POSaBIT Systems Corporation

POSaBIT Systems Corporationverified

POSAF

Price:

$0.094

Market Cap:

$14.70M

POSaBIT Systems Corporation, a financial technology company, provides block chain-enabled payment processing and point-of-sale systems for cash-only businesses with a focus on the cannabis industry in the United States. The company is headquartered in Kirkland, Washington.[Read more]

Industry

Information Technology Services

IPO Date

2022-03-14

Stock Exchange

PNK

Ticker

POSAF

The Current Ratio as of September 2024 (TTM) for POSaBIT Systems Corporation (POSAF) is 1.55

According to POSaBIT Systems Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 1.55. This represents a change of 11.05% compared to the average of 1.40 of the last 4 quarters.

POSaBIT Systems Corporation (POSAF) Historical Current Ratio (quarterly & annually)

How has POSAF Current Ratio performed in the past?

The mean historical Current Ratio of POSaBIT Systems Corporation over the last ten years is 101.51. The current 1.55 Current Ratio has changed 52.99% with respect to the historical average. Over the past ten years (40 quarters), POSAF's Current Ratio was at its highest in in the July 2018 quarter at 837.96. The Current Ratio was at its lowest in in the October 2017 quarter at 0.

Quarterly (TTM)
Annual

Average

101.51

Median

1.47

Minimum

0.37

Maximum

700.33

POSaBIT Systems Corporation (POSAF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of POSaBIT Systems Corporation 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 = 18.68%

Maximum Annual Current Ratio = 700.33

Minimum Annual Increase = -99.95%

Minimum Annual Current Ratio = 0.37

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.65-37.72%
20222.65105.75%
20211.29114.98%
20200.6062.84%
20190.37-99.95%
2018700.33569.55%
2017104.6018.68%

POSaBIT Systems Corporation (POSAF) Average Current Ratio

How has POSAF Current Ratio performed in the past?

The current Current Ratio of POSaBIT Systems Corporation (POSAF) is less than than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

1.86

5-year avg

1.31

10-year avg

101.51

POSaBIT Systems Corporation (POSAF) Current Ratio vs. Peers

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

POSaBIT Systems Corporation’s Current Ratio is greater than Mobi724 Global Solutions Inc. (0.03), less than Appen Limited (1.95), greater than Deveron Corp. (0.39), less than Appen Limited (1.95), greater than AgileThought, Inc. (0.31), greater than Atos SE (0.79), greater than Atos SE (0.79), greater than Direct Communication Solutions, Inc. (0.15), greater than Capgemini SE (1.21), less than Quisitive Technology Solutions, Inc. (1.61), greater than CSE Global Limited (1.25),

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