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Faraday Future Intelligent Electric (NAS:FFIE) Current Ratio

: 0.58 (As of Sep. 2022)
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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Faraday Future Intelligent Electric's current ratio for the quarter that ended in Sep. 2022 was 0.58.

Faraday Future Intelligent Electric has a current ratio of 0.58. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Faraday Future Intelligent Electric has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

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

FFIE' s Current Ratio Range Over the Past 10 Years
Min: 0.02   Med: 1.05   Max: 3.17
Current: 0.58

During the past 2 years, Faraday Future Intelligent Electric's highest Current Ratio was 3.17. The lowest was 0.02. And the median was 1.05.

FFIE's Current Ratio is ranked worse than
96.94% of 1241 companies
in the Vehicles & Parts industry
Industry Median: 1.55 vs FFIE: 0.58

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

The historical data trend for Faraday Future Intelligent Electric's Current 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
Current Ratio 0.02 2.07

Faraday Future Intelligent Electric Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Current Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.17 2.07 1.41 0.68 0.58

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

For the Auto Manufacturers subindustry, Faraday Future Intelligent Electric's Current Ratio, along with its competitors' market caps and Current 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) Current Ratio Distribution

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

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



Faraday Future Intelligent Electric Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Faraday Future Intelligent Electric's Current Ratio for the fiscal year that ended in Dec. 2021

Current Ratio (A: Dec. 2021 )=Total Current Assets (A: Dec. 2021 )/Total Current Liabilities (A: Dec. 2021 )
=607.257/293.806
=2.07

Faraday Future Intelligent Electric's Current Ratio for the quarter that ended in Sep. 2022 is calculated as

Current Ratio (Q: Sep. 2022 )=Total Current Assets (Q: Sep. 2022 )/Total Current Liabilities (Q: Sep. 2022 )
=102.217/177.323
=0.58

* 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) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Faraday Future Intelligent Electric Current 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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