Current Liabilities decreased faster than Forza X1 Inc 's Cash & cash equivalent, this led to improvement in Forza X1 Inc 's Quick Ratio to 63.34, above Forza X1 Inc average Quick Ratio.

Within Ship & Boat Building industry Forza X1 Inc booked the highest Quick Ratio than Forza X1 Inc in the third quarter 2024. While Quick Ratio total ranking has improved so far during the Q3 2024 to 91, from total ranking in the second quarter 2024 at 150.

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FRZA Quick Ratio	(Sep 30 2024) Q3	(Jun 30 2024) Q2	(Mar 31 2024) Q1	(Dec 31 2023) Q4	(Sep 30 2023) Q3
Y / Y Current Liabilities Change	1.21 %	43.82 %	29.14 %	85.92 %	-41.53 %
Y / Y Cash & cash equivalent Change	-53 %	-50.37 %	-6.77 %	0.28 %	10 %
Quick Ratio MRQ	63.34	14.01	32.53	15.2	136.38
FRZA's Total Ranking	# 91	# 150	# 60	# 91	# 12
Seq. Current Liabilities Change	-80.55 %	91.12 %	-63.66 %	649.36 %	-72.37 %
Seq. Cash & cash equivalent Change	-12.06 %	-17.71 %	-22.25 %	-16.46 %	-7.15 %

Quick Ratio third quarter 2024 Company Ranking
Within:	No.
Ship & Boat Building Industry	# 1
Capital Goods Sector	# 3
Overall Market	# 91

Quick Ratio Statistics
High	Average	Low
136.38	44.5	4.45
(Sep 30 2023)		(Jun 30 2022)

Financial Statements
Forza X1 Inc 's Current Liabilities	$ 0 Millions	Visit FRZA's Balance sheet
Forza X1 Inc 's Cash & cash equivalent	$ 7 Millions	Visit FRZA's Balance sheet
Source of FRZA's Sales		Visit FRZA's Sales by Geography

Cumulative Forza X1 Inc 's Quick Ratio

FRZA's Quick Ratio for the trailling 12 Months

FRZA Quick Ratio	(Sep 30 2024) 12 Months	(Jun 30 2024) 12 Months	(Mar 31 2024) 12 Months	(Dec 31 2023) 12 Months	(Sep 30 2023) 12 Months
Y / Y Current Liabilities TTM Growth	52.76 %	43.19 %	77.33 %	112.64 %	304.83 %
Y / Y Cash & cash equivalent TTM Growth	-30.98 %	-14.12 %	45.05 %	92.32 %	245.63 %
Quick Ratio TTM	20.66	25.08	32.74	34.61	45.72
Total Ranking TTM	# 2496	# 1588	# 1659	# 52	# 1976
Seq. Current Liabilities TTM Growth	0.07 %	10.69 %	4.32 %	32.19 %	-6.19 %
Seq. Cash & cash equivalent TTM Growth	-17.55 %	-15.23 %	-1.31 %	0.07 %	2.59 %

Quick ratio ranking by company, industry and sector >> Back to FRZA Financial Strength Comparisons >> Go to Compare FRZA Quick Ratio to its Competitors

On the trailing twelve months basis Due to drop in Current Liabilities in the Q3 2024 to $0.11 millions, cumulative Quick Ratio decreased to 20.66 below the Forza X1 Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Ship & Boat Building industry 3 other companies have achieved higher Quick Ratio than Forza X1 Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2024 from 1588 to 2496.

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How much Cash & cash equivalents FRZA�s has?
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TTM Quick Ratio Company Ranking
Within:	No.
Within the Ship & Boat Building Industry	# 4
Capital Goods Sector	# 161
Within the Market	# 2496

trailing twelve months Quick Ratio Statistics
High	Average	Low
41.79	32.93	20.66
(Sep 30 2023)		(Sep 30 2024)

Companies with similar Quick Ratio in the quarter ending Sep 30 2024, within Ship & Boat Building Industry	Quick Ratio	Sep 30 2024 MRQ Cash & cash equivalent	Sep 30 2024 MRQ Current Liabilities
Forza X1 Inc	63.34	$ 7.208 Millions	$ 0.114 Millions

Date modified: 2026-09-26T07:42:05+00:00

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