Catheter Precision has a quick ratio of 0.80. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Catheter Precision's Quick Ratio or its related term are showing as below:
STU:4RM'
s Quick Ratio Range Over the Past 10 Years
Min: 0.8 Med: 3.74 Max: 11.45
Current: 0.8
During the past 8 years, Catheter Precision's highest Quick Ratio was 11.45. The lowest was 0.80. And the median was 3.74.
STU:4RM's Quick Ratio is ranked worse than 84.83% of 870
companies
in the Medical Devices & Instruments industry
Industry Median: 2.045
vs STU:4RM: 0.80
Catheter Precision Quick Ratio Historical Data
The historical data trend for Catheter Precision's Quick Ratio 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.
Competitive Comparison of Catheter Precision's Quick Ratio
For the Medical Devices subindustry, Catheter Precision's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Catheter Precision's Quick Ratio Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Catheter Precision's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Catheter Precision's Quick Ratio falls into.
Catheter Precision Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Catheter Precision's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Catheter Precision (STU:4RM) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Catheter Precision Quick Ratio Related Terms
Thank you for viewing the detailed overview of Catheter Precision's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Catheter Precision Inc Formerly Ra Medical Systems Inc is a commercial-stage medical device company whose business comprises of the design, manufacture and sale of new medical technologies in the field of cardiac electrophysiology, or EP. Its product, View into Ventricular Onset System or VIVO System which is a non invasive imaging system that offers 3D cardiac mapping to help with localizing the sites of idiopathic ventricular arrhythmias in patients with structurally normal hearts prior to EP procedures. . It operates business as one segment which includes all activities related to the marketing, sales and development of medical technologies in the field of cardiac EP.
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