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• Tangible Leverage
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• Work. Cap. Per Revenue
Hitek Global Inc   (HKIT)
Other Ticker:  
 
    Sector • Technology    Industry • Software & Programming
   Industry • Software & Programming
   Sector • Technology

Hitek Global Inc 's Working Capital Ratio

HKIT's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


Regardless of the sequential decrease in Current Liabilities, during the forth quarter 2022, Working Capital Ratio deteriorated to 2.88 a new company low.

Within Software & Programming industry 82 other companies have achieved higher Working Capital Ratio than Hitek Global Inc in forth quarter 2022. While Working Capital Ratio total ranking has improved so far during the IV Quarter 2022 to 1853, from total ranking in the third quarter 2022 at 1968.

Explain Working Capital Ratio
How much in Current Assets HKIT´s has?
What is the value of HKIT´s Current Liabilities?


HKIT Working Capital Ratio (Dec 31 2022)
IV. Quarter		 0
III. Quarter		 0
II. Quarter		 0
I. Quarter		 (Dec 31 2021)
IV. Quarter
Y / Y Current Liabilities Change 50.75 % 50.75 % 50.75 % 50.75 % -
Y / Y Current Assets Change -6.67 % -6.67 % -6.67 % -6.67 % -
Working Capital Ratio MRQ 2.88 2.88 2.88 2.88 4.65
HKIT's Total Ranking # 1853 # 1968 # 1917 # 1966 # 1271
Seq. Current Liabilities Change 0 % 0 % 0 % 50.75 % 0 %
Seq. Current Assets Change 0 % 0 % 0 % -6.67 % 0 %

New: More HKIT's historic Working Capital Ratios >>


Working Capital Ratio forth quarter 2022 Company Ranking
Within: No.
Software & Programming Industry # 83
Technology Sector # 269
Overall Market # 1853


Working Capital Ratio Statistics
High Average Low
4.65 3.76 2.88
(Dec 31 2021)   (Dec 31 2022)




Financial Statements
Hitek Global Inc 's Current Liabilities $ 4 Millions Visit HKIT's Balance sheet
Hitek Global Inc 's Current Assets $ 12 Millions Visit HKIT's Balance sheet
Source of HKIT's Sales Visit HKIT's Sales by Geography


Cumulative Hitek Global Inc 's Working Capital Ratio

HKIT's Working Capital Ratio for the trailling 12 Months

HKIT Working Capital Ratio

 (Dec 31 2022)
IV. Quarter		 0
III. Quarter		 0
II. Quarter		 0
I. Quarter		 (Dec 31 2021)
IV. Quarter
Y / Y Current Liabilities TTM Growth 50.75 % 50.75 % 50.75 % 50.75 % -
Y / Y Current Assets TTM Growth -6.67 % -6.67 % -6.67 % -6.67 % -
Working Capital Ratio TTM 2.88 3.2 3.59 4.06 4.65
Total Ranking TTM # 4929 # 4737 # 0 # 0 # 1296
Seq. Current Liabilities TTM Growth 0 % 0 % 0 % 50.75 % 0 %
Seq. Current Assets TTM Growth 0 % 0 % 0 % -6.67 % 0 %

Working Capital ratio ranking by company, industry and sector >> Back to HKIT Financial Strength Comparisons >> Go to Compare HKIT Working Capital to its Competitors

On the trailing twelve months basis Due to unchange in Current Liabilities in the IV Quarter 2022 to $4.20 millions, cumulative Working Capital Ratio decreased to 2.88 below the Hitek Global Inc average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Software & Programming industry 272 other companies have achieved higher Working Capital Ratio than Hitek Global Inc . While Working Capital Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2022 from 4737 to 4929.

Explain Working Capital Ratio
How much in Current Assets HKIT´s has?
What is the value of HKIT´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Software & Programming Industry # 273
Technology Sector # 851
Within the Market # 4929


trailing twelve months Working Capital Ratio Statistics
High Average Low
4.65 3.76 2.88
(Dec 31 2021)   (Dec 31 2022)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2022, within Software & Programming Industry Working Capital RatioDec 31 2022 MRQ Current AssetsDec 31 2022 MRQ Current Liabilities
Red Cat Holdings Inc   7.88 $ 40.528  Millions$ 5.140  Millions
Upland Software Inc   7.73 $ 321.295  Millions$ 41.541  Millions
Varonis Systems Inc   7.66 $ 905.657  Millions$ 118.193  Millions
C3 ai Inc   7.66 $ 946.510  Millions$ 123.608  Millions
Red Violet Inc   7.01 $ 38.116  Millions$ 5.436  Millions
Engagesmart Inc   6.51 $ 341.844  Millions$ 52.521  Millions
Clear Secure Inc   6.50 $ 741.600  Millions$ 114.021  Millions
Aware Inc   6.43 $ 37.279  Millions$ 5.802  Millions
Fastly Inc   6.34 $ 636.483  Millions$ 100.341  Millions
Marqeta Inc   6.17 $ 1,746.769  Millions$ 282.879  Millions
Twilio Inc   6.17 $ 4,984.086  Millions$ 808.158  Millions
Wimi Hologram Cloud Inc   6.14 $ 96.210  Millions$ 15.663  Millions
Destiny Media Technologies Inc   5.97 $ 2.747  Millions$ 0.461  Millions
Alkami Technology Inc   5.82 $ 242.165  Millions$ 41.614  Millions
Corecard Corporation  5.61 $ 42.321  Millions$ 7.543  Millions
Enfusion inc   5.57 $ 96.808  Millions$ 17.380  Millions
Golden Matrix Group Inc   5.54 $ 21.214  Millions$ 3.829  Millions
3d Systems Corporation  5.50 $ 834.245  Millions$ 151.808  Millions
Everbridge Inc   5.45 $ 372.241  Millions$ 68.301  Millions
Alarm com Holdings Inc   5.40 $ 891.088  Millions$ 164.936  Millions
Clearwater Analytics Holdings Inc   5.40 $ 356.346  Millions$ 66.012  Millions
Opera Ltd  5.29 $ 340.213  Millions$ 64.330  Millions
Confluent Inc   5.18 $ 2,198.125  Millions$ 424.330  Millions
Palantir Technologies Inc   5.17 $ 3,041.577  Millions$ 587.941  Millions
Playstudios Inc   5.15 $ 175.979  Millions$ 34.151  Millions
Innovid Corp   4.94 $ 93.834  Millions$ 19.000  Millions
Bigcommerce Holdings Inc   4.91 $ 374.247  Millions$ 76.177  Millions
Atlassian Corporation  4.86 $ 2,134.760  Millions$ 439.248  Millions
Altair Engineering Inc   4.82 $ 526.826  Millions$ 109.261  Millions
Cloudflare Inc   4.74 $ 1,887.884  Millions$ 397.870  Millions

Date modified: 2023-04-28T08:09:59+00:00



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