QualTek Services Inc.

QualTek Services Inc.verified

QTEK

Price:

$0.075

Market Cap:

$4.89M

QualTek Services Inc. provides communications infrastructure, power grid modernization, and renewable solutions to telecommunications and utilities industries in North America. The company operates through two segments, Telecom, and Renewables and Recovery Logistics. The Telecom segment engages in the installation, project management, maintenance, real estate, and site acquisition; fiber optic aerial and underground installation, fiber optic splicing, termination and testing, new installation, engineering, and fulfillment services to telecommunication companies; and electrical contracting, and utility construction and maintenance services to municipalities, electric membership cooperatives, ...[Read more]

Industry

Telecommunications Services

IPO Date

2022-02-15

Stock Exchange

NASDAQ

Ticker

QTEK

The Current Ratio as of November 2024 (TTM) for QualTek Services Inc. (QTEK) is 0.36

According to QualTek Services Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.36. This represents a change of -63.00% compared to the average of 0.98 of the last 4 quarters.

QualTek Services Inc. (QTEK) Historical Current Ratio (quarterly & annually)

How has QTEK Current Ratio performed in the past?

The mean historical Current Ratio of QualTek Services Inc. over the last ten years is 0.93. The current 0.36 Current Ratio has changed 3.82% with respect to the historical average. Over the past ten years (40 quarters), QTEK's Current Ratio was at its highest in in the March 2021 quarter at 37.41. The Current Ratio was at its lowest in in the April 2023 quarter at 0.33.

Quarterly (TTM)
Annual

Average

0.93

Median

0.97

Minimum

0.36

Maximum

1.40

QualTek Services Inc. (QTEK) Current Ratio by Quarter and Year

Discovering the peaks and valleys of QualTek Services 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 = 0%

Maximum Annual Current Ratio = 1.40

Minimum Annual Increase = -57.21%

Minimum Annual Current Ratio = 0.36

Quarterly (TTM)
Annual
YearCurrent RatioChange
20220.36-57.21%
20210.85-22.18%
20201.09-22.26%

QualTek Services Inc. (QTEK) Average Current Ratio

How has QTEK Current Ratio performed in the past?

The current Current Ratio of QualTek Services Inc. (QTEK) 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

0.77

5-year avg

0.93

10-year avg

0.93

QualTek Services Inc. (QTEK) Current Ratio vs. Peers

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

QualTek Services Inc.’s Current Ratio is less than Charge Enterprises, Inc. (0), less than KORE Group Holdings, Inc. (0.94), less than Consolidated Communications Holdings, Inc. (1.36), less than Grupo Televisa, S.A.B. (0.76), less than FingerMotion, Inc. (2.43), less than IDT Corporation (1.48), less than Cogent Communications Holdings, Inc. (1.51), less than Liberty Broadband Corporation (2.03), greater than Ribbon Communications Inc. (0.03), less than KT Corporation (1.42), less than Liberty Broadband Corporation (1.08), greater than null (0.03),

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