Nikola (MEX:NKLA) Total Assets: MXN12,434 Mil (As of Dec. 2024)


MEX:NKLA Nikola Corp MEX:NKLA
12 GF Score
Price MXN3.79
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What is Nikola Total Assets?

Nikola MEX:NKLA 12 Total Assets is MXN12,434 Mil as of Dec. 2024. GuruFocus rates MEX:NKLA with a GF Score™ of 12/100.

Nikola's Total Assets for the quarter that ended in Dec. 2024 was MXN12,434 Mil.

Total Assets is connected with ROA %. Nikola's annualized ROA % for the quarter that ended in Dec. 2024 was -242.42%. Total Assets is also linked to Revenue through Asset Turnover. Nikola's Asset Turnover for the quarter that ended in Dec. 2024 was 0.01.

Nikola  (MEX:NKLA) Total Assets Explanation

Total Assets is connected with ROA %.

Nikola's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %=Net Income (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=-39797.012/( (20399.997+12433.689)/ 2 )
=-39797.012/16416.843
=-242.42 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Nikola's Asset Turnover for the quarter that ended in Dec. 2024 is

Asset Turnover
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=101.463/( (20399.997+12433.689)/ 2 )
=101.463/16416.843
=0.01

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Nikola Total Assets Related Terms

Nikola Total Assets Historical Data

* Premium members only.

The historical data trend for Nikola's Total Assets 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.

Nikola Total Assets Chart

Nikola Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Total Assets
Get a 7-Day Free Trial 20,960.46 20,305.15 24,109.88 21,639.74 12,433.69

Nikola Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Total Assets 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 21,639.74 19,121.43 20,333.74 20,400.00 12,433.69
MEX:NKLA
12GF Score
Nikola Corp MEX:NKLA
Total Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Nikola Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Nikola's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Assets=Total Equity (A: Dec. 2024 )+Total Liabilities (A: Dec. 2024 )
=2240.361+10193.328
=12,434

Nikola's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets=Total Equity (Q: Dec. 2024 )+Total Liabilities (Q: Dec. 2024 )
=2240.361+10193.328
=12,434

* 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 Total Assets →
What does a Total Assets of MXN12,434 Mil mean?
Nikola (MEX:NKLA) has a Total Assets of MXN12,434 Mil as of Dec. 2024. The total amount of assets as recorded on a company's balance sheet. View historical data on Nikola and its competitors.
Is Nikola's Total Assets too high?
Nikola's current Total Assets is MXN12,434 Mil. Overall, Nikola has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Nikola's Total Assets compare to NMHI and GP?
Nikola's Total Assets of MXN12,434 Mil can be compared against companies in the Farm & Heavy Construction Machinery industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for a Farm & Heavy Construction Machinery company?
A good Total Assets depends on the Farm & Heavy Construction Machinery industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Nikola and its competitors. Nikola's current Total Assets is MXN12,434 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikola stock overvalued right now?
Nikola (MEX:NKLA) has a current Total Assets of MXN12,434 Mil. The current Total Assets is MXN12,434 Mil. Nikola's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For Nikola (MEX:NKLA), the current Total Assets is MXN12,434 Mil as of Dec. 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.

Nikola Business Description

Address P.O. Box 27028, Tempe, AZ, USA, 85285
Nikola Corp is a technology innovator and integrator, working to develop inventive energy and transportation solutions. It works on a business model that enables customers and fleets to integrate next-generation truck technology, hydrogen fueling and charging infrastructure, and related maintenance. It operates in two business units: Truck and Energy. The Truck business unit is engaged in manufacturing and selling FCEV and BEV trucks that provide environmentally friendly, cost-effective solutions to the trucking sector. The Energy business unit is engaged in developing and constructing a network of hydrogen fueling stations to meet the hydrogen fuel demand for the company's customers, as well as other third-party customers.
12GF Score

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

MXN3.79
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