Transcat Stock Current Ratio

TRNS Stock

USD 109.02 2.23 2.09%

Transcat fundamentals help investors to digest information that contributes to Transcat's financial success or failures. It also enables traders to predict the movement of Transcat Stock. The fundamental analysis module provides a way to measure Transcat's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Transcat stock.

		Last Reported	Projected for Next Year
	Current Ratio	3.14	1.92

Current Ratio is likely to drop to 1.92 in 2024.

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Transcat Company Current Ratio Analysis

Transcat's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Current Ratio

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis

Current Transcat Current Ratio

2.48 X

Most of Transcat's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Transcat is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Transcat Current Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Transcat is extremely important. It helps to project a fair market value of Transcat Stock properly, considering its historical fundamentals such as Current Ratio. Since Transcat's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Transcat's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Transcat's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Long Term Debt	Good Will	Common Stock	Property Plant Equipment	Short Term Investments	Current Deferred Revenue	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Long Term Investments	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.97	0.19	0.98	0.96	0.76	0.99	-0.21	0.47	0.95	-0.02	0.98	0.77	0.92	0.82	-0.9	0.87	0.95	0.82	0.96	-0.45	-0.78	0.87	0.84	0.9
Total Stockholder Equity	0.97		-0.06	0.9	0.87	0.58	0.98	-0.17	0.28	0.92	-0.24	0.97	0.77	0.81	0.93	-0.8	0.9	0.88	0.72	0.88	-0.37	-0.69	0.85	0.84	0.96
Net Debt	0.19	-0.06		0.35	0.41	0.77	0.12	-0.22	0.73	0.19	0.9	0.14	0.03	0.48	-0.4	-0.47	-0.03	0.38	0.46	0.37	-0.37	-0.43	0.15	0.04	-0.17
Retained Earnings	0.98	0.9	0.35		0.99	0.86	0.96	-0.28	0.61	0.9	0.12	0.94	0.75	0.95	0.69	-0.92	0.82	0.94	0.86	0.96	-0.54	-0.87	0.83	0.79	0.82
Net Receivables	0.96	0.87	0.41	0.99		0.89	0.95	-0.27	0.67	0.86	0.15	0.91	0.75	0.95	0.63	-0.93	0.78	0.94	0.86	0.95	-0.56	-0.85	0.8	0.75	0.77
Total Liab	0.76	0.58	0.77	0.86	0.89		0.71	-0.27	0.8	0.72	0.56	0.71	0.52	0.9	0.26	-0.89	0.52	0.86	0.82	0.85	-0.53	-0.78	0.64	0.55	0.46
Total Current Assets	0.99	0.98	0.12	0.96	0.95	0.71		-0.23	0.45	0.92	-0.1	0.98	0.79	0.89	0.85	-0.88	0.88	0.93	0.79	0.93	-0.47	-0.77	0.85	0.83	0.92
Short Term Debt	-0.21	-0.17	-0.22	-0.28	-0.27	-0.27	-0.23		-0.28	-0.19	-0.31	-0.24	-0.08	-0.35	-0.08	0.2	-0.16	-0.22	-0.26	-0.25	0.9	0.41	-0.18	-0.16	-0.14
Accounts Payable	0.47	0.28	0.73	0.61	0.67	0.8	0.45	-0.28		0.3	0.46	0.36	0.47	0.62	-0.05	-0.61	0.22	0.53	0.62	0.51	-0.6	-0.61	0.35	0.3	0.14
Intangible Assets	0.95	0.92	0.19	0.9	0.86	0.72	0.92	-0.19	0.3		0.1	0.98	0.64	0.9	0.8	-0.87	0.83	0.95	0.79	0.94	-0.33	-0.7	0.87	0.82	0.89
Long Term Debt	-0.02	-0.24	0.9	0.12	0.15	0.56	-0.1	-0.31	0.46	0.1		0.0	-0.27	0.32	-0.49	-0.26	-0.16	0.22	0.3	0.2	-0.27	-0.24	0.02	-0.08	-0.3
Good Will	0.98	0.97	0.14	0.94	0.91	0.71	0.98	-0.24	0.36	0.98	0.0		0.7	0.91	0.85	-0.88	0.89	0.95	0.81	0.95	-0.42	-0.75	0.88	0.85	0.93
Common Stock	0.77	0.77	0.03	0.75	0.75	0.52	0.79	-0.08	0.47	0.64	-0.27	0.7		0.63	0.66	-0.71	0.67	0.65	0.7	0.69	-0.39	-0.63	0.79	0.79	0.77
Property Plant Equipment	0.92	0.81	0.48	0.95	0.95	0.9	0.89	-0.35	0.62	0.9	0.32	0.91	0.63		0.58	-0.93	0.67	0.94	0.86	0.96	-0.55	-0.85	0.79	0.72	0.73
Short Term Investments	0.82	0.93	-0.4	0.69	0.63	0.26	0.85	-0.08	-0.05	0.8	-0.49	0.85	0.66	0.58		-0.57	0.83	0.69	0.49	0.68	-0.18	-0.45	0.74	0.77	0.95
Current Deferred Revenue	-0.9	-0.8	-0.47	-0.92	-0.93	-0.89	-0.88	0.2	-0.61	-0.87	-0.26	-0.88	-0.71	-0.93	-0.57		-0.75	-0.94	-0.87	-0.96	0.46	0.77	-0.84	-0.76	-0.73
Net Tangible Assets	0.87	0.9	-0.03	0.82	0.78	0.52	0.88	-0.16	0.22	0.83	-0.16	0.89	0.67	0.67	0.83	-0.75		0.79	0.71	0.81	-0.33	-0.62	0.82	0.82	0.88
Long Term Debt Total	0.95	0.88	0.38	0.94	0.94	0.86	0.93	-0.22	0.53	0.95	0.22	0.95	0.65	0.94	0.69	-0.94	0.79		0.84	0.96	-0.45	-0.74	0.84	0.79	0.8
Capital Surpluse	0.82	0.72	0.46	0.86	0.86	0.82	0.79	-0.26	0.62	0.79	0.3	0.81	0.7	0.86	0.49	-0.87	0.71	0.84		0.87	-0.5	-0.84	0.93	0.89	0.73
Deferred Long Term Liab	0.96	0.88	0.37	0.96	0.95	0.85	0.93	-0.25	0.51	0.94	0.2	0.95	0.69	0.96	0.68	-0.96	0.81	0.96	0.87		-0.46	-0.83	0.87	0.8	0.82
Short Long Term Debt	-0.45	-0.37	-0.37	-0.54	-0.56	-0.53	-0.47	0.9	-0.6	-0.33	-0.27	-0.42	-0.39	-0.55	-0.18	0.46	-0.33	-0.45	-0.5	-0.46		0.6	-0.39	-0.36	-0.3
Long Term Investments	-0.78	-0.69	-0.43	-0.87	-0.85	-0.78	-0.77	0.41	-0.61	-0.7	-0.24	-0.75	-0.63	-0.85	-0.45	0.77	-0.62	-0.74	-0.84	-0.83	0.6		-0.74	-0.7	-0.64
Net Invested Capital	0.87	0.85	0.15	0.83	0.8	0.64	0.85	-0.18	0.35	0.87	0.02	0.88	0.79	0.79	0.74	-0.84	0.82	0.84	0.93	0.87	-0.39	-0.74		0.99	0.9
Net Working Capital	0.84	0.84	0.04	0.79	0.75	0.55	0.83	-0.16	0.3	0.82	-0.08	0.85	0.79	0.72	0.77	-0.76	0.82	0.79	0.89	0.8	-0.36	-0.7	0.99		0.92
Capital Stock	0.9	0.96	-0.17	0.82	0.77	0.46	0.92	-0.14	0.14	0.89	-0.3	0.93	0.77	0.73	0.95	-0.73	0.88	0.8	0.73	0.82	-0.3	-0.64	0.9	0.92

