Covalon Technologies Ltd.

Covalon Technologies Ltd.verified

COV.V

Price:

$3.25

Market Cap:

$81.14M

Covalon Technologies Ltd. researches, develops, manufactures, commercializes, and licenses medical technologies and products in the United States, Canada, Europe, the Middle East, Asia, Latin America, and internationally. The company has 3 proprietary platform technologies, including collagen matrix platform that is used to manufacture a family of products to treat chronic and infected wounds, including diabetic ulcers, pressure ulcers, venous ulcers, donor and graft sites, traumatic wounds healing by secondary intention, dehisced surgical wounds, and first and second degree burns; antimicrobial silicone adhesive platform that is used for family of pre and post-surgical, and vascular access ...[Read more]

Industry

Biotechnology

IPO Date

2007-10-25

Stock Exchange

TSXV

Ticker

COV.V

The Current Ratio as of September 2024 (TTM) for Covalon Technologies Ltd. (COV.V) is 5.24

According to Covalon Technologies Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 5.24. This represents a change of 0.04% compared to the average of 5.24 of the last 4 quarters.

Covalon Technologies Ltd. (COV.V) Historical Current Ratio (quarterly & annually)

How has COV.V Current Ratio performed in the past?

The mean historical Current Ratio of Covalon Technologies Ltd. over the last ten years is 3.39. The current 5.24 Current Ratio has changed 15.36% with respect to the historical average. Over the past ten years (40 quarters), COV.V's Current Ratio was at its highest in in the June 2022 quarter at 10.04. The Current Ratio was at its lowest in in the December 2020 quarter at 0.63.

Quarterly (TTM)
Annual

Average

3.39

Median

3.07

Minimum

0.66

Maximum

7.49

Covalon Technologies Ltd. (COV.V) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Covalon Technologies Ltd. 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 = 1.04%

Maximum Annual Current Ratio = 7.49

Minimum Annual Increase = -53.00%

Minimum Annual Current Ratio = 0.66

Quarterly (TTM)
Annual
YearCurrent RatioChange
20234.10-31.60%
20226.00-19.95%
20217.491.04%
20200.66-47.44%
20191.25-53.00%
20182.66-23.85%
20173.4972.32%
20162.02-12.56%
20152.31-41.12%
20143.93153.24%

Covalon Technologies Ltd. (COV.V) Average Current Ratio

How has COV.V Current Ratio performed in the past?

The current Current Ratio of Covalon Technologies Ltd. (COV.V) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

5.87

5-year avg

3.90

10-year avg

3.39

Covalon Technologies Ltd. (COV.V) Current Ratio vs. Peers

How is COV.V’s Current Ratio compared to its peers?

Covalon Technologies Ltd.’s Current Ratio is less than BioSyent Inc. (6.13), less than Ceapro Inc. (7.10), greater than Hamilton Thorne Ltd. (2.63), greater than EnWave Corporation (2.84), less than Microbix Biosystems Inc. (6.62),

CompanyCurrent RatioMarket cap
6.13$126.17M
7.10$688.88K
2.63$212.88M
2.84$23.27M
6.62$47.07M

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