Canoo (GOEV) Debt-to-Equity: 0.36 (As of Sep. 2024)

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GOEV Canoo Inc GOEV
23 GF Score
Price $0.37
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What is Canoo Debt-to-Equity?

Canoo GOEV 23 Debt-to-Equity is 0.36 as of Sep. 2024. GuruFocus rates GOEV with a GF Score™ of 23/100.

Canoo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $46.01 Mil. Canoo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $33.16 Mil. Canoo's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $221.96 Mil. Canoo's debt to equity for the quarter that ended in Sep. 2024 was 0.36.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

GOEV's Debt-to-Equity is not ranked *
in the Vehicles & Parts industry.
Industry Median: 0.46
* Ranked among companies with meaningful Debt-to-Equity only.

Canoo  (OTCPK:GOEV) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Canoo Debt-to-Equity Related Terms

Canoo Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Canoo's Debt-to-Equity 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.

Canoo Debt-to-Equity Chart

Canoo Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
-1.79 0.04 0.04 0.31 0.35

Canoo Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Equity 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 0.72 0.35 0.53 0.43 0.36

GOEV vs DMN, EVTV, ZAPP: Debt-to-Equity Comparison

For the Auto Manufacturers subindustry, Canoo's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Canoo Debt-to-Equity vs Vehicles & Parts Industry

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

* The bar in red indicates where Canoo's Debt-to-Equity falls into.


GOEV
23GF Score
Canoo Inc GOEV
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Canoo Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canoo's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(51.18 + 35.722) / 249.576
=0.35

Canoo's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(46.005 + 33.158) / 221.959
=0.36

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.36 mean?
Canoo (GOEV) has a Debt-to-Equity of 0.36 as of Sep. 2024. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Canoo and its competitors.
Is Canoo's Debt-to-Equity too high?
Canoo's current Debt-to-Equity is 0.36. The Vehicles & Parts industry median Debt-to-Equity is 0.46. Canoo's value of 0.36 is 21.7% below this industry median. Overall, Canoo has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Canoo's Debt-to-Equity compare to DMN and EVTV?
Canoo's Debt-to-Equity of 0.36 can be compared against companies in the Vehicles & Parts industry. The industry median Debt-to-Equity is 0.46. Canoo's value of 0.36 is 21.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Vehicles & Parts company?
The median Debt-to-Equity among Vehicles & Parts companies is 0.46, based on 1,218 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canoo's current Debt-to-Equity of 0.36 is 21.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Canoo and its competitors. For the Vehicles & Parts industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canoo's current Debt-to-Equity is 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canoo stock overvalued right now?
Canoo (GOEV) has a current Debt-to-Equity of 0.36. The current Debt-to-Equity is 0.36 and 21.7% below the Vehicles & Parts industry median of 0.46. Canoo's overall GF Score™ is 23/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Canoo (GOEV), the current Debt-to-Equity is 0.36 as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Canoo Business Description

Address 19951 Mariner Avenue, Torrance, CA, USA, 90503
Canoo Inc is a mobility technology company providing with a proprietary modular electric vehicle platform and connected services initially focused on commercial fleet, government and military customers. The Company has developed a breakthrough EV platform that it believes will enable it to rapidly iterate and bring new products, addressing multiple use cases, to market faster than competition and at lower cost.
23GF Score

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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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