Intest Stock Current Ratio

INTT Stock

USD 7.94 0.55 7.44%

inTest fundamentals help investors to digest information that contributes to InTest's financial success or failures. It also enables traders to predict the movement of InTest Stock. The fundamental analysis module provides a way to measure InTest's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to InTest stock.

		Last Reported	Projected for Next Year
	Current Ratio	3.53	4.68

Current Ratio is likely to gain to 4.68 in 2024.

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inTest Company Current Ratio Analysis

InTest's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Current Ratio

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis

Current InTest Current Ratio

2.13 X

Most of InTest's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, inTest is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

InTest Current Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for InTest is extremely important. It helps to project a fair market value of InTest Stock properly, considering its historical fundamentals such as Current Ratio. Since InTest's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of InTest's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of InTest's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Good Will	Property Plant Equipment	Current Deferred Revenue	Long Term Debt	Treasury Stock	Short Term Debt	Net Tangible Assets	Capital Surpluse	Accumulated Depreciation	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock	Long Term Debt Total
Total Assets		0.97	0.03	0.97	0.92	0.95	0.92	0.94	0.84	0.83	0.9	0.24	0.78	0.56	0.4	0.29	0.1	0.83	-0.9	0.68	0.64	0.87	0.87	-0.71
Total Stockholder Equity	0.97		-0.18	0.95	0.85	0.86	0.79	0.97	0.7	0.86	0.79	0.09	0.63	0.45	0.45	0.2	0.19	0.8	-0.83	0.56	0.69	0.92	0.91	-0.81
Net Debt	0.03	-0.18		0.02	0.27	0.25	0.34	-0.25	0.42	-0.18	0.37	0.64	0.4	0.53	-0.22	-0.08	-0.19	0.04	-0.33	0.37	-0.15	-0.23	-0.23	0.41
Retained Earnings	0.97	0.95	0.02		0.91	0.9	0.87	0.91	0.8	0.8	0.9	0.26	0.75	0.56	0.26	0.21	0.19	0.82	-0.91	0.65	0.7	0.89	0.89	-0.74
Accounts Payable	0.92	0.85	0.27	0.91		0.96	0.91	0.85	0.78	0.77	0.87	0.27	0.83	0.52	0.26	0.16	0.26	0.84	-0.88	0.6	0.68	0.79	0.8	-0.56
Net Receivables	0.95	0.86	0.25	0.9	0.96		0.97	0.84	0.89	0.75	0.92	0.25	0.82	0.57	0.37	0.35	0.12	0.79	-0.89	0.74	0.6	0.75	0.76	-0.55
Total Liab	0.92	0.79	0.34	0.87	0.91	0.97		0.78	0.94	0.68	0.95	0.43	0.9	0.66	0.28	0.38	-0.05	0.76	-0.89	0.76	0.47	0.69	0.7	-0.48
Total Current Assets	0.94	0.97	-0.25	0.91	0.85	0.84	0.78		0.61	0.88	0.71	0.01	0.68	0.3	0.39	0.19	0.23	0.82	-0.73	0.42	0.68	0.93	0.94	-0.81
Intangible Assets	0.84	0.7	0.42	0.8	0.78	0.89	0.94	0.61		0.53	0.96	0.48	0.75	0.78	0.3	0.48	-0.17	0.61	-0.89	0.92	0.37	0.53	0.54	-0.37
Common Stock	0.83	0.86	-0.18	0.8	0.77	0.75	0.68	0.88	0.53		0.63	0.07	0.6	0.29	0.37	0.13	0.33	0.95	-0.64	0.43	0.82	0.85	0.89	-0.6
Good Will	0.9	0.79	0.37	0.9	0.87	0.92	0.95	0.71	0.96	0.63		0.49	0.83	0.74	0.17	0.35	-0.08	0.73	-0.92	0.85	0.51	0.7	0.7	-0.52
Property Plant Equipment	0.24	0.09	0.64	0.26	0.27	0.25	0.43	0.01	0.48	0.07	0.49		0.5	0.64	-0.2	-0.04	-0.5	0.21	-0.44	0.41	-0.12	0.07	0.09	0.06
Current Deferred Revenue	0.78	0.63	0.4	0.75	0.83	0.82	0.9	0.68	0.75	0.6	0.83	0.5		0.49	-0.06	0.15	-0.07	0.75	-0.71	0.49	0.37	0.67	0.68	-0.44
Long Term Debt	0.56	0.45	0.53	0.56	0.52	0.57	0.66	0.3	0.78	0.29	0.74	0.64	0.49		0.25	0.32	-0.3	0.36	-0.8	0.7	0.17	0.23	0.24	-0.11
Treasury Stock	0.4	0.45	-0.22	0.26	0.26	0.37	0.28	0.39	0.3	0.37	0.17	-0.2	-0.06	0.25		0.31	0.12	0.15	-0.39	0.3	0.1	0.12	0.12	-0.08
Short Term Debt	0.29	0.2	-0.08	0.21	0.16	0.35	0.38	0.19	0.48	0.13	0.35	-0.04	0.15	0.32	0.31		-0.25	0.11	-0.23	0.56	0.09	0.0	0.04	0.03
Net Tangible Assets	0.1	0.19	-0.19	0.19	0.26	0.12	-0.05	0.23	-0.17	0.33	-0.08	-0.5	-0.07	-0.3	0.12	-0.25		0.35	-0.1	-0.11	0.61	0.2	0.2	-0.01
Capital Surpluse	0.83	0.8	0.04	0.82	0.84	0.79	0.76	0.82	0.61	0.95	0.73	0.21	0.75	0.36	0.15	0.11	0.35		-0.69	0.48	0.84	0.83	0.87	-0.53
Accumulated Depreciation	-0.9	-0.83	-0.33	-0.91	-0.88	-0.89	-0.89	-0.73	-0.89	-0.64	-0.92	-0.44	-0.71	-0.8	-0.39	-0.23	-0.1	-0.69		-0.77	-0.52	-0.65	-0.65	0.47
Short Long Term Debt	0.68	0.56	0.37	0.65	0.6	0.74	0.76	0.42	0.92	0.43	0.85	0.41	0.49	0.7	0.3	0.56	-0.11	0.48	-0.77		0.37	0.36	0.38	-0.21
Net Invested Capital	0.64	0.69	-0.15	0.7	0.68	0.6	0.47	0.68	0.37	0.82	0.51	-0.12	0.37	0.17	0.1	0.09	0.61	0.84	-0.52	0.37		0.73	0.77	-0.51
Net Working Capital	0.87	0.92	-0.23	0.89	0.79	0.75	0.69	0.93	0.53	0.85	0.7	0.07	0.67	0.23	0.12	0.0	0.2	0.83	-0.65	0.36	0.73		0.99	-0.91
Capital Stock	0.87	0.91	-0.23	0.89	0.8	0.76	0.7	0.94	0.54	0.89	0.7	0.09	0.68	0.24	0.12	0.04	0.2	0.87	-0.65	0.38	0.77	0.99		-0.87
Long Term Debt Total	-0.71	-0.81	0.41	-0.74	-0.56	-0.55	-0.48	-0.81	-0.37	-0.6	-0.52	0.06	-0.44	-0.11	-0.08	0.03	-0.01	-0.53	0.47	-0.21	-0.51	-0.91	-0.87

