Converge Technology Solutions Corp.

Converge Technology Solutions Corp.verified

CTSDF

Price:

$3.24

Market Cap:

$862.30M

Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions for corporate and government institutions in the United States and Canada. Its solutions approach delivers advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. The company engages in the networking, virtualization, storage, disaster recovery, and continuous replication of critical applications, infrastructure, data, and systems that assist clients in the deployment of data centres; assessment, design, architecture, and optimization of public and private cloud options; and provision of email, voice, a...[Read more]

Industry

Information Technology Services

IPO Date

2019-04-09

Stock Exchange

PNK

Ticker

CTSDF

The Current Ratio as of September 2024 (TTM) for Converge Technology Solutions Corp. (CTSDF) 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. (CTSDF) Historical Current Ratio (quarterly & annually)

How has CTSDF Current Ratio performed in the past?

The mean historical Current Ratio of Converge Technology Solutions Corp. over the last ten years is 0.74. The current 1.00 Current Ratio has changed 13.43% with respect to the historical average. Over the past ten years (40 quarters), CTSDF'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

0.74

Median

0.74

Minimum

0.00

Maximum

1.32

Converge Technology Solutions Corp. (CTSDF) 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 = 16.81%

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%
20180.6910.66%
20170.6216.81%

Converge Technology Solutions Corp. (CTSDF) Average Current Ratio

How has CTSDF Current Ratio performed in the past?

The current Current Ratio of Converge Technology Solutions Corp. (CTSDF) 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

0.74

Converge Technology Solutions Corp. (CTSDF) Current Ratio vs. Peers

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

Converge Technology Solutions Corp.’s Current Ratio is less than Appen Limited (1.95), less than Appen Limited (1.95), greater than Deveron Corp. (0.39), greater than Direct Communication Solutions, Inc. (0.15), less than Concentrix Corporation (1.54), less than EPAM Systems, Inc. (4.84), less than Globant S.A. (1.55), less than Infosys Limited (1.88), less than Capgemini SE (1.21), less than Quisitive Technology Solutions, Inc. (1.61), greater than AgileThought, Inc. (0.31), greater than Atos SE (0.79), greater than Atos SE (0.79),

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