As of June 21, 2025, Hit Technologies Inc (HIT.V) reports a Current Ratio of 0.07.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Hit Technologies Inc's Current Ratio
Over recent years, Hit Technologies Inc's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2020-06-30 | 0.07 |
| 2019-06-30 | 0.55 |
| 2018-06-30 | 0.60 |
| 2017-06-30 | 0.70 |
| 2016-06-30 | 1.40 |
This gradual decrease highlights how Hit Technologies Inc manages its short-term assets and liabilities over time.
Comparing Hit Technologies Inc's Current Ratio to Peers
To better understand Hit Technologies Inc's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Hit Technologies Inc (HIT.V) | 0.07 |
| Koss Corp (KOSS) | 16.89 |
| Emerson Radio Corp (MSN) | 14.49 |
| Vuzix Corp (VUZI) | 12.65 |
| Dantax A/S (DANT.CO) | 7.55 |
| Nephros Inc (NEPH) | 5.31 |
Compared to its competitors, Hit Technologies Inc's Current Ratio is among the lowest compared to peers, suggesting tighter liquidity management or potential short-term obligations concerns.