Hitek Global Inc.

Hitek Global Inc.verified

HKIT

Price:

$1.46

Market Cap:

$21.01M

Hitek Global Inc. provides information technology (IT) consulting and solutions to business in various industry sectors in China. It offers services to small and medium businesses, which consist of anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; and sells hardware to large businesses, such as laptops, printers, desktop computers and related accessories, as well as Internet servers, cameras, and monitors. Hitek Global Inc. was founded in 1996 and is headquartered in Xiamen, China.[Read more]

Industry

Software - Application

IPO Date

2023-03-31

Stock Exchange

NASDAQ

Ticker

HKIT

The Current Ratio as of September 2024 (TTM) for Hitek Global Inc. (HKIT) is 7.35

According to Hitek Global Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 7.35. This represents a change of 30.43% compared to the average of 5.63 of the last 4 quarters.

Hitek Global Inc. (HKIT) Historical Current Ratio (quarterly & annually)

How has HKIT Current Ratio performed in the past?

The mean historical Current Ratio of Hitek Global Inc. over the last ten years is 3.99. The current 7.35 Current Ratio has changed 18.32% with respect to the historical average. Over the past ten years (40 quarters), HKIT's Current Ratio was at its highest in in the September 2023 quarter at 7.35. The Current Ratio was at its lowest in in the January 2017 quarter at 0.

Quarterly (TTM)
Annual

Average

3.99

Median

3.80

Minimum

1.93

Maximum

7.35

Hitek Global Inc. (HKIT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Hitek Global 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 = 155.27%

Maximum Annual Current Ratio = 7.35

Minimum Annual Increase = -38.09%

Minimum Annual Current Ratio = 1.93

Quarterly (TTM)
Annual
YearCurrent RatioChange
20237.35155.27%
20222.88-38.09%
20214.652.76%
20204.5310.92%
20194.0836.59%
20182.99-15.12%
20173.5282.45%

Hitek Global Inc. (HKIT) Average Current Ratio

How has HKIT Current Ratio performed in the past?

The current Current Ratio of Hitek Global Inc. (HKIT) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

4.96

5-year avg

4.70

10-year avg

3.99

Hitek Global Inc. (HKIT) Current Ratio vs. Peers

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

Hitek Global Inc.’s Current Ratio is greater than Enfusion, Inc. (4.15), greater than E2open Parent Holdings, Inc. (1.00), greater than Envestnet, Inc. (1.14), greater than Momentive Global Inc. (0.90), greater than Clearwater Analytics Holdings, Inc. (4.73), greater than Expensify, Inc. (2.20), greater than Model N, Inc. (3.82), greater than IDEX Biometrics ASA (2.73), greater than Issuer Direct Corporation (0.82), greater than eGain Corporation (1.69), greater than MiX Telematics Limited (1.22), greater than Research Solutions, Inc. (0.74), greater than IDEX Biometrics ASA (3.63),

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