2961.T
Price:
$4505
Market Cap:
$5.01B
Nitcho Corporation manufactures and supplies commercial kitchen equipment in Japan. The company produces and sells food processing machinery and appliances; and general machinery and equipment, as well as imports and exports related machinery and appliances. It is also involved in the construction and installation of machinery and equipment. In addition, the company engages in design, construction, and supervision of construction engineering business. Further, it offers cleaning, disinfection, cooking, and heating equipment, as well as provides detergents. The company serves food and beverage, cafeterias, medical and welfare facilities. Nitcho Corporation was incorporated in 1947 and is head...[Read more]
Industry
Industrial - Machinery
IPO Date
2021-11-09
Stock Exchange
JPX
Ticker
2961.T
According to Nitcho Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 2.35. This represents a change of 14.51% compared to the average of 2.05 of the last 4 quarters.
The mean historical Current Ratio of Nitcho Corporation over the last ten years is 1.70. The current 2.35 Current Ratio has changed 13.66% with respect to the historical average. Over the past ten years (40 quarters), 2961.T's Current Ratio was at its highest in in the June 2025 quarter at 2.35. The Current Ratio was at its lowest in in the June 2021 quarter at 1.63.
Average
1.70
Median
1.70
Minimum
1.56
Maximum
1.85
Discovering the peaks and valleys of Nitcho Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 9.28%
Maximum Annual Current Ratio = 1.85
Minimum Annual Increase = -7.56%
Minimum Annual Current Ratio = 1.56
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 1.77 | 3.16% |
| 2023 | 1.71 | -7.56% |
| 2022 | 1.85 | 9.28% |
| 2021 | 1.69 | 2.98% |
| 2020 | 1.64 | 5.31% |
The current Current Ratio of Nitcho Corporation (2961.T) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
1.78
5-year avg
1.73
10-year avg
1.70
Nitcho Corporation’s Current Ratio is less than Kawata Mfg. Co., Ltd. (2.59), less than Tokyo Automatic Machinery Works, Ltd. (2.37), less than Ishii Hyoki Co., Ltd. (2.52), less than Takamatsu Machinery Co., Ltd. (3.68), greater than Ogura Clutch Co.,Ltd. (1.39), less than Nippon Primex Inc. (3.88), greater than OSG Corporation Co., Ltd. (1.42), less than Tokuden Co., Ltd. (2.60), greater than Nitchitsu Co., Ltd. (2.13), less than Tokyo Kikai Seisakusho, Ltd. (5.14),
| Company | Current Ratio | Market cap |
|---|---|---|
| 2.59 | $5.28B | |
| 2.37 | $5.09B | |
| 2.52 | $5.38B | |
| 3.68 | $5.54B | |
| 1.39 | $5.39B | |
| 3.88 | $4.67B | |
| 1.42 | $5.10B | |
| 2.60 | $4.68B | |
| 2.13 | $4.27B | |
| 5.14 | $3.91B |
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