Vicinity Motor 's Cash & cash equivalent grew by 113.28 % in the Q1 2024 sequentially, while Current Liabilities decreased, this led to improvement in Vicinity Motor 's Quick Ratio to 0.28, Quick Ratio remained below Vicinity Motor Corp average.

Within EV, Auto & Truck Manufacturers industry 27 other companies have achieved higher Quick Ratio than Vicinity Motor in first quarter 2024. While Quick Ratio total ranking has improved so far during the Q1 2024 to 3689, from total ranking in the fourth quarter 2023 at 4302.

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VEV Quick Ratio	(Mar 31 2024) Q1	(Dec 31 2023) Q4	0 Q3	0 Q2	0 Q1
Y / Y Current Liabilities Change	-64.42 %	149.45 %	192.02 %	188.24 %	162.52 %
Y / Y Cash & cash equivalent Change	142.34 %	24.91 %	76.59 %	-22.37 %	9.93 %
Quick Ratio MRQ	0.28	0.04	0.04	0.15	0.04
VEV's Total Ranking	# 3689	# 4302	# 4302	# 3593	# 3595
Seq. Current Liabilities Change	-71.16 %	10.9 %	1.31 %	9.8 %	102.22 %
Seq. Cash & cash equivalent Change	113.28 %	2.89 %	-72.89 %	307.4 %	9.93 %

Quick Ratio first quarter 2024 Company Ranking
Within:	No.
EV, Auto & Truck Manufacturers Industry	# 28
Consumer Discretionary Sector	# 118
Overall Market	# 3689

Quick Ratio Statistics
High	Average	Low
1.44	0.28	0.04
(Dec 31 2021)		(Dec 31 2023)

Financial Statements
Vicinity Motor 's Current Liabilities	$ 15 Millions	Visit VEV's Balance sheet
Vicinity Motor 's Cash & cash equivalent	$ 4 Millions	Visit VEV's Balance sheet
Source of VEV's Sales		Visit VEV's Sales by Geography

Cumulative Vicinity Motor 's Quick Ratio

VEV's Quick Ratio for the trailling 12 Months

VEV Quick Ratio	(Mar 31 2024) 12 Months	(Dec 31 2023) 12 Months	0 12 Months	0 12 Months	0 12 Months
Y / Y Current Liabilities TTM Growth	68.4 %	171.42 %	205.47 %	134.7 %	154.67 %
Y / Y Cash & cash equivalent TTM Growth	12.27 %	-4.91 %	-23.39 %	-28.1 %	97.34 %
Quick Ratio TTM	0.09	0.07	0.08	0.09	0.14
Total Ranking TTM	# 4099	# 4053	# 2912	# 4001	# 0
Seq. Current Liabilities TTM Growth	-14.5 %	19.95 %	24.6 %	31.78 %	37.81 %
Seq. Cash & cash equivalent TTM Growth	19.46 %	3.2 %	7.25 %	-15.08 %	1.17 %

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

On the trailing twelve months basis VEV Cash & cash equivalent more than doubled by 142.34 % in Q1 2024 year on year, while Current Liabilities dropped to $15 millions, this led to increase in in Vicinity Motor 's Quick Ratio to 0.09, above VEV average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within EV, Auto & Truck Manufacturers industry 27 other companies have achieved higher Quick Ratio than Vicinity Motor . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the fourth quarter 2023 from 4053 to 4099.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the EV, Auto & Truck Manufacturers Industry	# 28
Consumer Discretionary Sector	# 167
Within the Market	# 4099

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.1	0.07	0.05
(Dec 31 2022)		(Dec 31 2023)

Companies with similar Quick Ratio in the quarter ending Mar 31 2024, within EV, Auto & Truck Manufacturers Industry	Quick Ratio	Mar 31 2024 MRQ Cash & cash equivalent	Mar 31 2024 MRQ Current Liabilities
Nu Ride Inc	0.60	$ 19.700 Millions	$ 32.974 Millions
Honda Motor Co Ltd	0.60	$ 33,892.199 Millions	$ 56,937.682 Millions
Fly-E Group, Inc.	0.59	$ 2.185 Millions	$ 3.697 Millions
Xpeng Inc	0.49	$ 2,871.628 Millions	$ 5,919.935 Millions
Stellantis N v	0.47	$ 39,772.320 Millions	$ 84,208.320 Millions
Gogoro Inc	0.46	$ 117.148 Millions	$ 253.750 Millions
Zeekr Intelligent Technology Holding Limited	0.42	$ 1,066.243 Millions	$ 2,558.203 Millions
Niu Technologies	0.38	$ 86.313 Millions	$ 226.314 Millions
Toyota Motor Corp	0.33	$ 65,183.711 Millions	$ 199,594.414 Millions
Ecd Automotive Design Inc	0.31	$ 5.560 Millions	$ 18.116 Millions
Ford Motor Co	0.30	$ 34,463.000 Millions	$ 114,746.000 Millions
Empery Digital Inc	0.29	$ 3.571 Millions	$ 12.480 Millions
Vicinity Motor Corp	0.28	$ 4.321 Millions	$ 15.480 Millions
General Motors Company	0.28	$ 25,480.000 Millions	$ 91,777.000 Millions
Federal Signal Corporation	0.25	$ 48.900 Millions	$ 197.400 Millions
Bollinger Innovations Inc	0.24	$ 22.378 Millions	$ 93.548 Millions
Lotus Technology inc	0.20	$ 482.365 Millions	$ 2,467.397 Millions
Workhorse Group Inc	0.19	$ 6.728 Millions	$ 34.747 Millions
Faraday Future Intelligent Electric Inc	0.14	$ 27.531 Millions	$ 196.583 Millions
Rev Group Inc	0.07	$ 38.200 Millions	$ 518.500 Millions

Date modified: 2026-09-02T19:48:24+00:00

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