Forza X1
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Forza X1's balance sheet done over the years? Its assets were worth $16,921,844 last year, which is more than in the previous period. 5% of Forza X1’s total assets is currently financed by debt. Its liabilities reached the amount of $901,311, which means an increase by 73% compared compared to last year.
Debt to Assets
| 2020 | 0 | 0 | |
|---|---|---|---|
| 2021 | 2232827 | 690.37K | 30.92% |
| 2022 | 14221926 | 521.72K | 3.67% |
| 2023 | 16921844 | 901.31K | 5.33% |
FRZA Balance Sheet (2020 – 2023)
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
Assets | ||||
Current assets: | ||||
Cash and cash equivalents | 9.82M | 12.76M | 1.80M | 0 |
Short term investments | 2.98M | 0 | 0 | 0 |
Net receivables | 0 | 0 | 0 | 0 |
Inventory | 493.46K | 0 | 0 | 0 |
Other current assets | 73.50K | 519.73K | 88.47K | 0 |
Total current assets | 13.37M | 13.28M | 1.89M | 0 |
Non-current assets: | ||||
Property, Plant and Equipment | 3.54M | 927.47K | 235.56K | 0 |
Goodwill | 0 | 0 | 0 | 0 |
Intangible assets | 0 | 0 | 0 | 0 |
Long term investments | 0 | 0 | 0 | 0 |
Other non-current assets | 7.51K | 7.51K | 105.5K | 0 |
Total non-current assets | 3.55M | 934.99K | 341.06K | 0 |
Total assets | 16.92M | 14.22M | 2.23M | 0 |
Liabilities | ||||
| Current liabilities: | ||||
Accounts payable | ||||
Deferred revenue | 5.7K | 5.3K | -641.91K | 0 |
Short term debt | 85.84K | 86.24K | 641.91K | 0 |
Total current liabilities | 842.59K | 453.19K | 690.37K | 0 |
| Non-current liabilities: | ||||
Long term debt | 58.71K | 68.53K | 0 | 0 |
Deferred tax | 0 | 0 | 0 | 0 |
Other non-current liabilities | 0 | 0 | 0 | 0 |
Total non-current liabilities | 58.71K | 68.53K | 0 | 0 |
Total liabilities | 901.31K | 521.72K | 690.37K | 0 |
| Data source | Data source |