Workhorse Group (Workhorse Group) Cash-to-Debt

: 0.89 (As of Dec. 2023)

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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Workhorse Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.89.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Workhorse Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Workhorse Group's Cash-to-Debt or its related term are showing as below:

WKHS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.53 Max: 9.81
Current: 0.89

During the past 13 years, Workhorse Group's highest Cash to Debt Ratio was 9.81. The lowest was 0.12. And the median was 0.53.

WKHS's Cash-to-Debt is ranked better than
59.43% of 1294 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs WKHS: 0.89

Workhorse Group Cash-to-Debt Historical Data

The historical data trend for Workhorse Group's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Workhorse Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.61

0.24

7.68

9.81

0.89

Workhorse Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																9.81	8.03	6.52	4.22	0.89

Competitive Comparison

For the Auto Manufacturers subindustry, Workhorse Group's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Workhorse Group Cash-to-Debt Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Workhorse Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Workhorse Group's Cash-to-Debt falls into.

Workhorse Group Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Workhorse Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	25.846	/	(23.741	+	5.281)
	=	0.89

Workhorse Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	25.846	/	(23.741	+	5.281)
	=	0.89

Workhorse Group (NAS:WKHS) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Workhorse Group Cash-to-Debt Related Terms

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Workhorse Group (Workhorse Group) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

WKHS:Mexico 1WO:Germany 1WO:Germany 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. It designs, develops, manufactures, and sells high-performance, medium-duty trucks with powertrain components under the Workhorse chassis brand. The company's products include trucks comprising powertrain and chassis. Its powertrain products include E-GEN and E-100. E-GEN is an electric drive, transmission-free system, which has a gasoline/propane or compressed natural gas (CNG) engine that functions as an auxiliary generator. E-100, an all-electric, medium-duty truck, is an electric power train. The company generates key revenue from the Automotive Revenue which consists of sales of any of its E-GEN or E-100 platforms.

Executives

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
Stanley Raymond March	officer: VP, Business Development	100 COMMERCE DRIVE, LOVELAND OH 45140
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
Richard F Dauch	director, officer: Chief Executive Officer	C/O SPARTAN MOTORS INC, 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
Harry Demott	director	C/O WORKHORSE GROUP INC.,, 100 COMMERCE DRIVE, LOVELAND OH 45140
Austin Scott Miller	director	100 COMMERCE STREET, LOVELAND OH 45140
James Peters	officer: VP, Supply Chain Management	100 COMMERCE STREET, LOVELAND OH 45140
Pamela S. Mader	director	2522 N 600 E, CRAIGVILLE IN 46731
Quigley William G Iii	director
Joshua Joseph Anderson	officer: Chief Technology Officer	100 COMMERCE DRIVE, LOVELAND OH 45140
Ryan Wesley Gaul	officer: President, Commercial Vehicles	21680 HAGGERTY ROAD, NORTHVILLE MI 48167
John Wesley Graber	officer: President, Aerospace	C/O ABX AIR, INC., 145 HUNTER DRIVE, WILMINGTON OH 45039