Forza X1 Balance Sheet Health
Financial Health criteria checks 5/6
Forza X1 has a total shareholder equity of $16.0M and total debt of $201.8K, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are $16.9M and $901.3K respectively.
Key information
1.3%
Debt to equity ratio
US$201.85k
Debt
Interest coverage ratio | n/a |
Cash | US$12.80m |
Equity | US$16.02m |
Total liabilities | US$901.31k |
Total assets | US$16.92m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FRZA's short term assets ($13.4M) exceed its short term liabilities ($842.6K).
Long Term Liabilities: FRZA's short term assets ($13.4M) exceed its long term liabilities ($58.7K).
Debt to Equity History and Analysis
Debt Level: FRZA has more cash than its total debt.
Reducing Debt: Insufficient data to determine if FRZA's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: FRZA has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: FRZA has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 85.9% each year.