As of May 29, 2025, Electrameccanica Vehicles Corp (SOLO) reports a Current Ratio of 13.36.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Electrameccanica Vehicles Corp's Current Ratio
Over recent years, Electrameccanica Vehicles Corp's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2023-12-31 | 13.36 |
| 2022-12-31 | 4.15 |
| 2021-12-31 | 30.48 |
| 2020-12-31 | 29.41 |
| 2019-12-31 | 5.58 |
This slight upward trend highlights how Electrameccanica Vehicles Corp manages its short-term assets and liabilities over time.
Comparing Electrameccanica Vehicles Corp's Current Ratio to Peers
To better understand Electrameccanica Vehicles Corp's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Electrameccanica Vehicles Corp (SOLO) | 13.36 |
| Porsche Automobil Holding SE (PAH3.DE) | 16.13 |
| Lordstown Motors Corp (RIDE) | 3.72 |
| KABE Group AB (KABE B.ST) | 3.08 |
| Trigano SA (TRI.PA) | 2.54 |
| Fisker Inc (FSR) | 2.51 |
Compared to its competitors, Electrameccanica Vehicles Corp's Current Ratio is among the highest compared to peers, indicating strong short-term financial flexibility but potentially excess cash that could be invested.