Modern Plant Based Foods Inc.

Modern Plant Based Foods Inc.verified

MEAT.CN

Price:

$0.26

Market Cap:

$1.09M

Modern Plant Based Foods Inc., a food company, develops and distributes plant-based meat alternative products in Canada and the United States. The company offers plant-based products, including meat and dairy-free alternatives, soups, and vegan snacks under the Modern Meat, KitsKitchen, Snacks From The Sun, and Modern Wellness Bar brands. It offers its products through retail supermarkets, natural grocers, and independents, as well as e-commerce platforms. The company was formerly known as Modern Meat Inc. and changed its name to Modern Plant Based Foods Inc. on February 2021. Modern Plant Based Foods Inc. is headquartered in Vancouver, Canada.[Read more]

Industry

Packaged Foods

IPO Date

1996-08-08

Stock Exchange

CNQ

Ticker

MEAT.CN

The Current Ratio as of September 2024 (TTM) for Modern Plant Based Foods Inc. (MEAT.CN) is 0.22

According to Modern Plant Based Foods Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.22. This represents a change of -18.41% compared to the average of 0.27 of the last 4 quarters.

Modern Plant Based Foods Inc. (MEAT.CN) Historical Current Ratio (quarterly & annually)

How has MEAT.CN Current Ratio performed in the past?

The mean historical Current Ratio of Modern Plant Based Foods Inc. over the last ten years is 1.20. The current 0.22 Current Ratio has changed 1.70% with respect to the historical average. Over the past ten years (40 quarters), MEAT.CN's Current Ratio was at its highest in in the August 2020 quarter at 3.87. The Current Ratio was at its lowest in in the April 2016 quarter at 0.01.

Quarterly (TTM)
Annual

Average

1.20

Median

0.44

Minimum

0.01

Maximum

3.87

Modern Plant Based Foods Inc. (MEAT.CN) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Modern Plant Based Foods 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 = 1.93%

Maximum Annual Current Ratio = 3.87

Minimum Annual Increase = -99.12%

Minimum Annual Current Ratio = 0.01

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.23-64.52%
20220.64-41.80%
20211.11-71.37%
20203.8728.10%
20193.025.30%
20182.871.93%
20170.141.30%
20160.01-61.15%
20150.03-75.98%
20140.11-99.12%

Modern Plant Based Foods Inc. (MEAT.CN) Average Current Ratio

How has MEAT.CN Current Ratio performed in the past?

The current Current Ratio of Modern Plant Based Foods Inc. (MEAT.CN) 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

0.66

5-year avg

1.77

10-year avg

1.20

Modern Plant Based Foods Inc. (MEAT.CN) Current Ratio vs. Peers

How is MEAT.CN’s Current Ratio compared to its peers?

Modern Plant Based Foods Inc.’s Current Ratio is less than Eat & Beyond Global Holdings Inc. (2.36), greater than PlantX Life Inc. (0.02), less than Burcon NutraScience Corporation (5.63), less than TAAT Global Alternatives Inc. (0.97), less than Victory Square Technologies Inc. (0.25),

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