Telefonaktiebolaget LM Ericsson (publ)

Telefonaktiebolaget LM Ericsson (publ)verified

ERIC

Price:

$8.14

Market Cap:

$296.59B

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides communication infrastructure, services, and software solutions to the telecom and other sectors. It operates through four segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment offers radio access network solutions for various network spectrum bands, including integrated high-performing hardware and software. This segment also provides integrated antenna and transport solutions; and a range of service portfolio covering network deployment and support. The Digital Services segment offers software-based solutions for business support systems, operational suppo...[Read more]

Industry

Communication Equipment

IPO Date

1981-08-24

Stock Exchange

NASDAQ

Ticker

ERIC

The Current Ratio as of November 2024 (TTM) for Telefonaktiebolaget LM Ericsson (publ) (ERIC) is 1.19

According to Telefonaktiebolaget LM Ericsson (publ)’s latest financial reports and current stock price. The company's current Current Ratio is 1.19. This represents a change of 0.52% compared to the average of 1.19 of the last 4 quarters.

Telefonaktiebolaget LM Ericsson (publ) (ERIC) Historical Current Ratio (quarterly & annually)

How has ERIC Current Ratio performed in the past?

The mean historical Current Ratio of Telefonaktiebolaget LM Ericsson (publ) over the last ten years is 1.55. The current 1.19 Current Ratio has changed 7.62% with respect to the historical average. Over the past ten years (40 quarters), ERIC's Current Ratio was at its highest in in the March 2016 quarter at 2.25. The Current Ratio was at its lowest in in the September 2023 quarter at 1.10.

Quarterly (TTM)
Annual

Average

1.55

Median

1.42

Minimum

1.19

Maximum

2.18

Telefonaktiebolaget LM Ericsson (publ) (ERIC) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Telefonaktiebolaget LM Ericsson (publ) 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 = 8.73%

Maximum Annual Current Ratio = 2.18

Minimum Annual Increase = -14.77%

Minimum Annual Current Ratio = 1.19

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.200.35%
20221.19-13.32%
20211.385.08%
20201.31-0.55%
20191.32-9.33%
20181.45-8.41%
20171.59-14.47%
20161.85-14.77%
20152.188.73%
20142.00-4.23%

Telefonaktiebolaget LM Ericsson (publ) (ERIC) Average Current Ratio

How has ERIC Current Ratio performed in the past?

The current Current Ratio of Telefonaktiebolaget LM Ericsson (publ) (ERIC) 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

1.26

5-year avg

1.28

10-year avg

1.55

Telefonaktiebolaget LM Ericsson (publ) (ERIC) Current Ratio vs. Peers

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

Telefonaktiebolaget LM Ericsson (publ)’s Current Ratio is less than Nokia Oyj (1.82), less than Marvell Technology, Inc. (1.79), less than Qorvo, Inc. (1.90), less than Skyworks Solutions, Inc. (5.54), greater than Crown Castle Inc. (0.54),

CompanyCurrent RatioMarket cap
1.82$22.79B
1.79$80.13B
1.90$6.55B
5.54$13.66B
0.54$45.82B

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