Electrameccanica Vehicles Quick Ratio (SOLO) starting from the fourth quarter 2023 to fourth quarter 2022, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Electrameccanica Vehicles Corp   (NASDAQ: SOLO)

Electrameccanica Vehicles 's Quick Ratio

SOLO's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


In the wake of the increase in Current Liabilities in the fourth quarter 2023, Quick Ratio fell to 8.14 below Electrameccanica Vehicles Corp average.

Within EV, Auto & Truck Manufacturers industry only one company has achieved higher Quick Ratio in fourth quarter 2023. While Quick Ratio total ranking in the fourth quarter 2023 has deteriorated compared to the prior quarter from 42 to 232.

Explain Quick Ratio?
How much Cash & cash equivalents SOLO´s has?
What are SOLO´s Current Liabilities?



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SOLO Quick Ratio (Dec 31 2023)
Q4		 (Sep 30 2023)
Q3		 (Jun 30 2023)
Q2		 (Mar 31 2023)
Q1		 (Dec 31 2022)
Q4
Y / Y Current Liabilities Change -82.71 % -45 % -31.12 % 251.84 % 359.01 %
Y / Y Cash & cash equivalent Change -49.45 % -45.38 % -9.71 % 121.02 % 1781.75 %
Quick Ratio MRQ 8.14 9.54 12.69 3.02 2.78
SOLO's Total Ranking # 232 # 42 # 120 # 550 # 773
Seq. Current Liabilities Change 7.23 % 7.45 % -80.42 % -23.35 % 241.13 %
Seq. Cash & cash equivalent Change -8.48 % -19.27 % -17.64 % -16.92 % -1.11 %



Quick Ratio fourth quarter 2023 Company Ranking
Within: No.
EV, Auto & Truck Manufacturers Industry # 2
Consumer Discretionary Sector # 2
Overall Market # 232


Quick Ratio Statistics
High Average Low
28.26 10.93 2.57
(Dec 31 2021)   (Dec 31 2017)




Financial Statements
Electrameccanica Vehicles 's Current Liabilities $ 6 Millions Visit SOLO's Balance sheet
Electrameccanica Vehicles 's Cash & cash equivalent $ 51 Millions Visit SOLO's Balance sheet
Source of SOLO's Sales Visit SOLO's Sales by Geography


Cumulative Electrameccanica Vehicles 's Quick Ratio

SOLO's Quick Ratio for the trailling 12 Months

SOLO Quick Ratio

 (Dec 31 2023)
12 Months		 (Sep 30 2023)
12 Months		 (Jun 30 2023)
12 Months		 (Mar 31 2023)
12 Months		 (Dec 31 2022)
12 Months
Y / Y Current Liabilities TTM Growth -27.66 % 119.48 % 186.56 % 264.24 % 260.61 %
Y / Y Cash & cash equivalent TTM Growth -18.19 % 39.54 % 177.19 % 500.99 % 921.81 %
Quick Ratio TTM 5.73 4.11 4.44 4.4 5.06
Total Ranking TTM # 3457 # 3019 # 2934 # 2333 # 2640
Seq. Current Liabilities TTM Growth -39.81 % -5.97 % -2.98 % 31.73 % 82.62 %
Seq. Cash & cash equivalent TTM Growth -16.12 % -13.01 % -2.04 % 14.46 % 43.08 %

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

On the trailing twelve months basis Current Liabilities decreased faster than Electrameccanica Vehicles 's average Cash & cash equivalent, this led to increase in in Electrameccanica Vehicles 's Quick Ratio to 5.73, Quick Ratio remained below SOLO average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within EV, Auto & Truck Manufacturers industry 23 other companies have achieved higher Quick Ratio than Electrameccanica Vehicles . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 3019 to 3457.

Explain Quick Ratio?
How much Cash & cash equivalents SOLO´s has?
What are SOLO´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the EV, Auto & Truck Manufacturers Industry # 24
Consumer Discretionary Sector # 138
Within the Market # 3457


trailing twelve months Quick Ratio Statistics
High Average Low
28.26 11.29 3.27
(Dec 31 2021)   (Dec 31 2019)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within EV, Auto & Truck Manufacturers Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 31 2023 MRQ Current Liabilities
Ferrari N v   12.57 $ 1,256.619  Millions$ 99.984  Millions
Electrameccanica Vehicles Corp   8.14 $ 50.741  Millions$ 6.233  Millions
Polestar Automotive Holding Uk Plc  7.67 $ 768.264  Millions$ 100.108  Millions
Rivian Automotive Inc   7.11 $ 9,368.000  Millions$ 1,317.000  Millions
Nu Ride Inc   5.66 $ 87.096  Millions$ 15.398  Millions
Ree Automotive Ltd   4.79 $ 85.627  Millions$ 17.870  Millions
Li Auto Inc   4.50 $ 12,863.425  Millions$ 2,858.106  Millions
Lucid Group Inc   4.05 $ 3,859.745  Millions$ 953.790  Millions
Cenntro Inc   3.36 $ 34.092  Millions$ 10.138  Millions
Nwtn Inc  2.45 $ 124.573  Millions$ 50.816  Millions
Nikola Corporation  1.79 $ 465.939  Millions$ 260.105  Millions

Date modified: 2026-08-31T19:47:21+00:00



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