Chegg, Inc.

Chegg, Inc.verified

CHGG

Price:

$1.9

Market Cap:

$196.97M

Chegg, Inc. operates direct-to-student learning platform that supports students starting with their academic journey and extending into their careers with products and services to support and help them better understand their academic course materials. The company offers Chegg Services, which include subscription services; and required materials that comprise its print textbooks and eTextbooks. Its subscription services include Chegg Study, which helps students master challenging concepts on their own; Chegg Writing that provides students with a suite of tools, such as plagiarism detection scans, grammar and writing fluency checking, expert personalized writing feedback, and premium citation...[Read more]

Industry

Education & Training Services

IPO Date

2013-11-13

Stock Exchange

NYSE

Ticker

CHGG

The Current Ratio as of September 2024 (TTM) for Chegg, Inc. (CHGG) is 0.89

According to Chegg, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.89. This represents a change of -27.52% compared to the average of 1.23 of the last 4 quarters.

Chegg, Inc. (CHGG) Historical Current Ratio (quarterly & annually)

How has CHGG Current Ratio performed in the past?

The mean historical Current Ratio of Chegg, Inc. over the last ten years is 6.38. The current 0.89 Current Ratio has changed 1.30% with respect to the historical average. Over the past ten years (40 quarters), CHGG's Current Ratio was at its highest in in the June 2021 quarter at 18.64. The Current Ratio was at its lowest in in the December 2023 quarter at 0.80.

Quarterly (TTM)
Annual

Average

6.38

Median

6.34

Minimum

0.80

Maximum

14.19

Chegg, Inc. (CHGG) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Chegg, 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 = 156.46%

Maximum Annual Current Ratio = 14.19

Minimum Annual Increase = -90.29%

Minimum Annual Current Ratio = 0.80

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.80-90.29%
20228.24-41.93%
202114.1931.64%
202010.78-4.67%
201911.3136.34%
20188.2986.80%
20174.44156.46%
20161.73-26.87%
20152.3742.53%
20141.66-35.66%

Chegg, Inc. (CHGG) Average Current Ratio

How has CHGG Current Ratio performed in the past?

The current Current Ratio of Chegg, Inc. (CHGG) 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

7.74

5-year avg

9.06

10-year avg

6.38

Chegg, Inc. (CHGG) Current Ratio vs. Peers

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

Chegg, Inc.’s Current Ratio is less than Coursera, Inc. (2.52), less than Udemy, Inc. (1.28), less than TAL Education Group (2.94), greater than Youdao, Inc. (0.45), greater than 2U, Inc. (0.15), less than Stride, Inc. (5.10), greater than Adtalem Global Education Inc. (0.86), less than New Oriental Education & Technology Group Inc. (1.80), less than Gaotu Techedu Inc. (1.47), less than 17 Education & Technology Group Inc. (3.38), less than Elite Education Group International Limited (1.27),

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