Ascent Industries Co.

Ascent Industries Co.verified

ACNT

Price:

$8.3

Market Cap:

$84.04M

Ascent Industries Co. an industrials company, focuses on the production and distribution of industrial tubular products and specialty chemicals in the United States and internationally. It manufactures welded pipes and tubes, primarily from stainless steel, duplex, and nickel alloys; and galvanized carbon tubes, as well as related stainless pipe products. The company also manufactures ornamental stainless-steel tubes for supply to the automotive, commercial transportation, marine, food services, construction, furniture, healthcare, and other industries; provides fiberglass and steel storage tanks for the oil and gas, waste water treatment, and municipal water industries; and distributes hot ...[Read more]

Industry

Steel

IPO Date

1980-03-17

Stock Exchange

NASDAQ

Ticker

ACNT

The Current Ratio as of September 2024 (TTM) for Ascent Industries Co. (ACNT) is 3.16

According to Ascent Industries Co.’s latest financial reports and current stock price. The company's current Current Ratio is 3.16. This represents a change of -6.26% compared to the average of 3.37 of the last 4 quarters.

Ascent Industries Co. (ACNT) Historical Current Ratio (quarterly & annually)

How has ACNT Current Ratio performed in the past?

The mean historical Current Ratio of Ascent Industries Co. over the last ten years is 3.63. The current 3.16 Current Ratio has changed 8.61% with respect to the historical average. Over the past ten years (40 quarters), ACNT's Current Ratio was at its highest in in the December 2022 quarter at 5.09. The Current Ratio was at its lowest in in the December 2014 quarter at 2.59.

Quarterly (TTM)
Annual

Average

3.63

Median

3.52

Minimum

2.59

Maximum

5.09

Ascent Industries Co. (ACNT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Ascent Industries Co. 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 = 60.61%

Maximum Annual Current Ratio = 5.09

Minimum Annual Increase = -36.60%

Minimum Annual Current Ratio = 2.59

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.61-29.12%
20225.0960.61%
20213.17-22.46%
20204.0912.71%
20193.63-19.39%
20184.5038.92%
20173.248.81%
20162.98-13.36%
20153.4332.82%
20142.59-36.60%

Ascent Industries Co. (ACNT) Average Current Ratio

How has ACNT Current Ratio performed in the past?

The current Current Ratio of Ascent Industries Co. (ACNT) 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

3.95

5-year avg

3.92

10-year avg

3.63

Ascent Industries Co. (ACNT) Current Ratio vs. Peers

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

Ascent Industries Co.’s Current Ratio is less than Grupo Simec, S.A.B. de C.V. (3.59), greater than Schnitzer Steel Industries, Inc. (1.96), less than Mesabi Trust (6.35), less than Algoma Steel Group Inc. (4.19), greater than Aperam S.A. (1.63), greater than Acerinox, S.A. (2.25), less than Algoma Steel Group Inc. (4.19), greater than ArcelorMittal S.A. (1.53), less than Kumba Iron Ore Limited (3.48),

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