Novotek AB

Novotek ABverified

NTEK-B.ST

Price:

$58

Market Cap:

$604.72M

Novotek AB delivers solutions in the industrial IT and automation areas. The company designs, implements, deploys, and maintains its customers' systems for production management and control. It operates in Nordic, Benelux countries, Switzerland, the United Kingdom, and Ireland. The company was incorporated in 1955 and is headquartered in Malmö, Sweden.[Read more]

Industry

Information Technology Services

IPO Date

2000-01-03

Stock Exchange

STO

Ticker

NTEK-B.ST

The Current Ratio as of November 2024 (TTM) for Novotek AB (NTEK-B.ST) is 1.40

According to Novotek AB’s latest financial reports and current stock price. The company's current Current Ratio is 1.40. This represents a change of -3.23% compared to the average of 1.44 of the last 4 quarters.

Novotek AB (NTEK-B.ST) Historical Current Ratio (quarterly & annually)

How has NTEK-B.ST Current Ratio performed in the past?

The mean historical Current Ratio of Novotek AB over the last ten years is 1.58. The current 1.40 Current Ratio has changed 8.75% with respect to the historical average. Over the past ten years (40 quarters), NTEK-B.ST's Current Ratio was at its highest in in the September 2016 quarter at 2.08. The Current Ratio was at its lowest in in the December 2022 quarter at 1.35.

Quarterly (TTM)
Annual

Average

1.58

Median

1.61

Minimum

1.35

Maximum

1.76

Novotek AB (NTEK-B.ST) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Novotek AB 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 = 8.38%

Maximum Annual Current Ratio = 1.76

Minimum Annual Increase = -19.98%

Minimum Annual Current Ratio = 1.35

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.371.31%
20221.35-19.98%
20211.69-0.35%
20201.708.38%
20191.574.70%
20181.500.96%
20171.48-15.98%
20161.763.33%
20151.712.70%
20141.662.99%

Novotek AB (NTEK-B.ST) Average Current Ratio

How has NTEK-B.ST Current Ratio performed in the past?

The current Current Ratio of Novotek AB (NTEK-B.ST) 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

1.47

5-year avg

1.54

10-year avg

1.58

Novotek AB (NTEK-B.ST) Current Ratio vs. Peers

How is NTEK-B.ST’s Current Ratio compared to its peers?

Novotek AB’s Current Ratio is less than Softronic AB (publ) (2.05), greater than Prevas AB (1.26), greater than Formpipe Software AB (publ) (0.59), greater than Dedicare AB (publ) (1.32), less than NOTE AB (publ) (1.75),

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