Borqs Technologies, Inc.

Borqs Technologies, Inc.verified

BRQS

Price:

$0.43

Market Cap:

$6.28M

Borqs Technologies, Inc. provides Android-based smart connected devices and cloud service solutions in the United States, India, China, and internationally. The company offers commercial grade Android platform software and service solutions to address vertical market segment needs through the targeted BorqsWare software platform solutions. Its BorqsWare software platform consists of BorqsWare Client software that has been used in Android phones, tablets, watches, and various Internet-of-things devices; and BorqsWare Server software platform, which includes back-end server software that allows customers to develop their own mobile end-to-end services for their devices. In addition, it provide...[Read more]

Industry

Software - Application

IPO Date

2015-11-05

Stock Exchange

NASDAQ

Ticker

BRQS

The Current Ratio as of September 2024 (TTM) for Borqs Technologies, Inc. (BRQS) is 0.74

According to Borqs Technologies, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.74. This represents a change of 109.31% compared to the average of 0.35 of the last 4 quarters.

Borqs Technologies, Inc. (BRQS) Historical Current Ratio (quarterly & annually)

How has BRQS Current Ratio performed in the past?

The mean historical Current Ratio of Borqs Technologies, Inc. over the last ten years is 0.83. The current 0.74 Current Ratio has changed 8.78% with respect to the historical average. Over the past ten years (40 quarters), BRQS's Current Ratio was at its highest in in the December 2015 quarter at 16.24. The Current Ratio was at its lowest in in the November 2022 quarter at 0.

Quarterly (TTM)
Annual

Average

0.83

Median

0.65

Minimum

0.27

Maximum

2.03

Borqs Technologies, Inc. (BRQS) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Borqs Technologies, 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 = 76.31%

Maximum Annual Current Ratio = 2.03

Minimum Annual Increase = -49.76%

Minimum Annual Current Ratio = 0.27

Quarterly (TTM)
Annual
YearCurrent RatioChange
20220.7452.21%
20210.4876.31%
20200.27-22.12%
20190.35-45.48%
20180.65-49.76%
20171.29-36.52%

Borqs Technologies, Inc. (BRQS) Average Current Ratio

How has BRQS Current Ratio performed in the past?

The current Current Ratio of Borqs Technologies, Inc. (BRQS) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

0.50

5-year avg

0.50

10-year avg

0.83

Borqs Technologies, Inc. (BRQS) Current Ratio vs. Peers

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

Borqs Technologies, Inc.’s Current Ratio is less than CXApp Inc. (0), greater than T Stamp Inc. (0.52), greater than Freight Technologies, Inc. (0.64), less than Infobird Co., Ltd (1.25), less than MMTec, Inc. (86.79), less than Blackboxstocks Inc. (1.52), greater than Nogin, Inc. (0.29), greater than Versus Systems Inc. (0.14), less than null (55.56),

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