Canoo's net worth is $9.23 million.
For publicly traded companies like Canoo, net worth is commonly referred to as market capitalization (market cap). This figure represents the total value of a company's outstanding shares of stock. It's a key metric used by investors to gauge the size and perceived value of a company in the market.
Key Financial Metrics for Canoo
Understanding a company's financial standing often involves looking at several related metrics. While market capitalization provides a snapshot of the company's equity value, enterprise value offers a more comprehensive view by including debt and subtracting cash.
Here's a breakdown of Canoo's relevant financial metrics:
| Metric | Value |
|---|---|
| Market Capitalization (Net Worth) | $9.23 million |
| Enterprise Value | $115.48 million |
Understanding the Metrics
- Market Capitalization (Net Worth): This is calculated by multiplying the current share price by the total number of outstanding shares. It primarily reflects the equity value of the company.
- Enterprise Value (EV): EV is a more holistic valuation measure that considers the company's total market value, including both debt and equity. It is generally calculated as Market Cap + Total Debt - Cash & Cash Equivalents. Enterprise Value provides a more accurate picture of what it would cost to acquire a company, as it accounts for liabilities that an acquirer would assume and cash that they would gain. The significant difference between Canoo's market capitalization and its enterprise value indicates the company has substantial debt or limited cash relative to its market cap.
