SilverSun Technologies, Inc.

SilverSun Technologies, Inc.verified

SSNT

Price:

$16.31

Market Cap:

$10.84M

SilverSun Technologies, Inc. operates as a business application, technology, and consulting company in the United States. The company provides solutions for accounting and business management, financial reporting, managed services, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence. It also offers value-added services that focuses on consulting and professional services, specialized programming, training, and technical support. In addition, the company provides managed, cybersecurity, business continuity, disaster recovery, data back-up, network maintenance and service upgrades, and application hos...[Read more]

Industry

Software - Application

IPO Date

2012-04-17

Stock Exchange

NASDAQ

Ticker

SSNT

The Current Ratio as of October 2024 (TTM) for SilverSun Technologies, Inc. (SSNT) is 0.94

According to SilverSun Technologies, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.94. This represents a change of -13.88% compared to the average of 1.09 of the last 4 quarters.

SilverSun Technologies, Inc. (SSNT) Historical Current Ratio (quarterly & annually)

How has SSNT Current Ratio performed in the past?

The mean historical Current Ratio of SilverSun Technologies, Inc. over the last ten years is 1.09. The current 0.94 Current Ratio has changed 8.52% with respect to the historical average. Over the past ten years (40 quarters), SSNT's Current Ratio was at its highest in in the June 2021 quarter at 2.13. The Current Ratio was at its lowest in in the March 2019 quarter at 0.73.

Quarterly (TTM)
Annual

Average

1.09

Median

1.00

Minimum

0.78

Maximum

1.50

SilverSun Technologies, Inc. (SSNT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of SilverSun Technologies, 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 = 91.19%

Maximum Annual Current Ratio = 1.50

Minimum Annual Increase = -24.66%

Minimum Annual Current Ratio = 0.78

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.96-24.66%
20221.27-12.11%
20211.4513.04%
20201.28-14.44%
20191.5091.19%
20180.78-15.21%
20170.92-10.40%
20161.0317.42%
20150.887.48%
20140.8222.97%

SilverSun Technologies, Inc. (SSNT) Average Current Ratio

How has SSNT Current Ratio performed in the past?

The current Current Ratio of SilverSun Technologies, Inc. (SSNT) 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

1.23

5-year avg

1.29

10-year avg

1.09

SilverSun Technologies, Inc. (SSNT) Current Ratio vs. Peers

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

SilverSun Technologies, Inc.’s Current Ratio is greater than Momentive Global Inc. (0.90), less than Red Violet, Inc. (10.95), less than IDEX Biometrics ASA (3.63), less than Model N, Inc. (3.82), less than Envestnet, Inc. (1.14), less than Clearwater Analytics Holdings, Inc. (4.73), less than Expensify, Inc. (2.20), less than EZFill Holdings Inc. (0), greater than SpringBig Holdings, Inc. (0.23), greater than Lytus Technologies Holdings PTV. Ltd. (0.35), greater than SurgePays, Inc. (0.72), less than Enfusion, Inc. (7.38), less than eGain Corporation (4.15), less than VIQ Solutions Inc. (1.69), greater than null (0.88),

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