Sharps Quick Ratio from 2010 to 2024

STSS Stock  USD 3.47  0.06  1.70%   
Sharps Technology Quick Ratio yearly trend continues to be comparatively stable with very little volatility. Quick Ratio will likely drop to 0.81 in 2024. Quick Ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. View All Fundamentals
 
Quick Ratio  
First Reported
2010-12-31
Previous Quarter
0.84739541
Current Value
0.81
Quarterly Volatility
4.19627464
 
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Yuan Drop
 
Covid
Check Sharps Technology financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Sharps Technology's main balance sheet or income statement drivers, such as Depreciation And Amortization of 935.8 K, Total Revenue of 0.0 or Other Operating Expenses of 5.8 M, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 14.28. Sharps financial statements analysis is a perfect complement when working with Sharps Technology Valuation or Volatility modules.
  
Check out the analysis of Sharps Technology Correlation against competitors.
For more information on how to buy Sharps Stock please use our How to Invest in Sharps Technology guide.

Latest Sharps Technology's Quick Ratio Growth Pattern

Below is the plot of the Quick Ratio of Sharps Technology over the last few years. It is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. Sharps Technology's Quick Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Sharps Technology's overall financial position and show how it may be relating to other accounts over time.
Quick Ratio10 Years Trend
Slightly volatile
   Quick Ratio   
       Timeline  

Sharps Quick Ratio Regression Statistics

Arithmetic Mean5.72
Geometric Mean4.08
Coefficient Of Variation73.43
Mean Deviation2.47
Median6.32
Standard Deviation4.20
Sample Variance17.61
Range17.6381
R-Value(0.30)
Mean Square Error17.20
R-Squared0.09
Significance0.27
Slope(0.29)
Total Sum of Squares246.52

Sharps Quick Ratio History

2024 0.81
2023 0.85
2022 2.11
2021 0.54
2020 18.18

About Sharps Technology Financial Statements

Sharps Technology shareholders use historical fundamental indicators, such as Quick Ratio, to determine how well the company is positioned to perform in the future. Although Sharps Technology investors may analyze each financial statement separately, they are all interrelated. The changes in Sharps Technology's assets and liabilities, for example, are also reflected in the revenues and expenses on on Sharps Technology's 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
Quick Ratio 0.85  0.81 

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Additional Tools for Sharps Stock Analysis

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