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InTest Current Ratio Historical Pattern

Today, most investors in InTest Stock are looking for potential investment opportunities by analyzing not only static indicators but also various InTest's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of InTest current ratio as a starting point in their analysis.

InTest Current Ratio

Timeline

Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).

Competition

Predict InTest

Current Ratio Over Time

InTest Price To Sales Ratio

Price To Sales Ratio

1.23

At this time, InTest's Price To Sales Ratio is comparatively stable compared to the past year.

In accordance with the recently published financial statements, inTest has a Current Ratio of 2.13 times. This is 24.73% lower than that of the Semiconductors & Semiconductor Equipment sector and 56.8% lower than that of the Information Technology industry. The current ratio for all United States stocks is 1.39% higher than that of the company.

InTest Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses InTest's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of InTest could also be used in its relative valuation, which is a method of valuing InTest by comparing valuation metrics of similar companies.

InTest is currently under evaluation in current ratio category among its peers.

InTest Current Valuation Drivers

We derive many important indicators used in calculating different scores of InTest from analyzing InTest's financial statements. These drivers represent accounts that assess InTest's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of InTest's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	61.7M	66.6M	133.1M	109.9M	155.9M	163.7M
Enterprise Value	59.2M	63.6M	138.6M	119.0M	128.1M	134.5M

InTest ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, InTest's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to InTest's managers, analysts, and investors.

Environmental

Governance

Social

InTest Fundamentals

	Return On Equity	0.0293
	Return On Asset	0.0103
	Profit Margin	0.02 %
	Operating Margin	0.02 %
	Current Valuation	107.97 M
	Shares Outstanding	12.37 M
	Shares Owned By Insiders	9.40 %
	Shares Owned By Institutions	58.90 %
	Number Of Shares Shorted	118.51 K
	Price To Earning	22.25 X
	Price To Book	0.98 X
	Price To Sales	0.81 X
	Revenue	123.3 M
	Gross Profit	53.44 M
	EBITDA	16.41 M
	Net Income	9.34 M
	Cash And Equivalents	12.39 M
	Cash Per Share	1.16 X
	Total Debt	17.46 M
	Debt To Equity	0.38 %
	Current Ratio	2.13 X
	Book Value Per Share	8.26 X
	Cash Flow From Operations	16.2 M
	Short Ratio	2.83 X
	Earnings Per Share	0.22 X
	Target Price	11.5
	Number Of Employees	323
	Beta	1.92
	Market Capitalization	98.25 M
	Total Asset	134.83 M
	Retained Earnings	42.2 M
	Working Capital	61.48 M
	Current Asset	36.86 M
	Current Liabilities	5.03 M
	Net Asset	134.83 M

About InTest Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze inTest's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of InTest using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of inTest based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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When running InTest's price analysis, check to measure InTest's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy InTest is operating at the current time. Most of InTest's value examination focuses on studying past and present price action to predict the probability of InTest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move InTest's price. Additionally, you may evaluate how the addition of InTest to your portfolios can decrease your overall portfolio volatility.

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