NEWA
Price:
$4.17
Market Cap:
$0
Newater Technology, Inc. engages in the wastewater purification treatment solutions. The company is headquartered in Yantai, Shandong and currently employs 203 full-time employees. The firm is focused on the development, manufacture and sale of disk tube reverse osmosis (DTRO) and disk tube nanofiltration (DTNF) membrane filtration products that are used in the treatment, recycling and discharge of wastewater. The DTRO membrane and DTNF membrane is used to treat and recycle wastewater. The firm also supplies hardware and engineered systems necessary to implement integrated solutions with DTRO and DTNF products. The firm provides engineering support and installation, technical advice and serv...[Read more]
Industry
Industrial - Pollution & Treatment Controls
IPO Date
2017-07-28
Stock Exchange
NASDAQ
Ticker
NEWA
According to Newater Technology, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.12. This represents a change of 3.79% compared to the average of 1.08 of the last 4 quarters.
The mean historical Current Ratio of Newater Technology, Inc. over the last ten years is 1.37. The current 1.12 Current Ratio has changed 8.13% with respect to the historical average. Over the past ten years (40 quarters), NEWA's Current Ratio was at its highest in in the December 2016 quarter at 2.08. The Current Ratio was at its lowest in in the June 2020 quarter at 1.02.
Average
1.37
Median
1.30
Minimum
1.03
Maximum
2.08
Discovering the peaks and valleys of Newater Technology, Inc. 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 = 53.89%
Maximum Annual Current Ratio = 2.08
Minimum Annual Increase = -37.61%
Minimum Annual Current Ratio = 1.03
| Year | Current Ratio | Change |
|---|---|---|
| 2020 | 1.12 | 9.21% |
| 2019 | 1.03 | -21.20% |
| 2018 | 1.31 | 0.54% |
| 2017 | 1.30 | -37.61% |
| 2016 | 2.08 | 53.89% |
The current Current Ratio of Newater Technology, Inc. (NEWA) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
1.15
5-year avg
1.37
10-year avg
1.37
Newater Technology, Inc.’s Current Ratio is less than Pyxis Tankers Inc. (3.43), greater than Renovare Environmental, Inc. (0.12), greater than Terran Orbital Corporation (1.01), less than Euroholdings Ltd. (9.21), greater than Lilium N.V. (0.84), less than P&F Industries, Inc. (2.44), less than Navios Maritime Holdings Inc. (1.37), less than DIRTT Environmental Solutions Ltd. (1.48),
| Company | Current Ratio | Market cap |
|---|---|---|
| 3.43 | $30.72M | |
| 0.12 | $3.52K | |
| 1.01 | $51.22M | |
| 9.21 | $20.11M | |
| 0.84 | $37.68M | |
| 2.44 | $41.52M | |
| 1.37 | $51.82M | |
| 1.48 | $34.92M |
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How does the current Current Ratio for Newater Technology, Inc. (NEWA) compare to its historical average?