Lite Access Technologies Inc.

Lite Access Technologies Inc.verified

LTE.V

Price:

$0.095

Market Cap:

$6.87M

Lite Access Technologies Inc. manufactures, distributes, sells, and installs fiber optic technology specializing in micro-duct and air-blown fiber in Canada, the United States, and internationally. It operates through three segments: Product, Fibre Optic Installation, and Concrete Cutting. The company offers micro-duct, air-blown fiber, and micro and narrow trench installation services for use in various communication networks. It also provides fiber-optic cables, aerial and low fire hazard micro-ducts, connectors, and sundries, as well as proprietary items, such as a cutting head, shark blades, and the LiteXtend solution, as well as breeze cable blowing machines. The company serves municipa...[Read more]

Industry

Communication Equipment

IPO Date

2017-02-08

Stock Exchange

TSXV

Ticker

LTE.V

The Current Ratio as of September 2024 (TTM) for Lite Access Technologies Inc. (LTE.V) is 0.68

According to Lite Access Technologies Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.68. This represents a change of -17.18% compared to the average of 0.82 of the last 4 quarters.

Lite Access Technologies Inc. (LTE.V) Historical Current Ratio (quarterly & annually)

How has LTE.V Current Ratio performed in the past?

The mean historical Current Ratio of Lite Access Technologies Inc. over the last ten years is 2.54. The current 0.68 Current Ratio has changed 2.58% with respect to the historical average. Over the past ten years (40 quarters), LTE.V's Current Ratio was at its highest in in the March 2015 quarter at 33.66. The Current Ratio was at its lowest in in the June 2014 quarter at 0.

Quarterly (TTM)
Annual

Average

2.54

Median

1.04

Minimum

0.40

Maximum

11.38

Lite Access Technologies Inc. (LTE.V) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Lite Access Technologies 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 = 362.19%

Maximum Annual Current Ratio = 11.38

Minimum Annual Increase = -71.21%

Minimum Annual Current Ratio = 0.40

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.88-7.87%
20220.96-15.15%
20211.1361.62%
20200.70-69.57%
20192.29-29.96%
20183.28-71.21%
201711.38214.49%
20163.62362.19%
20150.7896.23%

Lite Access Technologies Inc. (LTE.V) Average Current Ratio

How has LTE.V Current Ratio performed in the past?

The current Current Ratio of Lite Access Technologies Inc. (LTE.V) 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

0.99

5-year avg

1.19

10-year avg

2.54

Lite Access Technologies Inc. (LTE.V) Current Ratio vs. Peers

How is LTE.V’s Current Ratio compared to its peers?

Lite Access Technologies Inc.’s Current Ratio is less than Braille Energy Systems Inc. (1.02), less than Manganese X Energy Corp. (12.73), greater than Solar Alliance Energy Inc. (0.46), greater than Therma Bright Inc. (0.11), less than CryptoStar Corp. (1.83),

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