Business Profile
Headquartered in Shanghai, SHANGHAI, NIO Inc (NIO) reports a market capitalization of $67578 million, and sells shares at $43.35 in the New York Stock Exchange.
NIO Limited designs, manufactures, and sells electric vehicles in the People’s Republic of China, Hong Kong, the United States, the United Kingdom, and Germany. The company offers five, six, and seven-seater electric SUVs. It is also involved in the provision of energy and service packages to its users; marketing, design, and technology development activities; manufacture of e-powertrains, battery packs, and components; and sales and after sales management activities. In addition, the company offers charging solutions, including Power Home, a home charging solution.
Balance Sheet
With an asset/liability ratio of more than 1x, NIO’s balance sheet looks stable.In Q4, the total amount of assets was equal to $54641 million, with total liabilities of $27470 million.NIO reports $2147 million in cash and cash equivalents.In my opinion, the company has a good amount of cash to conduct additional R&D and increase its marketing efforts.
NIO’s short term debt is less significant than the cash in hand.As for me, I think that NIO Inc may not have to worry about any liquidity risk.NIO’s debt to equity ratio is below 2x.Evidently, the debt level is under control.Notice that NIO Inc reports cash and cash equivalents of $2147 million, and net debt of $-2147 million.
Quarterly Results
In Q4 NIO reported quarterly sales of $6641 million, and gross profit of $1141 million.The gross profit ratio was equal to 17%.Besides, the company’s R&D expenses were equal to $829.443 million, with selling and marketing expenses of $120.6806 million.Taking this into account, many traders will most likely have a look at NIO.
If you spot an error that warrants correction, please contact the editor. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We don’t own NIO’s shares.
