Tingo Group, Inc.

Tingo Group, Inc.verified

TIO

Price:

$0.69

Market Cap:

$166.95M

Tingo Group, Inc. engages in the financial technology and agri-fintech businesses delivering financial inclusion and financial upliftment to rural farming communities in Africa, Southeast Asia, and the Middle East. The company operates through Verticals and Technology, Online Stock Trading, Comprehensive Platform Service segments. Its platform service through use of smartphones device as a service and pre-loaded platform product; Nwassa platform, a digital agriculture ecosystem that empowers rural farmers and agri-businesses; and insurance platform, an online automobile insurance after-market service to connect automobile insurance customers with auto repair shops and auto wash stores nation...[Read more]

Industry

Computer Hardware

IPO Date

2012-10-17

Stock Exchange

NASDAQ

Ticker

TIO

The Current Ratio as of September 2024 (TTM) for Tingo Group, Inc. (TIO) is 1.36

According to Tingo Group, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.36. This represents a change of -26.78% compared to the average of 1.86 of the last 4 quarters.

Tingo Group, Inc. (TIO) Historical Current Ratio (quarterly & annually)

How has TIO Current Ratio performed in the past?

The mean historical Current Ratio of Tingo Group, Inc. over the last ten years is 3.69. The current 1.36 Current Ratio has changed 3.58% with respect to the historical average. Over the past ten years (40 quarters), TIO's Current Ratio was at its highest in in the December 2019 quarter at 15.23. The Current Ratio was at its lowest in in the June 2019 quarter at 0.08.

Quarterly (TTM)
Annual

Average

3.69

Median

1.90

Minimum

0.92

Maximum

15.23

Tingo Group, Inc. (TIO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Tingo Group, 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 = 1.56%

Maximum Annual Current Ratio = 15.23

Minimum Annual Increase = -68.68%

Minimum Annual Current Ratio = 0.92

Quarterly (TTM)
Annual
YearCurrent RatioChange
20222.00-60.14%
20215.025.27%
20204.77-68.68%
201915.231.56%
20180.92-19.13%
20171.14-15.29%
20161.34-18.93%
20151.66-7.81%
20141.80-41.46%
20133.0731.46%

Tingo Group, Inc. (TIO) Average Current Ratio

How has TIO Current Ratio performed in the past?

The current Current Ratio of Tingo Group, Inc. (TIO) 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

5.59

10-year avg

3.69

Tingo Group, Inc. (TIO) Current Ratio vs. Peers

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

Tingo Group, Inc.’s Current Ratio is less than Rigetti Computing, Inc. (4.29), less than Quantum Computing, Inc. (2.43), less than IonQ, Inc. (13.15), less than Desktop Metal, Inc. (2.60), greater than Quantum Corporation (0.76), less than Arista Networks, Inc. (4.55), less than Cricut, Inc. (2.21), greater than D-Wave Quantum Inc. (1.09), less than Super Micro Computer, Inc. (3.77),

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