CBAK Energy Technology, Inc.

CBAK Energy Technology, Inc.verified

CBAT

Price:

$0.99

Market Cap:

$89.04M

CBAK Energy Technology, Inc., together with its subsidiaries, develops, manufactures, and sells lithium batteries in Mainland China, the United States, Korea, Europe, and internationally. Its products are used in various applications, including electric vehicles, such as electric cars, electric buses, and hybrid electric cars and buses; light electric vehicles that include electric bicycles, electric motors, and sight-seeing cars; and electric tools, energy storage, uninterruptible power supply, and other high power applications, as well as cordless power tools. The company was formerly known as China BAK Battery, Inc. and changed its name to CBAK Energy Technology, Inc. in January 2017. CBA...[Read more]

Industry

Electrical Equipment & Parts

IPO Date

2005-02-14

Stock Exchange

NASDAQ

Ticker

CBAT

The Current Ratio as of September 2024 (TTM) for CBAK Energy Technology, Inc. (CBAT) is 0.85

According to CBAK Energy Technology, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.85. This represents a change of 2.44% compared to the average of 0.83 of the last 4 quarters.

CBAK Energy Technology, Inc. (CBAT) Historical Current Ratio (quarterly & annually)

How has CBAT Current Ratio performed in the past?

The mean historical Current Ratio of CBAK Energy Technology, Inc. over the last ten years is 0.72. The current 0.85 Current Ratio has changed 11.76% with respect to the historical average. Over the past ten years (40 quarters), CBAT's Current Ratio was at its highest in in the March 2021 quarter at 1.34. The Current Ratio was at its lowest in in the September 2014 quarter at 0.26.

Quarterly (TTM)
Annual

Average

0.72

Median

0.70

Minimum

0.26

Maximum

1.12

CBAK Energy Technology, Inc. (CBAT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of CBAK Energy Technology, 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 = 115.72%

Maximum Annual Current Ratio = 1.12

Minimum Annual Increase = -37.46%

Minimum Annual Current Ratio = 0.26

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.80-28.75%
20221.123.09%
20211.0927.11%
20200.8677.48%
20190.48-20.38%
20180.61-16.82%
20170.737.26%
20160.6819.97%
20150.57115.72%
20140.26-37.46%

CBAK Energy Technology, Inc. (CBAT) Average Current Ratio

How has CBAT Current Ratio performed in the past?

The current Current Ratio of CBAK Energy Technology, Inc. (CBAT) is less than than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

1.00

5-year avg

0.87

10-year avg

0.72

CBAK Energy Technology, Inc. (CBAT) Current Ratio vs. Peers

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

CBAK Energy Technology, Inc.’s Current Ratio is less than Pioneer Power Solutions, Inc. (1.52), less than Ocean Power Technologies, Inc. (1.43), less than Ideal Power Inc. (23.26), less than Expion360 Inc. (1.37), less than Polar Power, Inc. (2.08), less than Lightbridge Corporation (29.34), less than Eos Energy Enterprises, Inc. (2.68), less than EnerSys (2.70), less than Flux Power Holdings, Inc. (1.10), less than Enovix Corporation (8.52), less than ESS Tech, Inc. (3.26), less than FREYR Battery (6.63), less than Microvast Holdings, Inc. (1.12), less than Eos Energy Enterprises, Inc. (2.68), less than Plug Power Inc. (2.07), less than Bloom Energy Corporation (4.52), less than Solid Power, Inc. (7.01),

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