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Greenwave Technology Solutions Inc  (GWAV)
Other Ticker:  
 
    Sector  Basic Materials    Industry Iron & Steel
   Industry Iron & Steel
   Sector  Basic Materials

Greenwave Technology Solutions Inc's Working Capital Ratio

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


Greenwave Technology Solutions Inc's Current Assets grew by 91.28 % in the III Quarter 2023 sequentially, while Current Liabilities decreased, this led to improvement in Greenwave Technology Solutions Inc's Working Capital Ratio to 0.14, Working Capital Ratio remained below Greenwave Technology Solutions Inc average.

Within Iron & Steel industry 22 other companies have achieved higher Working Capital Ratio than Greenwave Technology Solutions Inc in third quarter 2023. While Working Capital Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 4253 to 4468.

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


GWAV 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 37.81 % -52.15 % -35.44 % -68.03 % -22.31 %
Y / Y Current Assets Change -13.12 % -19.74 % -53.47 % -62.71 % 277134.29 %
Working Capital Ratio MRQ 0.14 0.06 0.05 0.07 0.22
GWAV's Total Ranking # 4468 # 4253 # 4894 # 5331 # 4798
Seq. Current Liabilities Change -20.74 % 5.29 % 18.37 % 39.51 % -72.48 %
Seq. Current Assets Change 91.28 % 12.04 % -2.44 % -58.45 % 76.71 %



Working Capital Ratio third quarter 2023 Company Ranking
Within: No.
Iron & Steel Industry # 23
Basic Materials Sector # 280
Overall Market # 4468


Working Capital Ratio Statistics
High Average Low
84068.33 2272.45 0
(Sep 30 2014)   (Jun 30 2020)




Financial Statements
Greenwave Technology Solutions Inc's Current Liabilities $ 19 Millions Visit GWAV's Balance sheet
Greenwave Technology Solutions Inc's Current Assets $ 3 Millions Visit GWAV's Balance sheet
Source of GWAV's Sales Visit GWAV's Sales by Geography


Cumulative Greenwave Technology Solutions Inc's Working Capital Ratio

GWAV's Working Capital Ratio for the trailling 12 Months

GWAV 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 37.81 % -52.15 % -35.44 % -68.03 % -22.31 %
Y / Y Current Assets TTM Growth -13.12 % -19.74 % -53.47 % -62.71 % 277134.29 %
Working Capital Ratio TTM 0.08 0.09 0.07 0.07 0.07
Total Ranking TTM # 3959 # 4171 # 4547 # 4491 # 3889
Seq. Current Liabilities TTM Growth -20.74 % 5.29 % 18.37 % 39.51 % -72.48 %
Seq. Current Assets TTM Growth 91.28 % 12.04 % -2.44 % -58.45 % 76.71 %


On the trailing twelve months basis Due to decline in Current Liabilities in the III Quarter 2023 to $18.78 millions, cumulative Working Capital Ratio decreased to 0.08 above the GWAV average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Iron & Steel industry 21 other companies have achieved higher Working Capital Ratio than Greenwave Technology Solutions Inc. While Working Capital Ratio overall ranking has improved so far to 3959, from total ranking during the twelve months ending second quarter 2023 at 4171.

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

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Iron & Steel Industry # 22
Basic Materials Sector # 288
Within the Market # 3959


trailing twelve months Working Capital Ratio Statistics
High Average Low
0.51 0.07 0
(Sep 30 2017)   (Jun 30 2020)




Companies with similar Working Capital Ratio in the quarter ending Sep 30 2023, within Iron & Steel Industry Working Capital RatioSep 30 2023 MRQ Current AssetsSep 30 2023 MRQ Current Liabilities
Inno Holdings Inc   0.29 $ 1.189  Millions$ 4.103  Millions
Greenwave Technology Solutions Inc  0.14 $ 2.606  Millions$ 18.781  Millions

Date modified: 2023-12-03T18:32:13+00:00



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