908 Current Ratio from 2010 to 2024

MASS Stock  USD 2.56  0.18  6.57%   
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 Devices' main balance sheet or income statement drivers, such as Net Interest Income of 4.7 M, Depreciation And Amortization of 1.4 M or Interest Expense of 190.9 K, as well as many indicators such as Price To Sales Ratio of 6.84, Dividend Yield of 0.0 or PTB Ratio of 2.29. 908 financial statements analysis is a perfect complement when working with 908 Devices Valuation or Volatility modules.
  
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

908 Devices shareholders use historical fundamental indicators, such as Current Ratio, to determine how well the company is positioned to perform in the future. Although 908 Devices investors may analyze each financial statement separately, they are all interrelated. The changes in 908 Devices' assets and liabilities, for example, are also reflected in the revenues and expenses on on 908 Devices' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Ratio 7.71  8.01 

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for 908 Stock Analysis

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.