RENN
Price:
$1.65
Market Cap:
$5.49M
Renren Inc. primarily operates as a software-as-a-service (SaaS) provider in the People's Republic of China. A significant part of its business involves the development of Chime, a SaaS platform specifically designed for real estate professionals, offering tools for customer relationship management (CRM), intelligent data exchange via web pages, and streamlined team management. Beyond its Chinese operations, Renren also furnishes online and mobile services for the trucking sector in the United States. Founded in 2002, the company was initially known as Oak Pacific Interactive before rebranding to Renren Inc. in December 2010. Its corporate headquarters are situated in Beijing, China.
Industry
Software - Application
IPO Date
2011-05-04
Stock Exchange
NYSE
Ticker
RENN
According to Renren Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.56. This represents a change of 2.44% compared to the average of 1.52 of the last 4 quarters.
The mean historical Current Ratio of Renren Inc. over the last ten years is 1.60. The current 1.56 Current Ratio has changed 9.66% with respect to the historical average. Over the past ten years (40 quarters), RENN's Current Ratio was at its highest in in the June 2024 quarter at 2.25. The Current Ratio was at its lowest in in the March 2019 quarter at 1.11.
Average
1.60
Median
1.67
Minimum
0.74
Maximum
2.24
Discovering the peaks and valleys of Renren 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 = 104.56%
Maximum Annual Current Ratio = 2.24
Minimum Annual Increase = -39.70%
Minimum Annual Current Ratio = 0.74
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 1.86 | -13.53% |
| 2023 | 2.15 | 2.54% |
| 2022 | 2.10 | -6.36% |
| 2021 | 2.24 | 104.56% |
| 2020 | 1.10 | 47.95% |
| 2019 | 0.74 | -39.70% |
| 2018 | 1.23 | -2.66% |
| 2017 | 1.26 | -24.29% |
The current Current Ratio of Renren Inc. (RENN) 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
2.04
5-year avg
1.89
10-year avg
1.60
Renren Inc.’s Current Ratio is less than TSR, Inc. (3.01), greater than NextNRG Inc. (0.18), greater than Ebix, Inc. (0.46), greater than ACCESS Newswire Inc. (0.88), less than EMCORE Corporation (2.98), less than BSQUARE Corporation (7.01), less than BIT Mining Limited (1.56), greater than MariaDB plc (0.42), less than Otonomo Technologies Ltd. (11.08), greater than Fathom Digital Manufacturing Corporation (0.22),
| Company | Current Ratio | Market cap |
|---|---|---|
| 3.01 | $29.03M | |
| 0.18 | $60.55M | |
| 0.46 | $35.85M | |
| 0.88 | $22.52M | |
| 2.98 | $28.11M | |
| 7.01 | $37.56M | |
| 1.56 | $1.30B | |
| 0.42 | $37.95M | |
| 11.08 | $52.37M | |
| 0.22 | $34.68M |
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