The Singing Machine Company, Inc.

The Singing Machine Company, Inc.verified

MICS

Price:

$0.74

Market Cap:

$1.70M

The Singing Machine Company, Inc., together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Europe, and Australia. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone accessories and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware. The...[Read more]

Industry

Consumer Electronics

IPO Date

2022-05-24

Stock Exchange

NASDAQ

Ticker

MICS

The Current Ratio as of December 2024 (TTM) for The Singing Machine Company, Inc. (MICS) is 0.87

According to The Singing Machine Company, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.87. This represents a change of -31.27% compared to the average of 1.27 of the last 4 quarters.

The Singing Machine Company, Inc. (MICS) Historical Current Ratio (quarterly & annually)

How has MICS Current Ratio performed in the past?

The mean historical Current Ratio of The Singing Machine Company, Inc. over the last ten years is 2.07. The current 0.87 Current Ratio has changed 4.12% with respect to the historical average. Over the past ten years (40 quarters), MICS's Current Ratio was at its highest in in the March 2019 quarter at 2.94. The Current Ratio was at its lowest in in the September 2024 quarter at 0.87.

Quarterly (TTM)
Annual

Average

2.07

Median

2.07

Minimum

1.43

Maximum

2.94

The Singing Machine Company, Inc. (MICS) Current Ratio by Quarter and Year

Discovering the peaks and valleys of The Singing Machine Company, 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 = 61.06%

Maximum Annual Current Ratio = 2.94

Minimum Annual Increase = -50.59%

Minimum Annual Current Ratio = 1.43

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.43-42.30%
20232.4850.34%
20221.65-10.55%
20211.8526.87%
20201.45-50.59%
20192.9427.74%
20182.30-0.69%
20172.32-11.84%
20162.6361.06%
20151.6339.83%

The Singing Machine Company, Inc. (MICS) Average Current Ratio

How has MICS Current Ratio performed in the past?

The current Current Ratio of The Singing Machine Company, Inc. (MICS) 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

1.85

5-year avg

1.77

10-year avg

2.07

The Singing Machine Company, Inc. (MICS) Current Ratio vs. Peers

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

The Singing Machine Company, Inc.’s Current Ratio is less than Koss Corporation (8.18), less than Emerson Radio Corp. (14.41), less than Wearable Devices Ltd. (1.34), less than Zepp Health Corporation (1.21), less than Wearable Devices Ltd. (1.34), greater than Apple Inc. (0.87), less than Sonos, Inc. (1.51), less than United Time Technology Co., Ltd. (2.12), greater than LG Display Co., Ltd. (0.68), less than GoPro, Inc. (1.32), less than Sony Group Corporation (0), greater than VIZIO Holding Corp. (0.66), less than Universal Electronics Inc. (1.66), less than null (1.61),

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