Forza X1 Inc (FRZA) — 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. See FRZA days of operational coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Forza X1 Inc Working Capital to Net Assets (2021–2023)
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. For the complete balance sheet picture, see FRZA asset base.
Annual Working Capital to Net Assets for Forza X1 Inc (2021–2023)
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. Check Forza X1 Inc (FRZA) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
| 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 | — |