Basanite, Inc.

Basanite, Inc.verified

BASA

Price:

$0.018

Market Cap:

$4.68M

Basanite, Inc. engages in the basalt fiber reinforced polymer (FRP) business worldwide. It produces basalt FRP products that are used as replacement for other FRP rebar and industry fiber products, as wells as steel reinforcement. The company was formerly known as PayMeOn, Inc. and changed its name to Basanite, Inc. in December 2018. Basanite, Inc. was founded in 2006 and is headquartered in Oakland Park, Florida.[Read more]

Industry

Construction Materials

IPO Date

2013-08-05

Stock Exchange

PNK

Ticker

BASA

The Current Ratio as of September 2024 (TTM) for Basanite, Inc. (BASA) is 0.01

According to Basanite, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.01. This represents a change of -23.40% compared to the average of 0.02 of the last 4 quarters.

Basanite, Inc. (BASA) Historical Current Ratio (quarterly & annually)

How has BASA Current Ratio performed in the past?

The mean historical Current Ratio of Basanite, Inc. over the last ten years is 0.14. The current 0.01 Current Ratio has changed 760.25% with respect to the historical average. Over the past ten years (40 quarters), BASA's Current Ratio was at its highest in in the September 2021 quarter at 0.71. The Current Ratio was at its lowest in in the September 2015 quarter at 0.00.

Quarterly (TTM)
Annual

Average

0.14

Median

0.13

Minimum

0.01

Maximum

0.30

Basanite, Inc. (BASA) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Basanite, 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 = 1.64%

Maximum Annual Current Ratio = 0.30

Minimum Annual Increase = -79.75%

Minimum Annual Current Ratio = 0.01

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.01-79.75%
20220.06-77.27%
20210.27-10.54%
20200.3057.00%
20190.1971.28%
20180.11-55.59%
20170.25743.22%
20160.03-78.66%
20150.141.64%
20140.01240.18%

Basanite, Inc. (BASA) Average Current Ratio

How has BASA Current Ratio performed in the past?

The current Current Ratio of Basanite, Inc. (BASA) 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

0.11

5-year avg

0.17

10-year avg

0.14

Basanite, Inc. (BASA) Current Ratio vs. Peers

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

Basanite, Inc.’s Current Ratio is less than Xinyi Glass Holdings Limited (1.08), less than CEMATRIX Corporation (3.46), less than Anhui Conch Cement Company Limited (3.39), less than CEMEX, S.A.B. de C.V. (0.90), less than China National Building Material Company Limited (0.91), less than Anhui Conch Cement Company Limited (3.39), less than Buzzi Unicem S.p.A. (3.62), less than Wienerberger AG (1.35), less than Holcim Ltd (1.23), less than Summit Materials, Inc. (2.62), less than Cementos Pacasmayo S.A.A. (1.54), less than James Hardie Industries plc (1.94), less than United States Lime & Minerals, Inc. (21.29), less than Eagle Materials Inc. (2.45),

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