Credo Technology Group Holding Ltd

Credo Technology Group Holding Ltdverified

CRDO

Price:

$45.84

Market Cap:

$7.61B

Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Mexico, Mainland China, Hong Kong, and internationally. Its products include integrated circuits, active electrical cables, and SerDes chiplets that are based on its serializer/deserializer and digital signal processor technologies. The company also offers intellectual property solutions consist of SerDes IP licensing. The company was founded in 2008 and is headquartered in San Jose, California.[Read more]

Industry

Communication Equipment

IPO Date

2022-01-27

Stock Exchange

NASDAQ

Ticker

CRDO

The Current Ratio as of November 2024 (TTM) for Credo Technology Group Holding Ltd (CRDO) is 7.81

According to Credo Technology Group Holding Ltd’s latest financial reports and current stock price. The company's current Current Ratio is 7.81. This represents a change of -24.21% compared to the average of 10.31 of the last 4 quarters.

Credo Technology Group Holding Ltd (CRDO) Historical Current Ratio (quarterly & annually)

How has CRDO Current Ratio performed in the past?

The mean historical Current Ratio of Credo Technology Group Holding Ltd over the last ten years is 10.23. The current 7.81 Current Ratio has changed 7.54% with respect to the historical average. Over the past ten years (40 quarters), CRDO's Current Ratio was at its highest in in the January 2024 quarter at 12.72. The Current Ratio was at its lowest in in the July 2020 quarter at 0.

Quarterly (TTM)
Annual

Average

10.23

Median

11.00

Minimum

5.16

Maximum

12.54

Credo Technology Group Holding Ltd (CRDO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Credo Technology Group Holding 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 = 113.11%

Maximum Annual Current Ratio = 12.54

Minimum Annual Increase = -15.63%

Minimum Annual Current Ratio = 5.16

Quarterly (TTM)
Annual
YearCurrent RatioChange
202411.8812.35%
202310.58-15.63%
202212.5414.01%
202111.00113.11%

Credo Technology Group Holding Ltd (CRDO) Average Current Ratio

How has CRDO Current Ratio performed in the past?

The current Current Ratio of Credo Technology Group Holding Ltd (CRDO) 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

11.67

5-year avg

10.23

10-year avg

10.23

Credo Technology Group Holding Ltd (CRDO) Current Ratio vs. Peers

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

Credo Technology Group Holding Ltd’s Current Ratio is greater than Zebra Technologies Corporation (1.37), greater than Ubiquiti Inc. (2.54), greater than Ciena Corporation (4.06), less than Clearfield, Inc. (9.43), greater than Viavi Solutions Inc. (3.71), greater than Infinera Corporation (1.58), greater than Applied Optoelectronics, Inc. (1.61), greater than Juniper Networks, Inc. (1.72), greater than Cisco Systems, Inc. (0.88), greater than Nokia Oyj (1.82), greater than Motorola Solutions, Inc. (1.25), greater than Lumentum Holdings Inc. (5.36), greater than Extreme Networks, Inc. (0.91), greater than Actelis Networks, Inc. (1.42), greater than ClearOne, Inc. (6.92), greater than Siyata Mobile Inc. (1.03), greater than Satixfy Communications Ltd. (0.47), less than Wireless Telecom Group, Inc. (9.09),

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