Electriq Power Holdings, Inc.
Electriq Power Holdings, Inc. provides turnkey intelligent energy storage and management solutions for homes and small businesses. The company offers PowerPod2, a smart home battery backup system. Its solutions enable cities, municipalities, and utilities to provide constituents with a path to sustainable and resilient sources of energy. The company was founded in 2014 and is based in West Palm B… Read more
Electriq Power Holdings, Inc. (ELIQQ) - Total Assets
Latest total assets as of September 2023: $37.70 Million USD
Based on the latest financial reports, Electriq Power Holdings, Inc. (ELIQQ) holds total assets worth $37.70 Million USD as of September 2023.
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.
Electriq Power Holdings, Inc. - Total Assets Trend (2021–2022)
This chart illustrates how Electriq Power Holdings, Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Electriq Power Holdings, Inc. - Asset Composition Analysis
Current Asset Composition (December 2022)
Electriq Power Holdings, Inc.'s total assets of $37.70 Million consist of 83.9% current assets and 16.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 18.5% |
| Accounts Receivable | $317.42K | 1.1% |
| Inventory | $13.53 Million | 45.6% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2021–2022)
This chart illustrates how Electriq Power Holdings, 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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Electriq Power Holdings, Inc.'s current assets represent 83.9% of total assets in 2022, a decrease from 98.0% in 2021.
- Cash Position: Cash and equivalents constituted 18.5% of total assets in 2022, down from 47.6% in 2021.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2021.
- Asset Diversification: The largest asset category is inventory at 45.6% of total assets.
Electriq Power Holdings, Inc. Competitors by Total Assets
Key competitors of Electriq Power Holdings, Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Tunghsu Azure Renewable Energy Co Ltd
SHE:000040
|
China | CN¥23.04 Billion |
|
Tianjin Guangyu Development Co Ltd
SHE:000537
|
China | CN¥94.26 Billion |
|
CECEP Solar Energy Co Ltd
SHE:000591
|
China | CN¥52.84 Billion |
|
GEPIC Energy Development Co Ltd
SHE:000791
|
China | CN¥38.52 Billion |
|
Tieling Newcity Investment Holding Ltd
SHE:000809
|
China | CN¥2.91 Billion |
|
Hubei Energy Group Co Ltd
SHE:000883
|
China | CN¥95.95 Billion |
|
Fujian MinDong Electric Power Co Ltd
SHE:000993
|
China | CN¥3.76 Billion |
|
Xinjiang Lixin Energy Co. Ltd. A
SHE:001258
|
China | CN¥16.78 Billion |
Electriq Power Holdings, Inc. - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - Electriq Power Holdings, Inc. generates 0.54x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Electriq Power Holdings, Inc. is currently not profitable relative to its asset base.
Electriq Power Holdings, 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 | 2.42 | 0.29 | 0.29 |
| Quick Ratio | 0.86 | 0.13 | 0.13 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $19.05 Million | $ -59.76 Million | $ -59.76 Million |
Electriq Power Holdings, Inc. - Advanced Valuation Insights
This section examines the relationship between Electriq Power Holdings, 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 | - |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 10.9% |
| Total Assets | $29.65 Million |
| Market Capitalization | $3.94K USD |
Valuation Analysis
Below Book Valuation: The market values Electriq Power Holdings, Inc.'s assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Electriq Power Holdings, Inc.'s assets grew by 10.9% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Electriq Power Holdings, Inc. (2021–2022)
The table below shows the annual total assets of Electriq Power Holdings, Inc. from 2021 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-12-31 | $29.65 Million | +10.87% |
| 2021-12-31 | $26.75 Million | -- |