Loop Industries, Inc.

Loop Industries, Inc.verified

LOOP

Price:

$1.45

Market Cap:

$69.05M

Loop Industries, Inc., a technology company, focuses on depolymerizing waste polyethylene terephthalate (PET) plastics and polyester fibers into base building blocks. It polymerized monomers into virgin-quality PET resins for use in food-grade plastic packaging, such as plastic bottles for water and carbonated soft drinks, and containers for food and other consumer products; and polyester fibers, including textiles, clothing, and apparel. The company was incorporated in 2010 and is based in Terrebonne, Canada.[Read more]

Industry

Chemicals - Specialty

IPO Date

2017-11-20

Stock Exchange

NASDAQ

Ticker

LOOP

The Current Ratio as of September 2024 (TTM) for Loop Industries, Inc. (LOOP) is 1.96

According to Loop Industries, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.96. This represents a change of -59.66% compared to the average of 4.87 of the last 4 quarters.

Loop Industries, Inc. (LOOP) Historical Current Ratio (quarterly & annually)

How has LOOP Current Ratio performed in the past?

The mean historical Current Ratio of Loop Industries, Inc. over the last ten years is 4.63. The current 1.96 Current Ratio has changed 4.14% with respect to the historical average. Over the past ten years (40 quarters), LOOP's Current Ratio was at its highest in in the May 2015 quarter at 22.70. The Current Ratio was at its lowest in in the March 2015 quarter at 0.06.

Quarterly (TTM)
Annual

Average

4.63

Median

3.72

Minimum

0.10

Maximum

16.17

Loop Industries, Inc. (LOOP) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Loop Industries, 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 = 1.98%

Maximum Annual Current Ratio = 16.17

Minimum Annual Increase = -82.48%

Minimum Annual Current Ratio = 0.10

Quarterly (TTM)
Annual
YearCurrent RatioChange
20243.30-67.53%
202310.1691.94%
20225.2927.63%
20214.15-74.35%
202016.171.98%
20190.78-82.48%
20184.43244.03%
20171.2992.69%
20160.67562.33%
20140.10-63.42%

Loop Industries, Inc. (LOOP) Average Current Ratio

How has LOOP Current Ratio performed in the past?

The current Current Ratio of Loop Industries, Inc. (LOOP) 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

6.25

5-year avg

7.82

10-year avg

4.63

Loop Industries, Inc. (LOOP) Current Ratio vs. Peers

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

Loop Industries, Inc.’s Current Ratio is greater than H.B. Fuller Company (1.89), less than Element Solutions Inc (3.50), less than Innospec Inc. (2.63), less than Cabot Corporation (2.22), less than Minerals Technologies Inc. (2.46), less than Quaker Chemical Corporation (2.63), less than Sensient Technologies Corporation (4.16), greater than Avient Corporation (0.97), greater than Stepan Company (1.32), less than Oil-Dri Corporation of America (3.06), less than Northern Technologies International Corporation (2.56), greater than Orion Engineered Carbons S.A. (1.39), less than Koppers Holdings Inc. (2.53),

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