Quanterix Corp Stock Current Ratio

QTRX Stock

USD 12.33 0.14 1.12%

Quanterix Corp fundamentals help investors to digest information that contributes to Quanterix Corp's financial success or failures. It also enables traders to predict the movement of Quanterix Stock. The fundamental analysis module provides a way to measure Quanterix Corp'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 Quanterix Corp stock.

		Last Reported	Projected for Next Year
	Current Ratio	9.84	5.19

Current Ratio is likely to drop to 5.19 in 2024.

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Quanterix Corp Company Current Ratio Analysis

Quanterix Corp'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 Quanterix Corp Current Ratio

11.27 X

Most of Quanterix Corp'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, Quanterix Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Quanterix Current Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Quanterix Corp is extremely important. It helps to project a fair market value of Quanterix Stock properly, considering its historical fundamentals such as Current Ratio. Since Quanterix Corp'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 Quanterix Corp'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 Quanterix Corp's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Long Term Debt Total	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Long Term Investments	Capital Surpluse	Net Invested Capital	Net Working Capital	Good Will	Capital Stock	Intangible Assets
Total Assets		1.0	0.94	0.89	-0.94	-0.9	0.8	-0.65	0.98	-0.68	0.95	0.51	0.81	1.0	0.58	0.92	0.95	0.83	0.97	0.98	0.97	0.35	0.96	0.67
Total Stockholder Equity	1.0		0.94	0.88	-0.95	-0.89	0.81	-0.65	0.98	-0.68	0.94	0.51	0.8	1.0	0.55	0.91	0.95	0.82	0.96	0.98	0.97	0.36	0.95	0.66
Net Tangible Assets	0.94	0.94		0.89	-0.87	-0.97	0.79	-0.72	0.94	-0.76	0.91	0.51	0.87	0.94	0.59	0.92	0.97	0.83	0.91	0.92	0.91	0.24	0.97	0.63
Current Deferred Revenue	0.89	0.88	0.89		-0.77	-0.93	0.72	-0.84	0.9	-0.84	0.89	0.5	0.72	0.89	0.58	0.94	0.82	0.87	0.87	0.8	0.8	0.12	0.86	0.53
Net Debt	-0.94	-0.95	-0.87	-0.77		0.78	-0.82	0.62	-0.88	0.64	-0.83	-0.43	-0.72	-0.94	-0.41	-0.85	-0.89	-0.72	-0.85	-0.93	-0.92	-0.45	-0.87	-0.67
Retained Earnings	-0.9	-0.89	-0.97	-0.93	0.78		-0.68	0.7	-0.91	0.71	-0.92	-0.44	-0.83	-0.9	-0.58	-0.89	-0.93	-0.84	-0.92	-0.87	-0.87	-0.09	-0.96	-0.57
Accounts Payable	0.8	0.81	0.79	0.72	-0.82	-0.68		-0.75	0.83	-0.77	0.7	0.46	0.56	0.79	0.37	0.87	0.81	0.83	0.66	0.72	0.69	0.68	0.74	0.79
Long Term Debt	-0.65	-0.65	-0.72	-0.84	0.62	0.7	-0.75		-0.67	0.97	-0.61	-0.38	-0.55	-0.65	-0.45	-0.84	-0.61	-0.67	-0.54	-0.51	-0.5	-0.25	-0.59	-0.51
Net Receivables	0.98	0.98	0.94	0.9	-0.88	-0.91	0.83	-0.67		-0.7	0.96	0.54	0.81	0.98	0.64	0.93	0.94	0.89	0.96	0.94	0.93	0.38	0.96	0.69
Long Term Debt Total	-0.68	-0.68	-0.76	-0.84	0.64	0.71	-0.77	0.97	-0.7		-0.64	-0.57	-0.58	-0.68	-0.49	-0.89	-0.63	-0.71	-0.57	-0.54	-0.53	-0.28	-0.62	-0.54
Total Liab	0.95	0.94	0.91	0.89	-0.83	-0.92	0.7	-0.61	0.96	-0.64		0.52	0.83	0.94	0.73	0.89	0.9	0.85	0.95	0.91	0.91	0.29	0.96	0.69
Deferred Long Term Liab	0.51	0.51	0.51	0.5	-0.43	-0.44	0.46	-0.38	0.54	-0.57	0.52		0.4	0.51	0.45	0.65	0.43	0.62	0.5	0.43	0.43	0.28	0.45	0.42
Short Long Term Debt	0.81	0.8	0.87	0.72	-0.72	-0.83	0.56	-0.55	0.81	-0.58	0.83	0.4		0.82	0.81	0.72	0.83	0.54	0.82	0.83	0.83	0.09	0.87	0.43
Total Current Assets	1.0	1.0	0.94	0.89	-0.94	-0.9	0.79	-0.65	0.98	-0.68	0.94	0.51	0.82		0.57	0.91	0.95	0.82	0.97	0.98	0.98	0.33	0.96	0.64
Short Term Debt	0.58	0.55	0.59	0.58	-0.41	-0.58	0.37	-0.45	0.64	-0.49	0.73	0.45	0.81	0.57		0.58	0.5	0.46	0.6	0.54	0.53	0.14	0.61	0.39
Common Stock	0.92	0.91	0.92	0.94	-0.85	-0.89	0.87	-0.84	0.93	-0.89	0.89	0.65	0.72	0.91	0.58		0.87	0.92	0.84	0.82	0.81	0.41	0.87	0.73
Property Plant Equipment	0.95	0.95	0.97	0.82	-0.89	-0.93	0.81	-0.61	0.94	-0.63	0.9	0.43	0.83	0.95	0.5	0.87		0.8	0.92	0.96	0.95	0.34	0.98	0.69
Long Term Investments	0.83	0.82	0.83	0.87	-0.72	-0.84	0.83	-0.67	0.89	-0.71	0.85	0.62	0.54	0.82	0.46	0.92	0.8		0.8	0.74	0.72	0.41	0.82	0.73
Capital Surpluse	0.97	0.96	0.91	0.87	-0.85	-0.92	0.66	-0.54	0.96	-0.57	0.95	0.5	0.82	0.97	0.6	0.84	0.92	0.8		0.97	0.97	0.18	0.96	0.56
Net Invested Capital	0.98	0.98	0.92	0.8	-0.93	-0.87	0.72	-0.51	0.94	-0.54	0.91	0.43	0.83	0.98	0.54	0.82	0.96	0.74	0.97		1.0	0.3	0.96	0.61
Net Working Capital	0.97	0.97	0.91	0.8	-0.92	-0.87	0.69	-0.5	0.93	-0.53	0.91	0.43	0.83	0.98	0.53	0.81	0.95	0.72	0.97	1.0		0.24	0.95	0.56
Good Will	0.35	0.36	0.24	0.12	-0.45	-0.09	0.68	-0.25	0.38	-0.28	0.29	0.28	0.09	0.33	0.14	0.41	0.34	0.41	0.18	0.3	0.24		0.28	0.82
Capital Stock	0.96	0.95	0.97	0.86	-0.87	-0.96	0.74	-0.59	0.96	-0.62	0.96	0.45	0.87	0.96	0.61	0.87	0.98	0.82	0.96	0.96	0.95	0.28		0.68
Intangible Assets	0.67	0.66	0.63	0.53	-0.67	-0.57	0.79	-0.51	0.69	-0.54	0.69	0.42	0.43	0.64	0.39	0.73	0.69	0.73	0.56	0.61	0.56	0.82	0.68

