Forza X1 Inc (FRZA) - Total Assets
Based on the latest financial reports, Forza X1 Inc (FRZA) holds total assets worth $11.96 Million USD as of September 2024. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Forza X1 Inc - Total Assets Trend (2020–2023)
This chart illustrates how Forza X1 Inc's total assets have evolved over time, based on quarterly financial data. Also see Forza X1 Inc (FRZA) total market value for the company's overall valuation and market capitalisation.
Forza X1 Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Forza X1 Inc's total assets of $11.96 Million consist of 79.0% current assets and 21.0% non-current assets. Review Forza X1 Inc balance sheet liabilities to assess the company's total debt and financial obligations.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 58.0% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $493.46K | 2.9% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2020–2023)
This chart illustrates how Forza X1 Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. See FRZA share price today for real-time trading data and today's change.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Forza X1 Inc's current assets represent 79.0% of total assets in 2023, an increase from 0.0% in 2020.
- Cash Position: Cash and equivalents constituted 58.0% of total assets in 2023, up from 0.0% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2020.
- Asset Diversification: The largest asset category is inventory at 2.9% of total assets.
Forza X1 Inc Competitors by Total Assets
Key competitors of Forza X1 Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Guangdong Lvtong New Energy Electric Vehicle Technology Co. Ltd. Cl A
SHE:301322
|
China | CN¥4.16 Billion |
|
Vmoto Ltd
AU:VMT
|
Australia | AU$107.88 Million |
|
BRP Inc
TO:DOO
|
Canada | CA$6.32 Billion |
|
Zhejiang CFMoto Power Co Ltd
SHG:603129
|
China | CN¥19.18 Billion |
|
Jiangsu Xinri E-Vehicle Co Ltd
SHG:603787
|
China | CN¥4.02 Billion |
|
Trigano S.A.
PA:TRI
|
France | €3.28 Billion |
|
Bénéteau S.A.
PA:BEN
|
France | €1.43 Billion |
|
Fountaine Pajo
PA:ALFPC
|
France | €360.38 Million |
Forza X1 Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 66.38 | 71.75 | 2.74 |
| Quick Ratio | 65.85 | 68.32 | 2.74 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $7.44 Million | $16.02 Million | $1.20 Million |
Forza X1 Inc - Advanced Valuation Insights
This section examines the relationship between Forza X1 Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.27 |
| Latest Market Cap to Assets Ratio | 0.19 |
| Asset Growth Rate (YoY) | 19.0% |
| Total Assets | $16.92 Million |
| Market Capitalization | $3.15 Million USD |
Valuation Analysis
Below Book Valuation: The market values Forza X1 Inc's assets below their book value (0.19x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Forza X1 Inc's assets grew by 19.0% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Forza X1 Inc (2020–2023)
The table below shows the annual total assets of Forza X1 Inc from 2020 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $16.92 Million | +18.98% |
| 2022-12-31 | $14.22 Million | +536.95% |
| 2021-12-31 | $2.23 Million | -- |
| 2020-12-31 | $0.00 | -- |
About Forza X1 Inc
Forza X1, Inc. engages in designing, developing, and manufacturing electric boats in the United States. It intends to offer its products through a vertically integrated and direct-to-consumer platform. The company was incorporated in 2021 and is headquartered in Fort Pierce, Florida. As of November 26, 2024, Forza X1, Inc. operates as a subsidiary of Twin Vee Powercats Co.