CION Investment Corporation

CION Investment Corporationverified

CION

Price:

$11.98

Market Cap:

$640.38M

CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, First Lien, second lien loans, long-term subordinated loans, and mezzanine loans; equity interests such as warrants or options; and corporate bonds; and other debt securities in middle-market companies. The firm invests in growth capital, acquisitions, leveraged buyouts, market/product expansion, refinancing and recapitalization. The fund also invests up to 30 percent of their assets opportunistically in other types of investments, including the securities of larger public companies and foreign securities. It also makes investments in the secondary...[Read more]

Industry

Asset Management

IPO Date

2021-10-05

Stock Exchange

NYSE

Ticker

CION

The Current Ratio as of September 2024 (TTM) for CION Investment Corporation (CION) is 1.43

According to CION Investment Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 1.43. This represents a change of 56.29% compared to the average of 0.92 of the last 4 quarters.

CION Investment Corporation (CION) Historical Current Ratio (quarterly & annually)

How has CION Current Ratio performed in the past?

The mean historical Current Ratio of CION Investment Corporation over the last ten years is 9.24. The current 1.43 Current Ratio has changed 1.45% with respect to the historical average. Over the past ten years (40 quarters), CION's Current Ratio was at its highest in in the September 2016 quarter at 73.18. The Current Ratio was at its lowest in in the December 2023 quarter at 0.01.

Quarterly (TTM)
Annual

Average

9.24

Median

6.34

Minimum

0.01

Maximum

25.79

CION Investment Corporation (CION) Current Ratio by Quarter and Year

Discovering the peaks and valleys of CION Investment Corporation 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 = 324.47%

Maximum Annual Current Ratio = 25.79

Minimum Annual Increase = -99.76%

Minimum Annual Current Ratio = 0.01

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.01-99.76%
20224.69193.03%
20211.60-87.79%
202013.1264.07%
20197.99324.47%
20181.88-23.02%
20172.45-73.66%
20169.29-63.98%
201525.790.66%
201425.62186.25%

CION Investment Corporation (CION) Average Current Ratio

How has CION Current Ratio performed in the past?

The current Current Ratio of CION Investment Corporation (CION) 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

2.10

5-year avg

5.48

10-year avg

9.24

CION Investment Corporation (CION) Current Ratio vs. Peers

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

CION Investment Corporation’s Current Ratio is less than Federated Hermes Premier Municipal Income Fund (4.36), greater than BlackRock MuniYield Fund, Inc. (0.30), less than Diamond Hill Investment Group, Inc. (2.38), greater than NXG NextGen Infrastructure Income Fund (0), less than Federated Hermes, Inc. (2.75), less than BlackRock MuniHoldings New York Quality Fund, Inc. (0), greater than Virtus Convertible & Income 2024 Target Term Fund (1.37), less than MFS Investment Grade Municipal Trust (2.04), less than BrightSphere Investment Group Inc. (3.11), less than BlackRock Municipal Income Fund, Inc. (2.87), greater than BlackRock MuniYield Quality Fund, Inc. (0.03), greater than BlackRock MuniYield Quality Fund III, Inc. (1.03), greater than BlackRock MuniHoldings Quality Fund II, Inc. (0.12), greater than PhenixFIN Corporation (0.10), less than OFS Capital Corporation (1.77), less than Virtus Convertible & Income Fund II (1.57), greater than Western Asset Diversified Income Fund (0.26), less than RiverNorth Capital and Income Fund, Inc. (2.95), greater than null (0),

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