908 Current Ratio from 2010 to 2024

MASS Stock  USD 5.70  0.08  1.42%   
908 Devices Current Ratio yearly trend continues to be comparatively stable with very little volatility. Current Ratio is likely to outpace its year average in 2024. Current Ratio is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. View All Fundamentals
 
Current Ratio  
First Reported
2010-12-31
Previous Quarter
7.7072154
Current Value
8.01
Quarterly Volatility
4.63997935
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check 908 Devices financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among 908 main balance sheet or income statement drivers, such as Net Interest Income of 4.7 M, Depreciation And Amortization of 2.5 M or Interest Expense of 190.9 K, as well as many exotic indicators such as Price To Sales Ratio of 6.84, Dividend Yield of 0.0 or PTB Ratio of 2.3. 908 financial statements analysis is a perfect complement when working with 908 Devices Valuation or Volatility modules.
  
This module can also supplement 908 Devices' financial leverage analysis and stock options assessment as well as various 908 Devices Technical models . Check out the analysis of 908 Devices Correlation against competitors.
For more information on how to buy 908 Stock please use our How to Invest in 908 Devices guide.

Latest 908 Devices' Current Ratio Growth Pattern

Below is the plot of the Current Ratio of 908 Devices over the last few years. It is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. 908 Devices' Current Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in 908 Devices' overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 15.46 X10 Years Trend
Slightly volatile
   Current Ratio   
       Timeline  

908 Current Ratio Regression Statistics

Arithmetic Mean6.47
Geometric Mean5.38
Coefficient Of Variation71.74
Mean Deviation3.66
Median3.61
Standard Deviation4.64
Sample Variance21.53
Range13.4311
R-Value0.64
Mean Square Error13.71
R-Squared0.41
Significance0.01
Slope0.66
Total Sum of Squares301.41

908 Current Ratio History

2024 8.01
2023 7.71
2022 11.22
2021 17.05
2020 15.78
2019 4.72

About 908 Devices Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include 908 Devices income statement, its balance sheet, and the statement of cash flows. 908 Devices investors use historical funamental indicators, such as 908 Devices's Current Ratio, to determine how well the company is positioned to perform in the future. Although 908 Devices investors may use each financial statement separately, they are all related. The changes in 908 Devices's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on 908 Devices's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on 908 Devices Financial Statements. Understanding these patterns can help to make the right decision on long term investment in 908 Devices. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Ratio 7.71  8.01 

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When determining whether 908 Devices is a strong investment it is important to analyze 908 Devices' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact 908 Devices' future performance. For an informed investment choice regarding 908 Stock, refer to the following important reports:
Check out the analysis of 908 Devices Correlation against competitors.
For more information on how to buy 908 Stock please use our How to Invest in 908 Devices guide.
You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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When running 908 Devices' price analysis, check to measure 908 Devices' 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 908 Devices is operating at the current time. Most of 908 Devices' value examination focuses on studying past and present price action to predict the probability of 908 Devices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 908 Devices' price. Additionally, you may evaluate how the addition of 908 Devices to your portfolios can decrease your overall portfolio volatility.
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Is 908 Devices' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 908 Devices. If investors know 908 will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 908 Devices listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.07)
Revenue Per Share
1.565
Quarterly Revenue Growth
0.053
Return On Assets
(0.13)
Return On Equity
(0.21)
The market value of 908 Devices is measured differently than its book value, which is the value of 908 that is recorded on the company's balance sheet. Investors also form their own opinion of 908 Devices' value that differs from its market value or its book value, called intrinsic value, which is 908 Devices' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 908 Devices' market value can be influenced by many factors that don't directly affect 908 Devices' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 908 Devices' value and its price as these two are different measures arrived at by different means. Investors typically determine if 908 Devices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 908 Devices' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.