As of June 3, 2025, Taoping Inc (TAOP) reports a Current Ratio of 2.19.
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 Taoping Inc's Current Ratio
Over recent years, Taoping Inc's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-12-31 | 2.19 |
| 2023-12-31 | 1.26 |
| 2022-12-31 | 0.99 |
| 2021-12-31 | 1.14 |
| 2020-12-31 | 0.42 |
This slight upward trend highlights how Taoping Inc manages its short-term assets and liabilities over time.
Comparing Taoping Inc's Current Ratio to Peers
To better understand Taoping Inc's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Taoping Inc (TAOP) | 2.19 |
| Technology Solutions Co (TSCC) | 8.16 |
| Data Storage Corp (DTST) | 4.23 |
| Shenzhen Sunline Tech Co Ltd (300348.SZ) | 3.31 |
| Yusys Technologies Co Ltd (300674.SZ) | 3.13 |
| CSP Inc (CSPI) | 2.94 |
Compared to its competitors, Taoping Inc's Current Ratio is among the highest compared to peers, indicating strong short-term financial flexibility but potentially excess cash that could be invested.