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What is Nikola cash on hand?

Nikola cash on hand from 2019 to 2023. Cash on hand can be defined as cash deposits at financial institutions that can immediately be withdrawn at any time, and investments maturing in one year or less that are highly liquid and therefore regarded as cash equivalents and reported with or near cash line items.

How much cash does Nikola have?

Nikola’s cash on hand of $226 million would only enable it to operate for less than two more quarters at its current cash burn rate. Nikola has $348 million in debt, with the majority of that maturing in 2026.

How much money did Nikola make in the third quarter?

The company’s revenue was $24.2 million in the year-earlier third quarter. As of Sept. 30, Nikola had $362.9 million in cash on hand, notably because it raised $250 million in the third quarter, increasing unrestricted cash by $136.2 million from the prior quarter.

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