FTC Solar, Inc.

FTC Solar, Inc.verified

FTCI

Price:

$0.527

Market Cap:

$67.12M

FTC Solar, Inc. provides solar tracker systems, technology, software, and engineering services in the United States, Vietnam, and internationally. It offers two-panel in-portrait single-axis tracker solutions under the Voyager brand name. The company also provides SunPath, a software solution to enhance energy production; Atlas, a web-based enterprise-level database that allows users to manage their project portfolio; and SunDAT, a software solution enables automated design and optimization of solar panel systems across residential, commercial, and utility-scale sites. Its customers include project developers; solar asset owners; and engineering, procurement, and construction contractors tha...[Read more]

Industry

Solar

IPO Date

2021-04-28

Stock Exchange

NASDAQ

Ticker

FTCI

The Current Ratio as of September 2024 (TTM) for FTC Solar, Inc. (FTCI) is 1.64

According to FTC Solar, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.64. This represents a change of -14.01% compared to the average of 1.91 of the last 4 quarters.

FTC Solar, Inc. (FTCI) Historical Current Ratio (quarterly & annually)

How has FTCI Current Ratio performed in the past?

The mean historical Current Ratio of FTC Solar, Inc. over the last ten years is 1.70. The current 1.64 Current Ratio has changed 9.58% with respect to the historical average. Over the past ten years (40 quarters), FTCI's Current Ratio was at its highest in in the June 2021 quarter at 4.25. The Current Ratio was at its lowest in in the March 2020 quarter at 0.

Quarterly (TTM)
Annual

Average

1.70

Median

1.97

Minimum

0.91

Maximum

2.53

FTC Solar, Inc. (FTCI) Current Ratio by Quarter and Year

Discovering the peaks and valleys of FTC Solar, 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 = 130.12%

Maximum Annual Current Ratio = 2.53

Minimum Annual Increase = -22.21%

Minimum Annual Current Ratio = 0.91

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.980.91%
20221.97-22.21%
20212.53130.12%
20201.1020.95%

FTC Solar, Inc. (FTCI) Average Current Ratio

How has FTCI Current Ratio performed in the past?

The current Current Ratio of FTC Solar, Inc. (FTCI) 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

2.16

5-year avg

1.70

10-year avg

1.70

FTC Solar, Inc. (FTCI) Current Ratio vs. Peers

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

FTC Solar, Inc.’s Current Ratio is greater than SunPower Corporation (0.94), greater than Sunnova Energy International Inc. (0.97), greater than JinkoSolar Holding Co., Ltd. (1.08), less than Nextracker Inc. (2.11), greater than Canadian Solar Inc. (0.94), less than Sunrun Inc. (1.66), greater than Maxeon Solar Technologies, Ltd. (1.36), less than SolarEdge Technologies, Inc. (5.10), less than First Solar, Inc. (0), less than Shoals Technologies Group, Inc. (2.23), less than null (2.26),

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Frequently asked questions❓

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