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Faraday Future Intelligent Electric (NAS:FFIE) Cash Ratio

: 0.47 (As of Jun. 2022)
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The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Faraday Future Intelligent Electric's Cash Ratio for the quarter that ended in Jun. 2022 was 0.47.

Faraday Future Intelligent Electric has a Cash Ratio of 0.47. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.

The historical rank and industry rank for Faraday Future Intelligent Electric's Cash Ratio or its related term are showing as below:

FFIE' s Cash Ratio Range Over the Past 10 Years
Min: 0.47   Med: 1.43   Max: 2.8
Current: 0.47

During the past 2 years, Faraday Future Intelligent Electric's highest Cash Ratio was 2.80. The lowest was 0.47. And the median was 1.43.

FFIE's Cash Ratio is ranked better than
58.01% of 1148 companies
in the Vehicles & Parts industry
Industry Median: 0.36 vs FFIE: 0.47

Faraday Future Intelligent Electric (NAS:FFIE) Cash Ratio Historical Data

The historical data trend for Faraday Future Intelligent Electric'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.

* Premium members only.

Faraday Future Intelligent Electric Annual Data
Trend Dec20 Dec21
Cash Ratio - 1.72

Faraday Future Intelligent Electric Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Cash Ratio Premium Member Only Premium Member Only Premium Member Only - 2.80 1.72 1.14 0.47

Faraday Future Intelligent Electric (NAS:FFIE) Cash Ratio Competitive Comparison

For the Auto Manufacturers subindustry, Faraday Future Intelligent Electric'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.

   

Faraday Future Intelligent Electric (NAS:FFIE) Cash Ratio Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Faraday Future Intelligent Electric's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Faraday Future Intelligent Electric's Cash Ratio falls into.



Faraday Future Intelligent Electric Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Faraday Future Intelligent Electric's Cash Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

Cash Ratio (A: Dec. 2021 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=505.091/293.806
=1.72

Faraday Future Intelligent Electric's Cash Ratio for the quarter that ended in Jun. 2022 is calculated as:

Cash Ratio (Q: Jun. 2022 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=120.585/257.719
=0.47

* 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.


Faraday Future Intelligent Electric  (NAS:FFIE) 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.


Faraday Future Intelligent Electric Cash Ratio Related Terms

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Faraday Future Intelligent Electric (NAS:FFIE) Business Description

Faraday Future Intelligent Electric logo
Traded in Other Exchanges
Address
654 Madison Avenue, Suite 1009, New York, NY, USA, 10065
Faraday Future Intelligent Electric Inc is a global shared intelligent mobility ecosystem. It is poised to break the boundaries between the Internet, IT, creative, and auto industries with product and service offerings that integrate new energy, AI, Internet, and sharing models. FF 91 is its first production vehicle and flagship model.
Executives
Roof Rebecca A officer: Interim Chief Financial Office C/O LORDSTOWN MOTORS CORP. 2300 HALLOCK YOUNG ROAD LORDSTOWN OH 44481
Mcbride Walter officer: Chief Financial Officer FIRST CONSULTING GROUP PO BOX 22676 LONG BEACH CA 90801-5676
Aydt Matthias director, officer: Sr. VP, Bus. Dev. & Prod. Def. 18455 S. FIGUEROA STREET GARDENA CA 90248
Pacific Technology Holding Llc 10 percent owner 18455 S FIGUEROA ST GARDENA CA 90248
Ff Top Holding Llc 10 percent owner 18455 S FIGUEROA ST GARDENA CA 90248
Ff Global Partners Llc 10 percent owner 18455 S FIGUEROA ST GARDENA CA 90248
Goh Edwin director 18455 S. FIGUEROA STREET GARDENA CA 90248
Cuomo Gerard officer: Controller 18455 S. FIGUEROA STREET GARDENA CA 90248
Mok Chui Tin officer: Exec. VP, Head of User Ecosys. 18455 S. FIGUEROA STREET GARDENA CA 90248
Hartmann Benedikt officer: Senior VP of Supply Chain 18455 S. FIGUEROA STREET GARDENA CA 90248
Kruse Robert A Jr. officer: Senior VP, Product Execution 18455 S. FIGUEROA STREET GARDENA CA 90248
Liu Lee Hui director 18455 S. FIGUEROA STREET GARDENA CA 90248
Jia Yueting officer: Ch. Prod. & User Ecosys. Ofc. 18455 S FIGUEROA STREET GARDENA CA 90248
Breitfeld Carsten director, officer: Global Chief Exec. Officer 18455 S. FIGUEROA STREET GARDENA CA 90248
Rao Hong officer: Vice President, I.A.I. 18455 S. FIGUEROA STREET GARDENA CA 90248

Faraday Future Intelligent Electric (NAS:FFIE) Headlines

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