Golden Matrix Group, Inc.

Golden Matrix Group, Inc.verified

GMGI

Price:

$2.34

Market Cap:

$284.73M

Golden Matrix Group, Inc. provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region and Europe. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers. The company also provides services and resells third party gaming content to licensed online gaming distributors. Its platform is accessed through desktop and mobile applica...[Read more]

Industry

Electronic Gaming & Multimedia

IPO Date

2009-10-30

Stock Exchange

NASDAQ

Ticker

GMGI

The Current Ratio as of September 2024 (TTM) for Golden Matrix Group, Inc. (GMGI) is 5.40

According to Golden Matrix Group, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 5.40. This represents a change of -8.35% compared to the average of 5.89 of the last 4 quarters.

Golden Matrix Group, Inc. (GMGI) Historical Current Ratio (quarterly & annually)

How has GMGI Current Ratio performed in the past?

The mean historical Current Ratio of Golden Matrix Group, Inc. over the last ten years is 4.91. The current 5.40 Current Ratio has changed 10.89% with respect to the historical average. Over the past ten years (40 quarters), GMGI's Current Ratio was at its highest in in the January 2021 quarter at 25.00. The Current Ratio was at its lowest in in the April 2014 quarter at 0.00.

Quarterly (TTM)
Annual

Average

4.91

Median

0.23

Minimum

0.00

Maximum

25.00

Golden Matrix Group, Inc. (GMGI) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Golden Matrix Group, 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 = 2.89%

Maximum Annual Current Ratio = 25.00

Minimum Annual Increase = -95.49%

Minimum Annual Current Ratio = 0.00

Quarterly (TTM)
Annual
YearCurrent RatioChange
20227.10-52.19%
202114.86-40.56%
202125.001.42%
20191.65333.63%
20180.38602.68%
20170.051.65%
20160.00-85.51%
20150.02-70.90%
20140.072.89%
20130.00-95.49%

Golden Matrix Group, Inc. (GMGI) Average Current Ratio

How has GMGI Current Ratio performed in the past?

The current Current Ratio of Golden Matrix Group, Inc. (GMGI) is less than than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

15.65

5-year avg

9.80

10-year avg

4.91

Golden Matrix Group, Inc. (GMGI) Current Ratio vs. Peers

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

Golden Matrix Group, Inc.’s Current Ratio is greater than i3 Interactive Inc. (1.44), greater than Engine Gaming and Media, Inc. (0.61), greater than PLAYSTUDIOS, Inc. (4.14), greater than Snail, Inc. Class A Common Stock (0.78), less than DoubleDown Interactive Co., Ltd. (18.40), greater than Tiidal Gaming Group Corp. (2.45), greater than Swarmio Media Holdings Inc. (0.21), less than SciPlay Corporation (7.32), greater than Nexters Inc. (0.58),

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