CubicFarm Systems Corp.

CubicFarm Systems Corp.verified

CUBXF

Price:

$0.05

Market Cap:

$8.47M

CubicFarm Systems Corp. develops, manufactures, and sells cubic farming systems for farmers worldwide. The company offers CubicFarm System and CubicFarms' HydroGreen Grow System. Its systems help farmers to produce lettuce, basil, microgreens, nutraceutical ingredients, and animal feed. The company was formerly known as Forty Foot Farms Ltd. and changed its name to CubicFarms Systems Corp. in June 2016. CubicFarms Systems Corp was incorporated in 2015 and is headquartered in Langley, Canada.[Read more]

Industry

Agricultural - Machinery

IPO Date

2019-11-14

Stock Exchange

PNK

Ticker

CUBXF

The Current Ratio as of November 2024 (TTM) for CubicFarm Systems Corp. (CUBXF) is 0.67

According to CubicFarm Systems Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 0.67. This represents a change of -16.57% compared to the average of 0.81 of the last 4 quarters.

CubicFarm Systems Corp. (CUBXF) Historical Current Ratio (quarterly & annually)

How has CUBXF Current Ratio performed in the past?

The mean historical Current Ratio of CubicFarm Systems Corp. over the last ten years is 2.89. The current 0.67 Current Ratio has changed 2.23% with respect to the historical average. Over the past ten years (40 quarters), CUBXF's Current Ratio was at its highest in in the June 2021 quarter at 4.40. The Current Ratio was at its lowest in in the September 2018 quarter at 0.

Quarterly (TTM)
Annual

Average

2.89

Median

3.34

Minimum

0.92

Maximum

3.93

CubicFarm Systems Corp. (CUBXF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of CubicFarm Systems 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 = 35.10%

Maximum Annual Current Ratio = 3.93

Minimum Annual Increase = -74.68%

Minimum Annual Current Ratio = 0.92

Quarterly (TTM)
Annual
YearCurrent RatioChange
20220.92-74.68%
20213.6135.10%
20202.68-19.80%
20193.34-15.19%

CubicFarm Systems Corp. (CUBXF) Average Current Ratio

How has CUBXF Current Ratio performed in the past?

The current Current Ratio of CubicFarm Systems Corp. (CUBXF) 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

2.40

5-year avg

2.89

10-year avg

2.89

CubicFarm Systems Corp. (CUBXF) Current Ratio vs. Peers

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

CubicFarm Systems Corp.’s Current Ratio is less than The Lion Electric Company (2.49), less than Nikola Corporation (1.17), less than Buhler Industries Inc. (3.35), less than CEA Industries Inc. (8.66), less than Toyota Industries Corporation (1.89), less than AmeraMex International, Inc. (1.30), less than Tornado Global Hydrovacs Ltd. (2.06), less than Hydrofarm Holdings Group, Inc. (3.15), less than Gencor Industries, Inc. (26.55), less than CEA Industries Inc. (8.66), less than Art's-Way Manufacturing Co., Inc. (1.55), greater than Lightning eMotors, Inc. (0.56), less than Xos, Inc. (4.99),

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