Forza X1 Inc (FRZA) - Total Liabilities
Based on the latest financial reports, Forza X1 Inc (FRZA) has total liabilities worth $180.87K USD as of September 2024. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities.
Forza X1 Inc - Total Liabilities Trend (2020–2023)
This chart illustrates how Forza X1 Inc's total liabilities have evolved over time, based on quarterly financial data. See FRZA working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
Forza X1 Inc Competitors by Total Liabilities
The table below lists competitors of Forza X1 Inc ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
Love Group Global Ltd
AU:LVE
|
Australia | AU$1.35 Million |
|
Albright Metals Ltd
AU:ABR
|
Australia | AU$597.19K |
|
Haffner Energy SA
PA:ALHAF
|
France | €14.12 Million |
|
Albion Technology & General VCT PLC
LSE:AATG
|
UK | GBX1.81 Million |
|
Ordissimo
PA:ALORD
|
France | €2.38 Million |
|
Archon Minerals Ltd
V:ACS
|
Canada | CA$68.39 Million |
|
AFRICAN PIONEER PLC O.N.
F:9TI
|
Germany | €816.83K |
|
Real Estate Credit Investments Limited
LSE:RECI
|
UK | GBX117.51 Million |
Liability Composition Analysis (2020–2023)
This chart breaks down Forza X1 Inc's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. For the full company profile including market capitalisation, see how much is Forza X1 Inc worth.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 66.38 | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | 0.02 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.02 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how Forza X1 Inc's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Forza X1 Inc (2020–2023)
The table below shows the annual total liabilities of Forza X1 Inc from 2020 to 2023.
| Year | Total Liabilities | Change |
|---|---|---|
| 2023-12-31 | $901.31K | +72.76% |
| 2022-12-31 | $521.72K | -24.43% |
| 2021-12-31 | $690.38K | -- |
| 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.