ZAPP ELEC VEHS GROUP LTD Financials

ZAPPF

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2024 Currency USD FYE September

This page shows ZAPP ELEC VEHS GROUP LTD (ZAPPF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ZAPPF FY2024 2026-04-22

Zapp’s balance sheet is supporting a barely revenue-generating business, with external funding covering the operating cash burn.

Cash rose from $823K to $1.6M, but free cash flow stayed deeply negative, so the extra liquidity came from financing inflows rather than operations. Current liabilities also increased 13.4% to $26.9M, which means the company is still being kept liquid by new funding and accumulated obligations instead of sales turning into cash.

With just $17K of revenue against $5.4M of assets, the business’s current economics are being set more by its funding structure than by product turnover. Inventory and receivables together were roughly $1.9M, a mismatch with current sales that helps explain why liquidity depends on funding rather than normal working-capital rotation.

The cash burn is operating burn: operating cash flow of -$4.9M was almost identical to free cash flow of -$4.9M. Because capex was only $25K, cash use is not being driven by heavy investment in long-lived assets; it is mainly the cost of keeping the organization running.

Financial Health Signals

Financial Profile 17/100

Based on FY2024 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of ZAPP ELEC VEHS GROUP LTD's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Leverage

100

ZAPP ELEC VEHS GROUP LTD carries a low D/E ratio of -0.01, meaning only $-0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

ZAPP ELEC VEHS GROUP LTD's current ratio of 0.13 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

While ZAPP ELEC VEHS GROUP LTD generated -$4.9M in operating cash flow, capex of $25K consumed most of it, leaving -$4.9M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

4/9

ZAPP ELEC VEHS GROUP LTD passes 4 of 9 financial strength tests. 1 of 3 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.54x

For every $1 of reported earnings, ZAPP ELEC VEHS GROUP LTD generates $0.54 in operating cash flow (-$4.9M OCF vs -$9.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$17K

ZAPP ELEC VEHS GROUP LTD generated $17K in revenue in fiscal year 2024.

EBITDA

N/A

Net Income

-$9.0M

ZAPP ELEC VEHS GROUP LTD reported -$9.0M in net income in fiscal year 2024.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$4.9M

YoY+26.5%

ZAPP ELEC VEHS GROUP LTD generated -$4.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 26.5% from the prior year.

Cash & Debt

$1.6M

YoY+90.1%

ZAPP ELEC VEHS GROUP LTD held $1.6M in cash against $286K in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

ZAPP ELEC VEHS GROUP LTD had 5M shares outstanding in fiscal year 2024. This represents a decrease of 91.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-51651.8%

ZAPP ELEC VEHS GROUP LTD's net profit margin was -51651.8% in fiscal year 2024, showing the share of revenue converted to profit.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$25K

YoY-85.5%

ZAPP ELEC VEHS GROUP LTD invested $25K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 85.5% from the prior year.

ZAPPF Income Statement

Metric	FY24	FY23	FY22
Revenue	$17K	$0	N/A
Cost of Revenue	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A
Interest Expense	$23K-41.3%	$39K+305.4%	$10K
Income Tax	N/A	N/A	N/A
Net Income	-$9.0M	N/A	-$3.6M
EPS (Diluted)	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22
Revenue	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A
Net Income	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A

ZAPPF Balance Sheet

Metric	FY24	FY23	FY22
Total Assets	$5.4M-26.5%	$7.3M+73.8%	$4.2M
Current Assets	$3.5M+30.3%	$2.7M+16.8%	$2.3M
Cash & Equivalents	$1.6M+90.1%	$823K-58.1%	$2.0M
Inventory	$505K-10.8%	$566K+406.8%	$112K
Accounts Receivable	$1.4M+9.8%	$1.3M+546.4%	$195K
Goodwill	N/A	N/A	N/A
Total Liabilities	$27.9M+8.3%	$25.8M+1405.0%	$1.7M
Current Liabilities	$26.9M+13.4%	$23.7M+1718.4%	$1.3M
Long-Term Debt	$286K-3.8%	$297K+9.5%	$271K
Total Equity	-$22.5M-22.1%	-$18.4M-833.9%	$2.5M
Retained Earnings	-$238.3M-3.8%	-$229.6M-2944.0%	-$7.5M

Metric	Q4'24	Q4'23	Q4'22
Total Assets	$5.4M-26.5%	$7.3M+73.8%	$4.2M
Current Assets	$3.5M+30.3%	$2.7M+16.8%	$2.3M
Cash & Equivalents	$1.6M+90.1%	$823K-58.1%	$2.0M
Inventory	$505K-10.8%	$566K+406.8%	$112K
Accounts Receivable	$1.4M+9.8%	$1.3M+546.4%	$195K
Goodwill	N/A	N/A	N/A
Total Liabilities	$27.9M+8.3%	$25.8M+1405.0%	$1.7M
Current Liabilities	$26.9M+13.4%	$23.7M+1718.4%	$1.3M
Long-Term Debt	$286K-3.8%	$297K+9.5%	$271K
Total Equity	-$22.5M-22.1%	-$18.4M-833.9%	$2.5M
Retained Earnings	-$238.3M-3.8%	-$229.6M-2944.0%	-$7.5M

