Forza X1 has a Cash Ratio of 63.16. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Forza X1's Cash Ratio or its related term are showing as below:
FRZA'
s Cash Ratio Range Over the Past 10 Years
Min: 2.61 Med: 30.36 Max: 70.77
Current: 63.16
During the past 4 years, Forza X1's highest Cash Ratio was 70.77. The lowest was 2.61. And the median was 30.36.
FRZA's Cash Ratio is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.36
vs FRZA: 63.16
Forza X1 Cash Ratio Historical Data
The historical data trend for Forza X1's Cash Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Recreational Vehicles subindustry, Forza X1's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Forza X1's Cash Ratio Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Forza X1's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Forza X1's Cash Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Forza X1 (OTCPK:FRZA) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Forza X1 Cash Ratio Related Terms
Thank you for viewing the detailed overview of Forza X1's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Forza X1 Inc develops and manufactures fully electric, affordable boats with mass appeal. The company is focused on the creation, implementation, and sale of electric boats utilizing its electric vehicle (EV) technology to control and power its boats and proprietary outboard electric motor. its electric boats are being designed as fully integrated electric boats including the hull, outboard motor, and control system. Its initial two models, the FX1 Dual Console and FX1 Center Console are being designed to be 24 feet in length, have an 8' beam or width, and utilize a catamaran hull surface to reduce drag and increase run times.
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