Lordstown Motors Corp.

Lordstown Motors Corp.verified

RIDE

Price:

$2.2

Market Cap:

$24.14M

Lordstown Motors Corp. develops, manufactures, and sells Endurance, an electric full-size pickup truck for fleet customers. The company was founded in 2019 and is based in Lordstown, Ohio.[Read more]

Industry

Auto - Manufacturers

IPO Date

2020-10-26

Stock Exchange

NASDAQ

Ticker

RIDE

The Current Ratio as of November 2024 (TTM) for Lordstown Motors Corp. (RIDE) is 36.94

According to Lordstown Motors Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 36.94. This represents a change of 171.01% compared to the average of 13.63 of the last 4 quarters.

Lordstown Motors Corp. (RIDE) Historical Current Ratio (quarterly & annually)

How has RIDE Current Ratio performed in the past?

The mean historical Current Ratio of Lordstown Motors Corp. over the last ten years is 5.20. The current 36.94 Current Ratio has changed 70.99% with respect to the historical average. Over the past ten years (40 quarters), RIDE's Current Ratio was at its highest in in the June 2024 quarter at 36.94. The Current Ratio was at its lowest in in the March 2022 quarter at 1.17.

Quarterly (TTM)
Annual

Average

5.20

Median

2.84

Minimum

0.09

Maximum

19.21

Lordstown Motors Corp. (RIDE) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Lordstown Motors Corp. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 22.13%

Maximum Annual Current Ratio = 19.21

Minimum Annual Increase = -89.73%

Minimum Annual Current Ratio = 0.09

Quarterly (TTM)
Annual
YearCurrent RatioChange
20235.9860.97%
20223.7288.46%
20211.97-89.73%
202019.2122.13%
20190.09-58.25%

Lordstown Motors Corp. (RIDE) Average Current Ratio

How has RIDE Current Ratio performed in the past?

The current Current Ratio of Lordstown Motors Corp. (RIDE) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

3.89

5-year avg

6.19

10-year avg

5.20

Lordstown Motors Corp. (RIDE) Current Ratio vs. Peers

How is RIDE’s Current Ratio compared to its peers?

Lordstown Motors Corp.’s Current Ratio is greater than Fisker Inc. (1.82), greater than Workhorse Group Inc. (1.16), greater than Canoo Inc. (0.14), greater than Hyliion Holdings Corp. (17.62), greater than Blink Charging Co. (2.52),

CompanyCurrent RatioMarket cap
1.82$52.82M
1.16$26.80M
0.14$43.55M
17.62$667.14M
2.52$154.80M

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