ZAPPF Cash Flow Statement

Metric	FY24	FY23	FY22
Operating Cash Flow	-$4.9M+24.9%	-$6.5M-132.1%	-$2.8M
Capital Expenditures	$25K-85.5%	$173K-72.6%	$633K
Free Cash Flow	-$4.9M+26.5%	-$6.7M-94.4%	-$3.4M
Investing Cash Flow	-$37K+87.1%	-$286K+38.7%	-$466K
Financing Cash Flow	$5.6M-0.9%	$5.6M+11.4%	$5.1M
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22
Operating Cash Flow	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A

ZAPPF Financial Ratios

Metric	Q4'24	Q4'23	Q4'22
Gross Margin	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A
Current Ratio	0.13+0.0	0.11-1.6	1.74
Debt-to-Equity	-0.010.0	-0.02-0.1	0.11
FCF Margin	N/A	N/A	N/A

Note: Shareholder equity is negative (-$22.5M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.13), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is ZAPP ELEC VEHS GROUP LTD's annual revenue?

ZAPP ELEC VEHS GROUP LTD (ZAPPF) reported $17K in total revenue for fiscal year 2024. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Is ZAPP ELEC VEHS GROUP LTD profitable?

No, ZAPP ELEC VEHS GROUP LTD (ZAPPF) reported a net income of -$9.0M in fiscal year 2024, with a net profit margin of -51651.8%.

How much debt does ZAPP ELEC VEHS GROUP LTD have?

As of fiscal year 2024, ZAPP ELEC VEHS GROUP LTD (ZAPPF) had $1.6M in cash and equivalents against $286K in long-term debt.

What is ZAPP ELEC VEHS GROUP LTD's net profit margin?

ZAPP ELEC VEHS GROUP LTD (ZAPPF) had a net profit margin of -51651.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is ZAPP ELEC VEHS GROUP LTD's free cash flow?

ZAPP ELEC VEHS GROUP LTD (ZAPPF) generated -$4.9M in free cash flow during fiscal year 2024. This represents a 26.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is ZAPP ELEC VEHS GROUP LTD's operating cash flow?

ZAPP ELEC VEHS GROUP LTD (ZAPPF) generated -$4.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are ZAPP ELEC VEHS GROUP LTD's total assets?

ZAPP ELEC VEHS GROUP LTD (ZAPPF) had $5.4M in total assets as of fiscal year 2024, including both current and long-term assets.

What are ZAPP ELEC VEHS GROUP LTD's capital expenditures?

ZAPP ELEC VEHS GROUP LTD (ZAPPF) invested $25K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does ZAPP ELEC VEHS GROUP LTD have outstanding?

ZAPP ELEC VEHS GROUP LTD (ZAPPF) had 5M shares outstanding as of fiscal year 2024.

What is ZAPP ELEC VEHS GROUP LTD's current ratio?

ZAPP ELEC VEHS GROUP LTD (ZAPPF) had a current ratio of 0.13 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is ZAPP ELEC VEHS GROUP LTD's debt-to-equity ratio?

ZAPP ELEC VEHS GROUP LTD (ZAPPF) had a debt-to-equity ratio of -0.01 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is ZAPP ELEC VEHS GROUP LTD's return on assets (ROA)?

ZAPP ELEC VEHS GROUP LTD (ZAPPF) had a return on assets of -167.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is ZAPP ELEC VEHS GROUP LTD's cash runway?

Based on fiscal year 2024 data, ZAPP ELEC VEHS GROUP LTD (ZAPPF) had $1.6M in cash against an annual operating cash burn of $4.9M. This gives an estimated cash runway of approximately 4 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is ZAPP ELEC VEHS GROUP LTD's debt-to-equity ratio negative or unusual?

ZAPP ELEC VEHS GROUP LTD (ZAPPF) has negative shareholder equity of -$22.5M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is ZAPP ELEC VEHS GROUP LTD's Piotroski F-Score?

ZAPP ELEC VEHS GROUP LTD (ZAPPF) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are ZAPP ELEC VEHS GROUP LTD's earnings high quality?

ZAPP ELEC VEHS GROUP LTD (ZAPPF) has an earnings quality ratio of 0.54x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is ZAPP ELEC VEHS GROUP LTD?

ZAPP ELEC VEHS GROUP LTD (ZAPPF) scores 17 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.