RingCentral, Inc.

RingCentral, Inc.verified

RNG

Price:

$28.06

Market Cap:

$2.58B

RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. The company offers business cloud communications and contact center solutions based on its Message Video Phone? platform. Its products include RingCentral Office that provides communication and collaboration across various modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers omni-channel; and RingCentral Engage Digital, a digital customer engagement platform that allows enterprises to interact with their c...[Read more]

Industry

Software - Application

IPO Date

2013-09-27

Stock Exchange

NYSE

Ticker

RNG

The Current Ratio as of September 2024 (TTM) for RingCentral, Inc. (RNG) is 0.84

According to RingCentral, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.84. This represents a change of -24.72% compared to the average of 1.12 of the last 4 quarters.

RingCentral, Inc. (RNG) Historical Current Ratio (quarterly & annually)

How has RNG Current Ratio performed in the past?

The mean historical Current Ratio of RingCentral, Inc. over the last ten years is 1.90. The current 0.84 Current Ratio has changed 4.33% with respect to the historical average. Over the past ten years (40 quarters), RNG's Current Ratio was at its highest in in the March 2018 quarter at 4.71. The Current Ratio was at its lowest in in the June 2024 quarter at 0.84.

Quarterly (TTM)
Annual

Average

1.90

Median

1.93

Minimum

1.05

Maximum

3.55

RingCentral, Inc. (RNG) Current Ratio by Quarter and Year

Discovering the peaks and valleys of RingCentral, 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 = 81.30%

Maximum Annual Current Ratio = 3.55

Minimum Annual Increase = -46.24%

Minimum Annual Current Ratio = 1.05

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.05-13.94%
20221.22-1.35%
20211.24-41.51%
20202.1110.82%
20191.91-46.24%
20183.5581.30%
20171.9610.28%
20161.78-16.38%
20152.121.33%
20142.09-13.96%

RingCentral, Inc. (RNG) Average Current Ratio

How has RNG Current Ratio performed in the past?

The current Current Ratio of RingCentral, Inc. (RNG) 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

1.17

5-year avg

1.51

10-year avg

1.90

RingCentral, Inc. (RNG) Current Ratio vs. Peers

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

RingCentral, Inc.’s Current Ratio is greater than Autodesk, Inc. (0.64), less than Intuit Inc. (1.29), less than Zoom Video Communications, Inc. (4.45), less than Snowflake Inc. (1.55), less than ServiceNow, Inc. (1.05), greater than Domo, Inc. (0.51), less than LivePerson, Inc. (1.36), less than Elastic N.V. (1.81), less than Sprinklr, Inc. (1.53), less than Workday, Inc. (1.99), less than C3.ai, Inc. (7.86), less than monday.com Ltd. (2.63), less than Datadog, Inc. (1.98), less than GitLab Inc. (1.92), less than ZoomInfo Technologies Inc. (0.97), less than HubSpot, Inc. (1.47),

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