Forza X1 Balance Sheet Health
Financial Health criteria checks 4/6
Forza X1 has a total shareholder equity of $15.1M and total debt of $122.3K, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are $15.5M and $384.7K respectively.
Key information
0.8%
Debt to equity ratio
US$122.32k
Debt
Interest coverage ratio | n/a |
Cash | US$9.95m |
Equity | US$15.15m |
Total liabilities | US$384.68k |
Total assets | US$15.53m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FRZA's short term assets ($10.5M) exceed its short term liabilities ($306.2K).
Long Term Liabilities: FRZA's short term assets ($10.5M) exceed its long term liabilities ($78.5K).
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 less than a year of cash runway if free cash flow continues to reduce at historical rates of 77.9% each year