NNG.AX
Price:
$0.02
Market Cap:
$4.05M
NEXION Group Ltd operates as an information technology service provider primarily in Australia. It provides global network, compute, security, and data storage solutions as-a-service integrated with public cloud services to form the NEXION OneCloud, a hybrid cloud solution. The company sells its OneCloud capacity and technology management services to enterprise customers. It offers enterprise ICT managed services. The company was incorporated in 2018 and is based in Perth, Australia.
Industry
Software - Infrastructure
IPO Date
2021-02-17
Stock Exchange
ASX
Ticker
NNG.AX
According to NEXION Group Ltd’s latest financial reports and current stock price. The company's current Current Ratio is 0.32. This represents a change of -10.30% compared to the average of 0.36 of the last 4 quarters.
The mean historical Current Ratio of NEXION Group Ltd over the last ten years is 2.22. The current 0.32 Current Ratio has changed 1.36% with respect to the historical average. Over the past ten years (40 quarters), NNG.AX's Current Ratio was at its highest in in the June 2020 quarter at 6.87. The Current Ratio was at its lowest in in the December 2018 quarter at 0.
Average
2.22
Median
0.78
Minimum
0.29
Maximum
6.87
Discovering the peaks and valleys of NEXION Group Ltd 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 = 1.16%
Maximum Annual Current Ratio = 6.87
Minimum Annual Increase = -75.23%
Minimum Annual Current Ratio = 0.29
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 0.29 | -36.04% |
| 2023 | 0.45 | -56.08% |
| 2022 | 1.02 | -75.23% |
| 2021 | 4.12 | -39.92% |
| 2020 | 6.87 | 1.16% |
The current Current Ratio of NEXION Group Ltd (NNG.AX) 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
0.59
5-year avg
2.55
10-year avg
2.22
NEXION Group Ltd’s Current Ratio is less than Wooboard Technologies Limited (3.87), less than Optima Technology Group Limited (0), less than FinTech Chain Limited (0.63), less than Bluechiip Limited (1.15), less than Gathid Ltd (2.04), less than Cipherpoint Limited (0.70), less than Tymlez Group Limited (2.63), less than Orexplore Technologies Limited (3.01), less than Mogul Games Group Ltd (6.48), less than Shekel Brainweigh Ltd. (0.46),
| Company | Current Ratio | Market cap |
|---|---|---|
| 3.87 | $4.60M | |
| 0 | $3.77M | |
| 0.63 | $2.60M | |
| 1.15 | $3.62M | |
| 2.04 | $6.07M | |
| 0.70 | $5.80M | |
| 2.63 | $4.95M | |
| 3.01 | $3.32M | |
| 6.48 | $3.27M | |
| 0.46 | $4.95M |
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