NIO Current Ratio 2019-2024 | NIO
Current and historical current ratio for NIO (NIO) from 2019 to 2024. Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. NIO current ratio for the three months ending June 30, 2024 was 1.11.
| NIO Current Ratio Historical Data |
| Date |
Current Assets |
Current Liabilities |
Current Ratio |
| 2024-06-30 |
$7.64B |
$6.90B |
1.11 |
| 2024-03-31 |
$8.17B |
$7.08B |
1.16 |
| 2023-12-31 |
$9.91B |
$8.14B |
1.22 |
| 2023-09-30 |
$8.32B |
$7.60B |
1.09 |
| 2023-06-30 |
$6.61B |
$6.63B |
1.00 |
| 2023-03-31 |
$7.52B |
$5.89B |
1.28 |
| 2022-12-31 |
$8.58B |
$6.65B |
1.29 |
| 2022-09-30 |
$8.87B |
$5.59B |
1.59 |
| 2022-06-30 |
$9.68B |
$5.16B |
1.88 |
| 2022-03-31 |
$10.14B |
$5.03B |
2.02 |
| 2021-12-31 |
$9.99B |
$4.58B |
2.18 |
| 2021-09-30 |
$8.43B |
$4.13B |
2.04 |
| 2021-06-30 |
$8.47B |
$3.41B |
2.48 |
| 2021-03-31 |
$7.96B |
$2.60B |
3.06 |
| 2020-12-31 |
$7.08B |
$2.14B |
3.31 |
| 2020-09-30 |
$3.88B |
$1.60B |
2.42 |
| 2020-06-30 |
$2.14B |
$1.85B |
1.16 |
| 2020-03-31 |
$0.90B |
$1.71B |
0.53 |
| 2019-12-31 |
$0.71B |
$1.36B |
0.52 |
| 2019-09-30 |
$0.98B |
$1.25B |
0.78 |
| 2019-06-30 |
$1.17B |
$1.20B |
0.97 |
| 2019-03-31 |
$1.71B |
$1.15B |
1.49 |
| 2018-09-30 |
$1.79B |
$0.70B |
2.56 |
| Sector |
Industry |
Market Cap |
Revenue |
| Auto/Tires/Trucks |
Auto Manufacturers - Foreign |
$8.767B |
$7.834B |
|
NIO is a pioneer in China's EV market. NIO's unique selling proposition is to provide EVs at competitive pricing. Importantly, NIO does not really manufacture its own cars. It contracts state-owned JAC Motors, headquartered in eastern China's Anhui province, to make vehicles. In turn, JAC charges fee for every car. In fact, NIO does not have a dealership network and instead sells its vehicles through apps and a network of swanky NIO Houses, located in some of the most expensive areas of China's largest cities.
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