TTOO (T2 Biosystems) Accounts Payable: $4.21 Mil (As of Sep. 2024)


TTOO T2 Biosystems Inc TTOO
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What is T2 Biosystems Accounts Payable?

T2 Biosystems TTOO +233.33% 12 Accounts Payable is $4.21 Mil as of Sep. 2024. GuruFocus rates TTOO with a GF Score™ of 12/100.

T2 Biosystems's Accounts Payable for the quarter that ended in Sep. 2024 was $4.21 Mil.

T2 Biosystems's quarterly Accounts Payable declined from Mar. 2024 ($1.89 Mil) to Jun. 2024 ($1.69 Mil) but then increased from Jun. 2024 ($1.69 Mil) to Sep. 2024 ($4.21 Mil).

T2 Biosystems's annual Accounts Payable declined from Dec. 2021 ($2.83 Mil) to Dec. 2022 ($1.30 Mil) but then increased from Dec. 2022 ($1.30 Mil) to Dec. 2023 ($1.53 Mil).

T2 Biosystems Accounts Payable Related Terms

T2 Biosystems Accounts Payable Historical Data

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The historical data trend for T2 Biosystems's Accounts Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

T2 Biosystems Accounts Payable Chart

T2 Biosystems Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.75 2.06 2.83 1.30 1.53

T2 Biosystems Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Accounts Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.09 1.53 1.89 1.69 4.21
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T2 Biosystems Inc TTOO
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T2 Biosystems Accounts Payable Calculation

Accounts Payable represents any money that a company owes its suppliers for goods and services purchased on credit and is expected to pay within the next year or operating cycle.

Frequently Asked Questions Learn more about Accounts Payable →
What does a Accounts Payable of $4.21 Mil mean?
T2 Biosystems (TTOO) has a Accounts Payable of $4.21 Mil as of Sep. 2024. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on T2 Biosystems and its competitors.
Is T2 Biosystems' Accounts Payable too high?
T2 Biosystems' current Accounts Payable is $4.21 Mil. Overall, T2 Biosystems has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does T2 Biosystems' Accounts Payable compare to IDTA and NSTM?
T2 Biosystems' Accounts Payable of $4.21 Mil can be compared against companies in the Medical Diagnostics & Research industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Payable for a Medical Diagnostics & Research company?
A good Accounts Payable depends on the Medical Diagnostics & Research industry context. However, Accounts Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Payable mean?
A high Accounts Payable can signal that a stock is expensive relative to its fundamentals. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on T2 Biosystems and its competitors. T2 Biosystems's current Accounts Payable is $4.21 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T2 Biosystems stock overvalued right now?
T2 Biosystems (TTOO) has a current Accounts Payable of $4.21 Mil. The current Accounts Payable is $4.21 Mil. T2 Biosystems' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Payable calculated?
Accounts Payable is calculated from a company's financial statements. For T2 Biosystems (TTOO), the current Accounts Payable is $4.21 Mil as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

T2 Biosystems Business Description

Address 101 Hartwell Avenue, Lexington, MA, USA, 02421
T2 Biosystems Inc is a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes. It is dedicated to improving patient care and reducing the cost of care by helping clinicians effectively treat patients faster than ever before. The company's products include the T2Dx Instrument, the T2Bacteria Panel, the T2Candida Panel, the T2Resistance Panel, and the T2Biothreat Panel, and are powered by the proprietary T2 Magnetic Resonance technology.
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