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Quanterix Current Ratio Historical Pattern

Today, most investors in Quanterix Corp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Quanterix Corp'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 Quanterix Corp current ratio as a starting point in their analysis.

Quanterix Corp 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 Quanterix Corp

Current Ratio Over Time

Quanterix Price To Sales Ratio

Price To Sales Ratio

15.15

At this time, Quanterix Corp's Price To Sales Ratio is fairly stable compared to the past year.

In accordance with the recently published financial statements, Quanterix Corp has a Current Ratio of 11.27 times. This is 287.29% higher than that of the Life Sciences Tools & Services sector and 231.47% higher than that of the Health Care industry. The current ratio for all United States stocks is notably lower than that of the firm.

Quanterix Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Quanterix Corp'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 Quanterix Corp could also be used in its relative valuation, which is a method of valuing Quanterix Corp by comparing valuation metrics of similar companies.

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

Quanterix Corp Current Valuation Drivers

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

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	402.7M	592.9M	1.5B	512.3M	461.1M	464.7M
Enterprise Value	364.9M	491.4M	1.2B	217.7M	195.9M	362.9M

Quanterix Corp 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, Quanterix Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Quanterix Corp's managers, analysts, and investors.

Environmental

Governance

Social

Quanterix Fundamentals

	Return On Equity	-0.11
	Return On Asset	-0.0782
	Profit Margin	(0.31) %
	Operating Margin	(0.38) %
	Current Valuation	215.93 M
	Shares Outstanding	38.38 M
	Shares Owned By Insiders	6.54 %
	Shares Owned By Institutions	85.32 %
	Number Of Shares Shorted	1.99 M
	Price To Book	1.41 X
	Price To Sales	3.70 X
	Revenue	122.37 M
	Gross Profit	46.81 M
	EBITDA	(39.78 M)
	Net Income	(32.33 M)
	Cash And Equivalents	361.29 M
	Cash Per Share	9.77 X
	Total Debt	41.46 M
	Debt To Equity	0.11 %
	Current Ratio	11.27 X
	Book Value Per Share	8.77 X
	Cash Flow From Operations	(18.9 M)
	Short Ratio	6.19 X
	Earnings Per Share	(1.04) X
	Target Price	19.93
	Number Of Employees	441
	Beta	1.36
	Market Capitalization	475.9 M
	Total Asset	425.01 M
	Retained Earnings	(434.5 M)
	Working Capital	339.94 M
	Net Asset	425.01 M

About Quanterix Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Quanterix Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Quanterix Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Quanterix Corp 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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Additional Tools for Quanterix Stock Analysis

When running Quanterix Corp's price analysis, check to measure Quanterix Corp'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 Quanterix Corp is operating at the current time. Most of Quanterix Corp's value examination focuses on studying past and present price action to predict the probability of Quanterix Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quanterix Corp's price. Additionally, you may evaluate how the addition of Quanterix Corp to your portfolios can decrease your overall portfolio volatility.

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