VNET Group, Inc.

VNET Group, Inc.verified

VNET

Price:

$2.79

Market Cap:

$5.37B

VNET Group, Inc., an investment holding company, provides hosting and related services in China. It offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; server administration services; interconnectivity services that allow customers to connect their servers; value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services; cloud services that allow customers to run...[Read more]

Industry

Information Technology Services

IPO Date

2011-04-21

Stock Exchange

NASDAQ

Ticker

VNET

The Current Ratio as of September 2024 (TTM) for VNET Group, Inc. (VNET) is 0.87

According to VNET Group, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.87. This represents a change of 5.63% compared to the average of 0.82 of the last 4 quarters.

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

How has VNET Current Ratio performed in the past?

The mean historical Current Ratio of VNET Group, Inc. over the last ten years is 1.31. The current 0.87 Current Ratio has changed 6.52% with respect to the historical average. Over the past ten years (40 quarters), VNET's Current Ratio was at its highest in in the December 2017 quarter at 2.39. The Current Ratio was at its lowest in in the June 2023 quarter at 0.67.

Quarterly (TTM)
Annual

Average

1.31

Median

1.14

Minimum

0.86

Maximum

2.39

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

Discovering the peaks and valleys of VNET 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 = 101.07%

Maximum Annual Current Ratio = 2.39

Minimum Annual Increase = -72.03%

Minimum Annual Current Ratio = 0.86

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.86-22.88%
20221.118.36%
20211.033.91%
20200.99-15.45%
20191.17-45.20%
20182.13-10.72%
20172.39101.07%
20161.19-3.61%
20151.2329.90%
20140.95-72.03%

VNET Group, Inc. (VNET) Average Current Ratio

How has VNET Current Ratio performed in the past?

The current Current Ratio of VNET Group, Inc. (VNET) 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

1.00

5-year avg

1.03

10-year avg

1.31

VNET Group, Inc. (VNET) Current Ratio vs. Peers

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

VNET Group, Inc.’s Current Ratio is less than Chindata Group Holdings Limited (1.99), less than Clarivate Plc (0.90), less than WNS (Holdings) Limited (1.60), less than Thoughtworks Holding, Inc. (2.59), less than GDS Holdings Limited (1.39), less than CACI International Inc (1.27), less than ExlService Holdings, Inc. (2.44), less than TaskUs, Inc. (3.23), less than Genpact Limited (1.89), less than TTEC Holdings, Inc. (1.56), less than ASGN Incorporated (2.34), less than Perficient, Inc. (4.16), less than CDW Corporation (1.13), greater than Jack Henry & Associates, Inc. (0.86), less than Broadridge Financial Solutions, Inc. (1.08),

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