High Tide Inc.

High Tide Inc.verified

HITI

Price:

$2.65

Market Cap:

$298.88M

High Tide Inc. engages in the cannabis retail business in Canada, Europe, the United States, and internationally. The company designs, manufactures, and distributes smoking accessories and cannabis lifestyle products. It is also involved in the wholesale and retailing of cannabis products, as well as operates and franchises licensed retail cannabis stores. In addition, the company provides data analytics services, as well as operates Grasscity.com and CBDcity.com platforms. As of August 4, 2022, it operated 139 retail locations in Ontario, Alberta, British Columbia, Manitoba, and Saskatchewan. The company was formerly known as High Tide Ventures Inc. and changed its name to High Tide Inc. in...[Read more]

Industry

Medical - Pharmaceuticals

IPO Date

2021-01-08

Stock Exchange

NASDAQ

Ticker

HITI

The Current Ratio as of November 2024 (TTM) for High Tide Inc. (HITI) is 1.26

According to High Tide Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.26. This represents a change of 6.26% compared to the average of 1.19 of the last 4 quarters.

High Tide Inc. (HITI) Historical Current Ratio (quarterly & annually)

How has HITI Current Ratio performed in the past?

The mean historical Current Ratio of High Tide Inc. over the last ten years is 1.63. The current 1.26 Current Ratio has changed 7.64% with respect to the historical average. Over the past ten years (40 quarters), HITI's Current Ratio was at its highest in in the October 2018 quarter at 6.76. The Current Ratio was at its lowest in in the July 2017 quarter at 0.

Quarterly (TTM)
Annual

Average

1.63

Median

1.10

Minimum

0.48

Maximum

6.76

High Tide Inc. (HITI) Current Ratio by Quarter and Year

Discovering the peaks and valleys of High Tide 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 = 1.24%

Maximum Annual Current Ratio = 6.76

Minimum Annual Increase = -82.55%

Minimum Annual Current Ratio = 0.48

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.1810.48%
20221.07-5.83%
20211.1361.65%
20200.70-40.48%
20191.18-82.55%
20186.761.24%
20170.503.99%

High Tide Inc. (HITI) Average Current Ratio

How has HITI Current Ratio performed in the past?

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

3-year avg

1.13

5-year avg

1.05

10-year avg

1.63

High Tide Inc. (HITI) Current Ratio vs. Peers

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

High Tide Inc.’s Current Ratio is greater than Leafly Holdings, Inc. (0.49), less than Nova Cannabis Inc. (1.96), less than TRxADE HEALTH, Inc. (4.16), less than SunLink Health Systems, Inc. (4.06), greater than Kiaro Holdings Corp. (1.23), greater than GABY Inc. (0), greater than Leafly Holdings, Inc. (0.49), greater than China Jo-Jo Drugstores, Inc. (0.94), less than MedAvail Holdings, Inc. (4.03), greater than BIMI International Medical Inc. (1.21), less than PetMed Express, Inc. (1.45), greater than Rite Aid Corporation (0.57),

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