Forza X1 (Forza X1) Cash-to-Debt : 88.30 (As of Dec. 2023)

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What is Forza X1 Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Forza X1's cash to debt ratio for the quarter that ended in Dec. 2023 was 88.30.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Forza X1 could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Forza X1's Cash-to-Debt or its related term are showing as below:

FRZA' s Cash-to-Debt Range Over the Past 10 Years
Min: 82.37 Med: 88.3 Max: No Debt
Current: 88.3

During the past 4 years, Forza X1's highest Cash to Debt Ratio was No Debt. The lowest was 82.37. And the median was 88.30.

FRZA's Cash-to-Debt is ranked better than
94.13% of 1295 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs FRZA: 88.30

Forza X1 Cash-to-Debt Historical Data

The historical data trend for Forza X1's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Forza X1 Cash-to-Debt Chart

Forza X1 Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

No Debt

82.37

88.30

Forza X1 Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								82.37	47.69	83.84	89.68	88.30

Competitive Comparison of Forza X1's Cash-to-Debt

For the Recreational Vehicles subindustry, Forza X1's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Forza X1's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Forza X1's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Forza X1's Cash-to-Debt falls into.

Forza X1 Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Forza X1's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	12.803	/	(0.086	+	0.059)
	=	88.30

Forza X1's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	12.803	/	(0.086	+	0.059)
	=	88.30

Forza X1 (NAS:FRZA) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Forza X1 Cash-to-Debt Related Terms

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Forza X1 (Forza X1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Forza X1 Inc (NAS:FRZA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3101 S. US-1, Fort Pierce, FL, USA, 34982

Website

https://www.forzax1.com

Forza X1 Inc develops and manufactures fully electric, affordable boats with mass appeal. The company is focused on the creation, implementation, and sale of electric boats utilizing its electric vehicle (EV) technology to control and power its boats and proprietary outboard electric motor. its electric boats are being designed as fully integrated electric boats including the hull, outboard motor, and control system. Its initial two models, the FX1 Dual Console and FX1 Center Console are being designed to be 24 feet in length, have an 8' beam or width, and utilize a catamaran hull surface to reduce drag and increase run times.

Executives

Carrie L. Gunnerson	officer: Interim CFO/Interim PAO	5556 HIGHWAY 9, ARMSTRONG IA 50514
Kevin Schuyler	director	1180 SEMINOLE TRAIL, SUITE 495, CHARLOTTESVILLE VA 22901
Marcia Kull	director	3101 S. US-1, FT. PIERCE FL 34982
James Howard Leffew	director, officer: President and CEO	3101 S. US-1, FT. PIERCE FL 34928
Joseph C Visconti	director, 10 percent owner, officer: EC and Chief of PD	525 SOUTH FLAGLER DRIVE #400, WEST PALM BEACH FL 33401
Twin Vee Powercats, Inc.	10 percent owner	3101 SOUTH US HIGHWAY 1, FT PIERCE FL 34982
Neil Ross	director	3101 S. US-1, FT. PIERCE FL 34982
Twin Vee Powercats, Co.	10 percent owner	3101 S. FEDERAL HIGHWAY, FT. PIERCE FL 34982
Nicole Marie Camacho	officer: Chief Financial Officer	3101 S US-1, FT. PIERCE FL 34982