FlexShopper, Inc.

FlexShopper, Inc.verified

FPAY

Price:

$1.68

Market Cap:

$36.06M

FlexShopper, Inc., a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. It offers durable products, including consumer electronics; home appliances; computers, including tablets and wearables; smartphones; tires; and jewelry and furniture, such as accessories. The company was formerly known as Anchor Funding Services, Inc. and changed its name to FlexShopper, Inc. in October 2013. FlexShopper, Inc. was founded in 2003 and is headquartered in Boca Raton, Florida.[Read more]

Industry

Rental & Leasing Services

IPO Date

2010-04-05

Stock Exchange

NASDAQ

Ticker

FPAY

The Current Ratio as of November 2024 (TTM) for FlexShopper, Inc. (FPAY) is 7.98

According to FlexShopper, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 7.98. This represents a change of -32.31% compared to the average of 11.78 of the last 4 quarters.

FlexShopper, Inc. (FPAY) Historical Current Ratio (quarterly & annually)

How has FPAY Current Ratio performed in the past?

The mean historical Current Ratio of FlexShopper, Inc. over the last ten years is 5.32. The current 7.98 Current Ratio has changed 14.89% with respect to the historical average. Over the past ten years (40 quarters), FPAY's Current Ratio was at its highest in in the June 2024 quarter at 15.78. The Current Ratio was at its lowest in in the June 2018 quarter at 1.03.

Quarterly (TTM)
Annual

Average

5.32

Median

6.02

Minimum

1.35

Maximum

9.68

FlexShopper, Inc. (FPAY) Current Ratio by Quarter and Year

Discovering the peaks and valleys of FlexShopper, Inc. 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 = 258.73%

Maximum Annual Current Ratio = 9.68

Minimum Annual Increase = -77.28%

Minimum Annual Current Ratio = 1.35

Quarterly (TTM)
Annual
YearCurrent RatioChange
20239.687.90%
20228.9746.83%
20216.1167.46%
20203.65-41.25%
20196.21258.73%
20181.7328.49%
20171.35-77.28%
20165.93-4.04%
20156.1882.20%
20143.3976.18%

FlexShopper, Inc. (FPAY) Average Current Ratio

How has FPAY Current Ratio performed in the past?

The current Current Ratio of FlexShopper, Inc. (FPAY) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

8.25

5-year avg

6.92

10-year avg

5.32

FlexShopper, Inc. (FPAY) Current Ratio vs. Peers

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

FlexShopper, Inc.’s Current Ratio is greater than Bird Global, Inc. (0.19), greater than AZN Capital Corp. (0.04), greater than FTAI Aviation Ltd. (3.91), greater than Ashtead Group plc (1.17), less than Alta Equipment Group Inc. (0), greater than PROG Holdings, Inc. (1.35), greater than GATX Corporation (5.02), greater than McGrath RentCorp (2.10), greater than Custom Truck One Source, Inc. (1.25), greater than Ashtead Group plc (1.28), greater than African Discovery Group, Inc. (1.17), greater than Emeco Holdings Limited (0.19), greater than Solution Financial Inc. (1.50), greater than BOC Aviation Limited (1.29), greater than null (0.35),

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Frequently asked questions❓

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