GOEV Current Ratio Analysis
Higher than 0% of Consumer Cyclical sector peers
Updated 1860h ago·SEC filings & market data
Key Takeaway
Canoo’s current ratio of 0.14x means the company has only $0.14 in current assets (like cash or receivables) for every $1 of short-term liabilities due within a year — a very thin liquidity cushion.
Sector Performance
0th percentileGOEV
0.14x
Sector Median
1.44x
Sector Avg
2.72x
Deep Analysis
Canoo’s current ratio of 0.14x means the company has only $0.14 in current assets (like cash or receivables) for every $1 of short-term liabilities due within a year — a very thin liquidity cushion.
This places Canoo at the 0th percentile among Consumer Cyclical peers, well below the sector median of 1.44x, indicating it is the weakest in its peer group on this measure. The year-over-year and quarter-over-quarter changes are both listed as N/A, and no trend data is available for the last eight quarters, so no direction can be assessed from historical shifts. The combination of an extremely low level and the absence of trend information signals a high immediate risk of liquidity strain, as the company may struggle to cover upcoming obligations. This metric directly contradicts the overall NEUTRAL verdict, because a current ratio under 1.0x — let alone 0.14x — typically flags a critical short‑term financial vulnerability that a neutral rating does not fully reflect.
Frequently Asked Questions
What does the Current Ratio tell investors about GOEV?
Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.
How is the Current Ratio calculated?
Current Ratio is calculated as: Current Assets / Current Liabilities.
How does GOEV's Current Ratio compare to its sector?
GOEV's Current Ratio of 0.14x compares to a Consumer Cyclical sector median of 1.44x, placing it in the 0th percentile.
Who are GOEV's closest peers by Current Ratio?
The closest Consumer Cyclical peers by Current Ratio include: JD (1.18x), MELI (1.16x), CHPT (1.15x), XPEV (1.14x), RH (1.13x).
Learn More About Current Ratio
The Formula
Current Assets / Current Liabilities
Why It Matters
Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.
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0.14x
Sector Median
1.44x
Sector Avg
2.72x
How GOEV's Current Ratio compares to sector peers.
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Not financial advice. Research tool only. Data may be delayed.