Schmitt Industries, Inc.

Schmitt Industries, Inc.verified

SMIT

Price:

$0.016

Market Cap:

$61.95K

Schmitt Industries, Inc., together with its subsidiaries, designs, manufactures, and sells test and measurement products worldwide. The company operates through two segments, Measurement and Ice Cream. The Measurement segment designs, manufactures, and sells laser and confocal chromatic white light sensors for distance measurement and dimensional sizing products under the Acuity brand name for various industrial applications, including manufacturing, lumber production, steel casting, glass and paper production, medical imaging, crane control and micron-level part, and surface inspection. It also offers AR550 high speed laser sensor for application in vibration measurements, scanning of roads...[Read more]

Industry

Hardware, Equipment & Parts

IPO Date

1995-01-30

Stock Exchange

NASDAQ

Ticker

SMIT

The Current Ratio as of September 2024 (TTM) for Schmitt Industries, Inc. (SMIT) is 0.69

According to Schmitt Industries, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.69. This represents a change of -47.61% compared to the average of 1.31 of the last 4 quarters.

Schmitt Industries, Inc. (SMIT) Historical Current Ratio (quarterly & annually)

How has SMIT Current Ratio performed in the past?

The mean historical Current Ratio of Schmitt Industries, Inc. over the last ten years is 5.10. The current 0.69 Current Ratio has changed 1.25% with respect to the historical average. Over the past ten years (40 quarters), SMIT's Current Ratio was at its highest in in the November 2019 quarter at 12.09. The Current Ratio was at its lowest in in the May 2022 quarter at 0.69.

Quarterly (TTM)
Annual

Average

5.10

Median

5.67

Minimum

0.69

Maximum

9.37

Schmitt Industries, Inc. (SMIT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Schmitt Industries, 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 = 52.28%

Maximum Annual Current Ratio = 9.37

Minimum Annual Increase = -81.49%

Minimum Annual Current Ratio = 0.69

Quarterly (TTM)
Annual
YearCurrent RatioChange
20220.69-60.39%
20211.74-81.49%
20209.3746.34%
20196.4113.20%
20185.6652.28%
20173.72-23.84%
20164.88-14.04%
20155.68-20.89%
20147.1725.36%
20135.72-6.96%

Schmitt Industries, Inc. (SMIT) Average Current Ratio

How has SMIT Current Ratio performed in the past?

The current Current Ratio of Schmitt Industries, Inc. (SMIT) 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

3.93

5-year avg

4.77

10-year avg

5.10

Schmitt Industries, Inc. (SMIT) Current Ratio vs. Peers

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

Schmitt Industries, Inc.’s Current Ratio is less than Acorn Energy, Inc. (0.75), less than Nanalysis Scientific Corp. (1.42), less than Genasys Inc. (2.58), less than Kraken Robotics Inc. (2.72), less than Bonso Electronics International Inc. (2.48), less than Mesa Laboratories, Inc. (1.94), less than Autoscope Technologies Corporation (0), less than AERWINS Technologies Inc. (25.10), greater than Teledyne Technologies Incorporated (0.19), less than MKS Instruments, Inc. (1.98), less than ESCO Technologies Inc. (3.58), less than Know Labs, Inc. (2.10), greater than Focus Universal Inc. (0.35), greater than Sono-Tek Corporation (0.18), less than MIND Technology, Inc. (2.87), less than Saddle Ranch Media, Inc. (2.64), greater than Sensata Technologies Holding plc (0.07), less than null (1.77),

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