Absolute Software Corporation

Absolute Software Corporationverified

ABST

Price:

$11.49

Market Cap:

$610.81M

Absolute Software Corporation develops, markets, and provides software services that support the management and security of computing devices, applications, data, and networks for various organizations. The company's Absolute platform offer Absolute Visibility that provides information on device hardware, software, and location; Absolute Control that provide remediation capabilities, such as the ability to remotely freeze devices and delete data; Absolute Resilience, which offer remote scripting, self-healing for critical apps, investigation and recovery services, and sensitive data identification; Absolute Ransomware Response that enables organizations to assess their ransomware preparednes...[Read more]

Industry

Software - Application

IPO Date

2009-09-08

Stock Exchange

NASDAQ

Ticker

ABST

The Current Ratio as of November 2024 (TTM) for Absolute Software Corporation (ABST) is 0.78

According to Absolute Software Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.78. This represents a change of 12.62% compared to the average of 0.69 of the last 4 quarters.

Absolute Software Corporation (ABST) Historical Current Ratio (quarterly & annually)

How has ABST Current Ratio performed in the past?

The mean historical Current Ratio of Absolute Software Corporation over the last ten years is 0.83. The current 0.78 Current Ratio has changed 9.29% with respect to the historical average. Over the past ten years (40 quarters), ABST's Current Ratio was at its highest in in the December 2020 quarter at 1.53. The Current Ratio was at its lowest in in the December 2015 quarter at 0.52.

Quarterly (TTM)
Annual

Average

0.83

Median

0.81

Minimum

0.61

Maximum

1.38

Absolute Software Corporation (ABST) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Absolute Software Corporation 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 = 64.47%

Maximum Annual Current Ratio = 1.38

Minimum Annual Increase = -43.13%

Minimum Annual Current Ratio = 0.61

Quarterly (TTM)
Annual
YearCurrent RatioChange
20220.78-43.13%
20211.3864.47%
20200.8417.20%
20190.7117.58%
20180.61-4.81%
20170.641.65%
20160.63-31.54%
20150.92-8.82%
20141.0021.26%
20130.83-19.06%

Absolute Software Corporation (ABST) Average Current Ratio

How has ABST Current Ratio performed in the past?

The current Current Ratio of Absolute Software Corporation (ABST) 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

1.00

5-year avg

0.86

10-year avg

0.83

Absolute Software Corporation (ABST) Current Ratio vs. Peers

How is ABST’s Current Ratio compared to its peers?

Absolute Software Corporation’s Current Ratio is less than Model N, Inc. (3.82), less than Enfusion, Inc. (3.62), less than ON24, Inc. (2.75), less than Paycor HCM, Inc. (1.15), greater than PowerSchool Holdings, Inc. (0.27), less than American Software, Inc. (1.99), less than AppFolio, Inc. (6.20), less than Agilysys, Inc. (1.13), less than MiX Telematics Limited (1.22), less than Alkami Technology, Inc. (3.52), less than Adeia Inc. (3.42), less than Momentive Global Inc. (0.91), less than Clearwater Analytics Holdings, Inc. (4.66), less than nCino, Inc. (1.03), less than MeridianLink, Inc. (1.86), greater than Envestnet, Inc. (0.59),

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