Workhorse Group Balance Sheet - Quarterly (NASDAQ:WKHS)

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$2.73 $0.04 (1.44%) WKHS stock closing price Sep 21, 2017 (Closing)

The fundamental analysis of this company requires a thorough look at Workhorse Group balance sheet. As in our Workhorse Group stock analysis, analyzing a company also involves looking at the company's assets and liabilities as given in its balance sheet, which can be used to measure financial performance. A company releases its balance sheet every quarter along with its quarterly results. The Workhorse Group balance sheet for 2017-Q2 shows total assets of $22.02M. Workhorse Group revenue was $0.27M and Workhorse Group operating cash flow was $-19.73M for the same quarter. View Workhorse Group quarterly results to get the balance sheet details for the latest 40 quarters data.

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Quarterly
Annual
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Fiscal year is Jan - Dec.2017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q32015 Q22015 Q1
Cash5.42M10.24M0.46M3.04M3.66M5.21M7.67M0.14M0.16M0.28M
Marketable Securities----------
Receivables0.33M1.07M0.72M0.53M0.47M0.02M----
Inventory9.46M5.06M2.46M3.56M1.86M-0.07M0.19M0.27M0.33M
Raw Materials7.7M5.06M--------
Work In Progress1.76M---------
Finished Goods----------
Notes Receivable----------
Other Current Assets0.76M1.53M0.25M0.14M0.69M0.97M3.14M1.08M0.1M0.08M
Workhorse Group Total Current Assets
15.99M17.91M3.91M7.29M6.69M6.2M10.9M1.42M0.54M0.69M
Property Plant & Equipment7.61M7.58M7.54M5.21M5.16M5.09M5.07M5.03M5.04M5.03M
Accumulated Depreciation1.81M1.68M1.54M1.62M1.52M1.42M1.33M1.24M1.15M1.05M
Workhorse Group Net Property Plant & Equipment
5.8M5.89M6M3.59M3.63M3.67M3.73M3.79M3.89M3.97M
Investment & Advances----------
Other Non-Current Assets0.22M0.21M0.32M-------
Deferred Charges----------
Intangibles----------
Deposits & Other Assets----------
Workhorse Group Total Assets
22.02M24.02M10.23M10.89M10.33M9.88M14.64M5.21M4.43M4.67M
Notes Payable-13.53M1.24M-------
Accounts Payable7.61M2.64M4.02M3.28M1.51M2.58M2M2.1M2.21M1.86M
Current Portion Long-Term Debt0.03M0.08M0.07M0.05M0.05M0.05M2.77M2.76M2.76M2.76M
Current Portion Capital Leases----------
Accrued Expenses----------
Income Taxes Payable----------
Other Current Liabilities1M-0.22M1.42M1.92M1.68M0.11M1.11M0.7M0.04M
Workhorse Group Total Current Liabilities
8.64M2.72M4.33M4.75M3.48M4.32M18.42M6.75M6.14M4.88M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt2.07M2.08M2.08M----0.01M0.01M0.01M
Non-Current Capital Leases----------
Other Long-Term Liabilities----------
Workhorse Group Total Liabilities
10.72M4.8M6.42M4.75M3.48M4.32M18.42M6.76M6.15M4.89M
Minority Interest----------
Preferred Stock----------
Common Stock Net0.03M0.03M0.02M0.02M0.02M0.02M0.01M0.17M0.16M0.16M
Capital Surplus91.45M90.17M60.32M55.59M51.55M47.07M33.55M31.83M30.12M29.66M
Retained Earnings-80.19M-70.99M-63.07M-56.09M-50.83M-47.89M-43.51M-39.76M-38.03M-36.14M
Treasury Stock----------
Other Liabilities--6.54M6.6M6.1M6.35M6.15M6.2M6.01M6.1M
Workhorse Group Shareholders Equity
11.3M19.21M3.81M6.13M6.84M5.55M-3.78M-1.54M-1.71M-0.21M
Workhorse Group Total Liabilities & Shareholders Equity
22.02M24.02M10.23M10.89M10.33M9.88M14.64M5.21M4.43M4.67M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at Workhorse Group historical stock prices and the current Workhorse Group stock price can tell you how the stock price has moved, whereas the Workhorse Group PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:
  • Assets: WKHS total assets, which was at $22.02M for 2017-Q2 is a balance sheet item representing value of what Workhorse Group owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities: The total liabilities of Workhorse Group for 2017-Q2 total to $10.72M. Liabilities for a company like Workhorse Group include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.
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Workhorse Group Balance Sheet - Key Ratios

Current ratio
1.85
Debt to equity ratio
0.19
Asset turnover ratio
0.05
Receivables turnover
11.22
price to book ratio
10.18