	C/O MEASURE GLOBAL INC., 1701 RHODE ISLAND AVENUE NW, STE 05-103, WASHINGTON DC 20036
Michael Laurence Clark	director	828 PRESIDENT STREET, BROOKLYN NY 11215
Jacqueline A Dedo	director	3939 TECHNOLOGY DRIVE, MAUMEE OH 43537
Raymond Joseph Chess	director	1084 ANDANTE CT, OXFORD MI 48370
Harry Demott	director	C/O WORKHORSE GROUP INC.,, 100 COMMERCE DRIVE, LOVELAND OH 45140
Austin Scott Miller	director	100 COMMERCE STREET, LOVELAND OH 45140
Pamela S. Mader	director	2522 N 600 E, CRAIGVILLE IN 46731