Vision Marine Technologies Inc.

Vision Marine Technologies Inc.verified

VMAR

Price:

$1.49

Market Cap:

$3.35M

Vision Marine Technologies Inc. designs, develops, and manufactures electric outboard powertrain systems and electric boats in Canada, the United States, and internationally. It operates in two segments, Sale of Electric Boats and Rental of Electric Boats. The company offers outboard motors, boat parts, and related maintenance services. It also operates an electric boat rental center with a fleet of approximately 20 ships located in Newport beach, California. The company provides its products through its retail e-commerce website, as well as rental boating companies, distributors, and dealers. It serves original equipment manufacturers and end-consumers. The company was formerly known as The...[Read more]

Industry

Auto - Recreational Vehicles

IPO Date

2020-11-24

Stock Exchange

NASDAQ

Ticker

VMAR

The Current Ratio as of December 2024 (TTM) for Vision Marine Technologies Inc. (VMAR) is 2.24

According to Vision Marine Technologies Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.24. This represents a change of 22.92% compared to the average of 1.82 of the last 4 quarters.

Vision Marine Technologies Inc. (VMAR) Historical Current Ratio (quarterly & annually)

How has VMAR Current Ratio performed in the past?

The mean historical Current Ratio of Vision Marine Technologies Inc. over the last ten years is 2.79. The current 2.24 Current Ratio has changed 7.93% with respect to the historical average. Over the past ten years (40 quarters), VMAR's Current Ratio was at its highest in in the February 2021 quarter at 31.44. The Current Ratio was at its lowest in in the March 2018 quarter at 0.

Quarterly (TTM)
Annual

Average

2.79

Median

1.51

Minimum

0.83

Maximum

7.91

Vision Marine Technologies Inc. (VMAR) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Vision Marine 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 = 518.16%

Maximum Annual Current Ratio = 7.91

Minimum Annual Increase = -56.65%

Minimum Annual Current Ratio = 0.83

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.75-56.65%
20224.04-48.98%
20217.91518.16%
20201.2836.68%
20190.9412.16%

Vision Marine Technologies Inc. (VMAR) Average Current Ratio

How has VMAR Current Ratio performed in the past?

The current Current Ratio of Vision Marine Technologies Inc. (VMAR) 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

4.57

5-year avg

3.18

10-year avg

2.79

Vision Marine Technologies Inc. (VMAR) Current Ratio vs. Peers

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

Vision Marine Technologies Inc.’s Current Ratio is less than Forza X1, Inc. (66.38), less than EZGO Technologies Ltd. (4.02), greater than Arcimoto, Inc. (0.46), greater than Micromobility.com Inc. (0.04), less than Twin Vee Powercats Co. (4.00), greater than Malibu Boats, Inc. (1.55), greater than Polaris Inc. (1.21), greater than MasterCraft Boat Holdings, Inc. (2.01), less than LCI Industries (2.88), greater than Thor Industries, Inc. (1.71), greater than OneWater Marine Inc. (1.28),

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