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Transcat Current Ratio Historical Pattern

Today, most investors in Transcat Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Transcat's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Transcat current ratio as a starting point in their analysis.

Transcat Current Ratio

Timeline

Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).

Competition

Predict Transcat

Current Ratio Over Time

Transcat Price To Sales Ratio

Price To Sales Ratio

0.72

At this time, Transcat's Price To Sales Ratio is comparatively stable compared to the past year.

In accordance with the recently published financial statements, Transcat has a Current Ratio of 2.48 times. This is 20.39% higher than that of the Trading Companies & Distributors sector and 8.15% lower than that of the Industrials industry. The current ratio for all United States stocks is 14.81% lower than that of the firm.

Transcat Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Transcat's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Transcat could also be used in its relative valuation, which is a method of valuing Transcat by comparing valuation metrics of similar companies.

Transcat is currently under evaluation in current ratio category among its peers.

Transcat ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Transcat's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Transcat's managers, analysts, and investors.

Environmental

Governance

Social

Transcat Fundamentals

	Return On Equity	0.0881
	Return On Asset	0.0468
	Profit Margin	0.07 %
	Operating Margin	0.06 %
	Current Valuation	999.95 M
	Shares Outstanding	9.2 M
	Shares Owned By Insiders	2.44 %
	Shares Owned By Institutions	95.10 %
	Number Of Shares Shorted	335.22 K
	Price To Earning	83.37 X
	Price To Book	3.73 X
	Price To Sales	3.71 X
	Revenue	259.48 M
	Gross Profit	58.44 M
	EBITDA	35.01 M
	Net Income	13.65 M
	Cash And Equivalents	443 K
	Cash Per Share	0.06 X
	Total Debt	21.54 M
	Debt To Equity	0.70 %
	Current Ratio	2.48 X
	Book Value Per Share	29.21 X
	Cash Flow From Operations	32.62 M
	Short Ratio	4.06 X
	Earnings Per Share	2.03 X
	Target Price	123.37
	Number Of Employees	1.1 K
	Beta	0.69
	Market Capitalization	1 B
	Total Asset	287.55 M
	Retained Earnings	80.07 M
	Working Capital	71.66 M
	Current Asset	26.22 M
	Current Liabilities	15.83 M
	Net Asset	287.55 M

About Transcat Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Transcat's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Transcat using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Transcat based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Transcat Stock Analysis

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

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