Zinc8 Energy Solutions Inc.

Zinc8 Energy Solutions Inc.verified

ZAIRF

Price:

$0.06

Market Cap:

$2.48M

Zinc8 Energy Solutions Inc. develops and commercializes zinc-air flow batteries. Its zinc-air technology is designed to deliver power in the range 20kW - 1MW and energy in the range of 160kWh to 8MWh. The company was formerly known as MGX Renewables Inc. and changed its name to Zinc8 Energy Solutions Inc. in September 2019. Zinc8 Energy Solutions Inc. was incorporated in 2011 and is headquartered in Vancouver, Canada.[Read more]

Industry

Electrical Equipment & Parts

IPO Date

2021-01-08

Stock Exchange

PNK

Ticker

ZAIRF

The Current Ratio as of November 2024 (TTM) for Zinc8 Energy Solutions Inc. (ZAIRF) is 0.12

According to Zinc8 Energy Solutions Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.12. This represents a change of -29.63% compared to the average of 0.17 of the last 4 quarters.

Zinc8 Energy Solutions Inc. (ZAIRF) Historical Current Ratio (quarterly & annually)

How has ZAIRF Current Ratio performed in the past?

The mean historical Current Ratio of Zinc8 Energy Solutions Inc. over the last ten years is 2.17. The current 0.12 Current Ratio has changed 445.59% with respect to the historical average. Over the past ten years (40 quarters), ZAIRF's Current Ratio was at its highest in in the March 2021 quarter at 12.59. The Current Ratio was at its lowest in in the September 2017 quarter at 0.

Quarterly (TTM)
Annual

Average

2.17

Median

0.63

Minimum

0.02

Maximum

10.53

Zinc8 Energy Solutions Inc. (ZAIRF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Zinc8 Energy Solutions 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 = 1.60%

Maximum Annual Current Ratio = 10.53

Minimum Annual Increase = -97.60%

Minimum Annual Current Ratio = 0.02

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.26-93.50%
20224.03-61.76%
202110.53751.66%
20201.241.60%
20190.07-69.38%
20180.24894.75%
20170.02-97.60%

Zinc8 Energy Solutions Inc. (ZAIRF) Average Current Ratio

How has ZAIRF Current Ratio performed in the past?

The current Current Ratio of Zinc8 Energy Solutions Inc. (ZAIRF) 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

4.94

5-year avg

3.22

10-year avg

2.17

Zinc8 Energy Solutions Inc. (ZAIRF) Current Ratio vs. Peers

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

Zinc8 Energy Solutions Inc.’s Current Ratio is less than Novonix Limited (0), less than Exro Technologies Inc. (6.15), less than FuelPositive Corporation (0.33), less than Novonix Limited (0.83), less than Ilika plc (6.15), less than Loop Energy Inc. (7.86), less than null (0.87),

CompanyCurrent RatioMarket cap
0$217.25M
6.15$38.65M
0.33$13.54M
0.83$212.93M
6.15$36.97M
7.86$2.75M
0.87$0

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