Forza X1 Inc (FRZA) — Tangible Net Worth Ratio
Forza X1 Inc (FRZA) has a Tangible Net Worth Ratio of 100.0% as of September 2024. This metric is calculated by deducting intangible assets ($0.00) from net assets ($11.78 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See FRZA net asset value for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Forza X1 Inc Tangible Net Worth Ratio (2021–2023)
This chart shows how Forza X1 Inc's Tangible Net Worth Ratio has changed across 3 annual periods from 2021 to 2023. As of September 2024, the ratio stands at 100.0%, reflecting net assets of $11.78 Million with intangible assets of $0.00 USD. Also explore Forza X1 Inc (FRZA) net asset momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Forza X1 Inc (2021–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for Forza X1 Inc from 2021 to 2023, covering 3 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see how much is Forza X1 Inc worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2023 | 100.0% | $16.02 Million | $0.00 | $16.92 Million | ▲ +0.0 pp |
| 2022 | 100.0% | $13.70 Million | $0.00 | $14.22 Million | ▲ +0.0 pp |
| 2021 | 100.0% | $1.54 Million | $0.00 | $2.23 Million | — |