Converge Technology Solutions (CTS.TO) Market Cap
Market Cap: $1.03B
Avg Volume: 1.41M
Industry: Information Technology Services
Sector: Technology
Market Cap Overview
Market Cap
$1.03B
Share Price
$5.47
Shares Outstanding
188.61M
What is Converge Technology Solutions's Market Cap?
Converge Technology Solutions's current Market Cap as of today is $1.03B.
Understanding Market Capitalization
Market Capitalization (Market Cap) is the total value of a company's outstanding shares of stock. It is calculated by multiplying the current market price of one share by the total number of outstanding shares.
- It provides a straightforward method of gauging a company's size.
- Market Cap can be used to compare companies within the same industry.
How is Market Cap calculated?
Market Cap is calculated by multiplying the current share price by the total number of outstanding shares:
Market Cap = Current Share Price × Total Shares Outstanding
In the case of Converge Technology Solutions, the market cap is calculated as $5.47 x 188.61M shares = $1.03B.
As a Small Cap company, Converge Technology Solutions is a smaller company that may offer growth opportunities.
Converge Technology Solutions Historical Market Cap
Converge Technology Solutions Market Cap vs Enterprise Value
Understanding Market Cap vs. Enterprise Value
While market cap represents the equity value of Converge Technology Solutions, enterprise value provides a more complete picture of the company's total value by including debt and cash:
Enterprise Value = Market Cap + Total Debt - Cash and Equivalents
Converge Technology Solutions's enterprise value as of December 31, 2024 (Q4 2024) is calculated as:
- Market Cap: $1.03B
- Total Debt: $256.10M
- Cash and Equivalents: $142.46M
- Enterprise Value: $730.40M
The difference between market cap and enterprise value can indicate the company's financial leverage and cash position. A lower enterprise value indicates a strong net cash position.
Converge Technology Solutions Annual Market Cap History
| Year | Market Cap | Change |
|---|---|---|
| 2025 | $1.03B | 59.58% |
| 2024 | $646.51M | -24.44% |
| 2023 | $855.61M | -12.53% |
| 2022 | $978.15M | -51.57% |
| 2021 | $2.02B | 294.75% |
| 2020 | $511.66M | 372.12% |
| 2019 | $108.38M | 206.28% |
| 2018 | $35.38M | 2675.28% |
| 2017 | $1.27M | N/A |
| 2016 | $- | N/A |
Frequently Asked Questions
Related Metrics
Explore detailed financial metrics and analysis for CTS.TO.