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Blue Biofuels Inc   (BIOF)
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Blue Biofuels Inc 's Working Capital Ratio

BIOF's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


Blue Biofuels Inc 's Current Assets grew by 85.52 % in the III Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Blue Biofuels Inc 's Working Capital Ratio to 0.22, Working Capital Ratio remained below Blue Biofuels Inc average.

Within Chemical Manufacturing industry 70 other companies have achieved higher Working Capital Ratio than Blue Biofuels Inc in third quarter 2023. While Working Capital Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 4109 to 4191.

Explain Working Capital Ratio
How much in Current Assets BIOF´s has?
What is the value of BIOF´s Current Liabilities?


BIOF Working Capital Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities Change 120.33 % 164.54 % 52.33 % 50.69 % 47.07 %
Y / Y Current Assets Change -54.35 % -80.15 % -65.3 % -76.99 % -57.61 %
Working Capital Ratio MRQ 0.22 0.12 0.29 0.45 1.04
BIOF's Total Ranking # 4191 # 4109 # 5248 # 5088 # 3805
Seq. Current Liabilities Change 3.3 % 47.35 % 35.78 % 6.61 % 24.03 %
Seq. Current Assets Change 85.52 % -39.86 % -10.79 % -54.14 % -19.33 %



Working Capital Ratio third quarter 2023 Company Ranking
Within: No.
Chemical Manufacturing Industry # 71
Basic Materials Sector # 263
Overall Market # 4191


Working Capital Ratio Statistics
High Average Low
6.85 1.02 0.08
(Mar 31 2021)   (Jun 30 2018)




Financial Statements
Blue Biofuels Inc 's Current Liabilities $ 1 Millions Visit BIOF's Balance sheet
Blue Biofuels Inc 's Current Assets $ 0 Millions Visit BIOF's Balance sheet
Source of BIOF's Sales Visit BIOF's Sales by Geography


Cumulative Blue Biofuels Inc 's Working Capital Ratio

BIOF's Working Capital Ratio for the trailling 12 Months

BIOF Working Capital Ratio

(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities TTM Growth 120.33 % 164.54 % 52.33 % 50.69 % 47.07 %
Y / Y Current Assets TTM Growth -54.35 % -80.15 % -65.3 % -76.99 % -57.61 %
Working Capital Ratio TTM 0.24 0.39 0.75 1.05 1.62
Total Ranking TTM # 3697 # 3807 # 3685 # 3864 # 2947
Seq. Current Liabilities TTM Growth 3.3 % 47.35 % 35.78 % 6.61 % 24.03 %
Seq. Current Assets TTM Growth 85.52 % -39.86 % -10.79 % -54.14 % -19.33 %


On the trailing twelve months basis Due to rise in Current Liabilities in the III Quarter 2023 to $1.32 millions, cumulative Working Capital Ratio decreased to 0.24 below the Blue Biofuels Inc average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Chemical Manufacturing industry 82 other companies have achieved higher Working Capital Ratio than Blue Biofuels Inc . While Working Capital Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2023 from 3866 to 3954.

Explain Working Capital Ratio
How much in Current Assets BIOF´s has?
What is the value of BIOF´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Chemical Manufacturing Industry # 83
Basic Materials Sector # 293
Within the Market # 4191


trailing twelve months Working Capital Ratio Statistics
High Average Low
3.75 0.83 0.17
(Dec 31 2021)   (Jun 30 2018)




Companies with similar Working Capital Ratio in the quarter ending Sep 30 2023, within Chemical Manufacturing Industry Working Capital RatioSep 30 2023 MRQ Current AssetsSep 30 2023 MRQ Current Liabilities
Qsam Biosciences Inc   0.36 $ 0.610  Millions$ 1.710  Millions
Kraig Biocraft Laboratories Inc   0.35 $ 3.003  Millions$ 8.571  Millions
Blue Biofuels Inc   0.22 $ 0.284  Millions$ 1.320  Millions
Manuka Inc   0.10 $ 0.128  Millions$ 1.239  Millions
Next chemx Corporation  0.07 $ 0.235  Millions$ 3.421  Millions
Golden Arrow Merger Corp   0.06 $ 0.168  Millions$ 2.849  Millions
Global Clean Energy Holdings Inc   0.05 $ 14.005  Millions$ 289.872  Millions

Date modified: 2023-11-30T13:11:15+00:00



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