Forza X1 Inc Working Capital to Net Assets Ratio
Forza X1 Inc working capital to net assets ratio. Forza X1 Inc (FRZA) has a Working Capital to Net Assets ratio of 63.2% as of September 2024. Working capital of $7.44 Million (current assets of $7.55 Million minus current liabilities of $113.80K) is measured against net assets of $11.78 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check Forza X1 Inc tangible equity quality to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Forza X1 Inc (2021–2023)
Working capital to net assets ratio of Forza X1 Inc from 2021 to 2023. This chart shows how Forza X1 Inc's Working Capital to Net Assets ratio has evolved across 3 annual periods from 2021 to 2023. As of September 2024, the ratio stands at 63.2%, reflecting working capital of $7.44 Million against net assets of $11.78 Million USD. See FRZA cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Forza X1 Inc Working Capital to Net Assets Ratio by Year (2021–2023)
Forza X1 Inc working capital to net assets ratio by year from 2021 to 2023. The table below presents the year-by-year Working Capital to Net Assets ratio for Forza X1 Inc from 2021 to 2023, covering 3 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see FRZA asset base.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | 78.2% | $12.53 Million | $16.02 Million | $13.37 Million | $842.59K | ▼ -15.5 pp |
| 2022 | 93.7% | $12.83 Million | $13.70 Million | $13.29 Million | $453.19K | ▲ +15.8 pp |
| 2021 | 77.9% | $1.20 Million | $1.54 Million | $1.89 Million | $690.38K | — |