Converge Technology Solutions Corp.

Converge Technology Solutions Corp.verified

CTS.TO

Price:

$4.33

Market Cap:

$845.24M

Converge Technology Solutions Corp., through its subsidiaries, distributes storage devices and systems, computer products, software, and peripherals. The company also provides installation and maintenance; analytics, hybrid cloud, infrastructure, and cybersecurity services; cloud delivery, compute efficiency, network optimization, and IT spend optimization solutions; and IT professional services, such as data center infrastructure integration and solutioning, and cloud optimization. In addition, it offers business continuity, managed, cognitive, and cybersecurity solutions; IT portfolio management, and consulting services; and multi-site IT deployments, and ISV/OEM solutions. Further, the co...[Read more]

Industry

Information Technology Services

IPO Date

2018-11-13

Stock Exchange

TSX

Ticker

CTS.TO

The Current Ratio as of September 2024 (TTM) for Converge Technology Solutions Corp. (CTS.TO) is 1.00

According to Converge Technology Solutions Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 1.00. This represents a change of -1.20% compared to the average of 1.02 of the last 4 quarters.

Converge Technology Solutions Corp. (CTS.TO) Historical Current Ratio (quarterly & annually)

How has CTS.TO Current Ratio performed in the past?

The mean historical Current Ratio of Converge Technology Solutions Corp. over the last ten years is 0.75. The current 1.00 Current Ratio has changed 13.33% with respect to the historical average. Over the past ten years (40 quarters), CTS.TO's Current Ratio was at its highest in in the February 2018 quarter at 58.16. The Current Ratio was at its lowest in in the March 2017 quarter at 0.

Quarterly (TTM)
Annual

Average

0.75

Median

0.74

Minimum

0.00

Maximum

1.32

Converge Technology Solutions Corp. (CTS.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Converge Technology Solutions Corp. 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 = 18.03%

Maximum Annual Current Ratio = 1.32

Minimum Annual Increase = -40.58%

Minimum Annual Current Ratio = 0.00

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.0433.09%
20220.78-40.58%
20211.3258.12%
20200.8429.47%
20190.65-6.24%
20180.693.22%
20170.6718.03%

Converge Technology Solutions Corp. (CTS.TO) Average Current Ratio

How has CTS.TO Current Ratio performed in the past?

The current Current Ratio of Converge Technology Solutions Corp. (CTS.TO) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.05

5-year avg

0.93

10-year avg

0.75

Converge Technology Solutions Corp. (CTS.TO) Current Ratio vs. Peers

How is CTS.TO’s Current Ratio compared to its peers?

Converge Technology Solutions Corp.’s Current Ratio is less than Dye & Durham Limited (1.06), less than Nuvei Corporation (1.06), less than Docebo Inc. (1.11), greater than Topicus.com Inc. (0.62), less than goeasy Ltd. (26.84),

CompanyCurrent RatioMarket cap
1.06$1.00B
1.06$6.44B
1.11$1.79B
0.62$11.16B
26.84$3.03B

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