Forza X1, Inc.

Forza X1, Inc.verified

FRZA

Price:

$0.33

Market Cap:

$5.20M

Forza X1, Inc. focuses on designing, developing, and manufacturing fully electric boats in the United States. It intends to offer its products through a vertically integrated direct-to-consumer system. The company was incorporated in 2021 and is based in Fort Pierce, Florida. Forza X1, Inc. operates as a subsidiary of Twin Vee Powercats Co.[Read more]

Industry

Auto - Recreational Vehicles

IPO Date

2022-08-12

Stock Exchange

NASDAQ

Ticker

FRZA

The Current Ratio as of October 2024 (TTM) for Forza X1, Inc. (FRZA) is 14.62

According to Forza X1, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 14.62. This represents a change of -57.16% compared to the average of 34.12 of the last 4 quarters.

Forza X1, Inc. (FRZA) Historical Current Ratio (quarterly & annually)

How has FRZA Current Ratio performed in the past?

The mean historical Current Ratio of Forza X1, Inc. over the last ten years is 11.98. The current 14.62 Current Ratio has changed 12.10% with respect to the historical average. Over the past ten years (40 quarters), FRZA's Current Ratio was at its highest in in the September 2022 quarter at 72.94. The Current Ratio was at its lowest in in the March 2021 quarter at 0.

Quarterly (TTM)
Annual

Average

11.98

Median

9.30

Minimum

0

Maximum

29.32

Forza X1, Inc. (FRZA) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Forza X1, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = Infinity%

Maximum Annual Current Ratio = 29.32

Minimum Annual Increase = -45.88%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
202315.87-45.88%
202229.32969.95%
20212.74Infinity%

Forza X1, Inc. (FRZA) Average Current Ratio

How has FRZA Current Ratio performed in the past?

The current Current Ratio of Forza X1, Inc. (FRZA) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

15.98

5-year avg

11.98

10-year avg

11.98

Forza X1, Inc. (FRZA) Current Ratio vs. Peers

How is FRZA’s Current Ratio compared to its peers?

Forza X1, Inc.’s Current Ratio is greater than EZGO Technologies Ltd. (4.79), greater than Vision Marine Technologies Inc. (2.24), greater than Arcimoto, Inc. (0.46), greater than Micromobility.com Inc. (0.04), less than Twin Vee Powercats Co. (0), greater than Brunswick Corporation (4.29), greater than REE Automotive Ltd. (1.70), greater than LCI Industries (2.21), greater than Curtiss Motorcycles Company, Inc. (2.82), greater than Marine Products Corporation (0.28), greater than MasterCraft Boat Holdings, Inc. (4.79), greater than null (1.99),

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