CTSDF
Price:
$4.3165
Market Cap:
$1.13B
Converge Technology Solutions Corp. delivers integrated information technology and cloud-based services, powered by software, to both corporate and public sector clients across North America. The company's comprehensive approach offers specialized solutions in areas such as advanced data analytics, application modernization, cloud computing, cyber protection, digital foundational systems, and optimizing digital work environments for diverse industries. Converge actively develops offerings encompassing network management, system virtualization, data storage, robust disaster recovery strategies, and uninterrupted replication of vital applications, infrastructure, information, and core systems....[Read more]
Industry
Information Technology Services
IPO Date
2019-04-09
Stock Exchange
OTC
Ticker
CTSDF
According to Converge Technology Solutions Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 0.93. This represents a change of -2.41% compared to the average of 0.96 of the last 4 quarters.
The mean historical Current Ratio of Converge Technology Solutions Corp. over the last ten years is 0.77. The current 0.93 Current Ratio has changed 12.04% with respect to the historical average. Over the past ten years (40 quarters), CTSDF's Current Ratio was at its highest in in the March 2018 quarter at 58.16. The Current Ratio was at its lowest in in the March 2017 quarter at 0.
Average
0.77
Median
0.78
Minimum
0.00
Maximum
1.32
Discovering the peaks and valleys of Converge Technology Solutions Corp. 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 = 18.03%
Maximum Annual Current Ratio = 1.32
Minimum Annual Increase = -40.58%
Minimum Annual Current Ratio = 0.00
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 0.93 | -10.57% |
| 2023 | 1.04 | 33.09% |
| 2022 | 0.78 | -40.58% |
| 2021 | 1.32 | 58.12% |
| 2020 | 0.84 | 29.47% |
| 2019 | 0.65 | -6.24% |
| 2018 | 0.69 | 3.22% |
| 2017 | 0.67 | 18.03% |
The current Current Ratio of Converge Technology Solutions Corp. (CTSDF) is greater than its 3-year, less than than its 5-year, and greater than its 10-year historical averages
3-year avg
0.92
5-year avg
0.98
10-year avg
0.77
Converge Technology Solutions Corp.’s Current Ratio is less than FD Technologies Plc (1.22), less than SeSa S.p.A. (1.15), greater than BHPA Inc. (0.17), less than Kanematsu Electronics Ltd. (4.18), less than Kahoot! ASA (1.08), less than Rovio Entertainment Oyj (4.14), less than BluGlass Limited (1.65), less than Sanken Electric Co., Ltd. (1.63), less than Silverlake Axis Ltd (3.31), less than Pivotal Systems Corporation (2.42),
| Company | Current Ratio | Market cap |
|---|---|---|
| 1.22 | $770.95M | |
| 1.15 | $1.57B | |
| 0.17 | $820.81M | |
| 4.18 | $943.64M | |
| 1.08 | $936.71M | |
| 4.14 | $778.80M | |
| 1.65 | $477.63M | |
| 1.63 | $1.04B | |
| 3.31 | $723.24M | |
| 2.42 | $691.54M |
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