Canaan Inc.

Canaan Inc.verified

CAN

Price:

$1.97

Market Cap:

$539.27M

Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. Canaan Inc. was founded in 2013 and is based in Beijing, the People's Republic of China.[Read more]

Industry

Computer Hardware

IPO Date

2019-11-20

Stock Exchange

NASDAQ

Ticker

CAN

The Current Ratio as of November 2024 (TTM) for Canaan Inc. (CAN) is 2.03

According to Canaan Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.03. This represents a change of -22.55% compared to the average of 2.63 of the last 4 quarters.

Canaan Inc. (CAN) Historical Current Ratio (quarterly & annually)

How has CAN Current Ratio performed in the past?

The mean historical Current Ratio of Canaan Inc. over the last ten years is 3.16. The current 2.03 Current Ratio has changed 6.33% with respect to the historical average. Over the past ten years (40 quarters), CAN's Current Ratio was at its highest in in the December 2022 quarter at 7.38. The Current Ratio was at its lowest in in the March 2018 quarter at 0.

Quarterly (TTM)
Annual

Average

3.16

Median

2.63

Minimum

1.18

Maximum

7.38

Canaan Inc. (CAN) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Canaan 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 = 191.97%

Maximum Annual Current Ratio = 7.38

Minimum Annual Increase = -65.45%

Minimum Annual Current Ratio = 1.18

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.63-64.33%
20227.38191.97%
20212.5348.77%
20201.70-48.46%
20193.30180.02%
20181.18-65.45%

Canaan Inc. (CAN) Average Current Ratio

How has CAN Current Ratio performed in the past?

The current Current Ratio of Canaan Inc. (CAN) 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

4.18

5-year avg

3.51

10-year avg

3.16

Canaan Inc. (CAN) Current Ratio vs. Peers

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

Canaan Inc.’s Current Ratio is less than 3D Systems Corporation (3.46), greater than NetApp, Inc. (0.91), less than Rigetti Computing, Inc. (4.84), less than Logitech International S.A. (2.21), less than Stratasys Ltd. (3.07), less than Desktop Metal, Inc. (2.34), greater than HP Inc. (0.71), less than Nano Dimension Ltd. (28.65), less than IonQ, Inc. (12.23), greater than D-Wave Quantum Inc. (1.36), greater than Velo3D, Inc. (1.69), greater than Dell Technologies Inc. (0.72), less than Super Micro Computer, Inc. (3.77), greater than Pure Storage, Inc. (1.92),

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