VBNK
Price:
$12.54
Market Cap:
$558.11M
VersaBank, a schedule I chartered bank, provides various banking products and services in Canada. The company offers deposit products, such as guaranteed investment certificates, registered retirement savings plans, daily interest savings accounts, and tax-free savings accounts, as well as deposit insurance products. It also provides lending services, including point of sale financing that involves purchasing loan and lease receivables from finance companies operating in various industries; and commercial banking services comprising commercial real estate, public sector/infrastructure financing, condominium financing, and residential mortgages. The company was formerly known as Pacific & Wes...[Read more]
Industry
Banks - Regional
IPO Date
2021-08-27
Stock Exchange
NASDAQ
Ticker
VBNK
According to VersaBank’s latest financial reports and current stock price. The company's current Current Ratio is 0.14. This represents a change of 43.61% compared to the average of 0.10 of the last 4 quarters.
The mean historical Current Ratio of VersaBank over the last ten years is 2.51. The current 0.14 Current Ratio has changed 463.24% with respect to the historical average. Over the past ten years (40 quarters), VBNK's Current Ratio was at its highest in in the July 2020 quarter at 136.49. The Current Ratio was at its lowest in in the April 2017 quarter at 0.
Average
2.51
Median
1.69
Minimum
0.04
Maximum
11.56
Discovering the peaks and valleys of VersaBank 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 = 365.59%
Maximum Annual Current Ratio = 11.56
Minimum Annual Increase = -99.68%
Minimum Annual Current Ratio = 0.04
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 0.06 | 66.98% |
| 2023 | 0.04 | -99.68% |
| 2022 | 11.56 | 365.59% |
| 2021 | 2.48 | -9.80% |
| 2020 | 2.75 | 82.52% |
| 2019 | 1.51 | 5.74% |
| 2018 | 1.43 | -23.82% |
| 2017 | 1.87 | 52.70% |
| 2016 | 1.23 | -44.07% |
| 2015 | 2.19 | -46.60% |
The current Current Ratio of VersaBank (VBNK) 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
3.89
5-year avg
3.38
10-year avg
2.51
VersaBank’s Current Ratio is greater than First Bank (0), greater than Carter Bankshares, Inc. (0), less than Bank7 Corp. (2.03K), greater than Kearny Financial Corp. (0), greater than Sierra Bancorp (0), greater than Southern First Bancshares, Inc. (0), greater than Community West Bancshares (0), greater than Greene County Bancorp, Inc. (0), greater than West Bancorporation, Inc. (0), greater than Home Bancorp, Inc. (0),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0 | $394.33M | |
| 0 | $430.45M | |
| 2.03K | $397.98M | |
| 0 | $466.21M | |
| 0 | $436.43M | |
| 0 | $428.70M | |
| 0 | $450.21M | |
| 0 | $394.17M | |
| 0 | $380.74M | |
| 0 | $446.83M |
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What is the Current Ratio?
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What is VersaBank's Current Ratio?
How is the Current Ratio calculated for VersaBank (VBNK)?
What is the highest Current Ratio for VersaBank (VBNK)?
What is the 3-year average Current Ratio for VersaBank (VBNK)?
What is the 5-year average Current Ratio for VersaBank (VBNK)?
How does the current Current Ratio for VersaBank (VBNK) compare to its historical average?