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Technology Sector Financial Strength Information

Financial Strength Information & Trends  
 


Category:   Period:  

Technology Sector 4 Q 3 Q 2 Q 1 Q 4 Q
  2023 2023 2023 2023 2022
Quick Ratio (TTM) 0.7 0.67 0.67 0.64 0.74
Quick Ratio Ranking # 3 # 3 # 3 # 3 # 3
Working Capital Ratio (TTM) 1.56 1.55 1.53 1.47 1.56
Working Capital Ratio Ranking # 4 # 4 # 4 # 5 # 5
Working Capital Per Revenue - - - - 2.08
Working Capital Per Revenue Ranking # 1 # 1 # 1 # 1 # 13
Leverage Ratio (TTM) 1.2 1.24 1.31 1.41 1.27
Leverage Ratio Ranking # 2 # 2 # 2 # 3 # 2
Total Debt to Equity (TTM) 0.51 0.5 0.54 0.55 0.49
Total Debt to Equity Ranking # 2 # 2 # 2 # 3 # 2
Interest Coverage (TTM) 23.8 27.83 25.74 27.65 30.23
Interest Coverage Ranking # 1 # 1 # 2 # 2 # 1
Debt Coverage (TTM) 0.67 0.68 0.61 0.59 0.6
Debt Coverage Ranking # 2 # 3 # 2 # 2 # 2


Quick Ratio Comment
On the trailing twelve months basis Technology Sector's Cash & cash equivalent grew by 2.99 % in the 4 Q 2023 sequentially, faster than Current Liabilities, this led to improvement in Technology Sector's Quick Ratio to 0.7 in the 4 Q 2023,, Quick Ratio remained below Technology Sector average.


Total ranking remained unchanged relative to the quarter before at no. 3.

Note, Numbers include only companies who have reported earnings results. Numbers change as more businesses report financial results. See the full List.

Quick Ratio Statistics as of 4 Q 2023
High Average Low
5.2 1.33 0.64
1. quarter 2016   1. quarter 2023

Quick Ratio Sector Ranking
Within: No.
Overall # 3


Other Quick Ratios
Compare Sector's quick ratio to Qgen's or S&P Constituent list of Technology Sector
Highest Ranking Quick Ratios Lowest Ranking Quick Ratios
Quick Ratios for QGEN's Competitors Definiton of Quick Ratio


Technology Sector Working Capital Ratio Statistics as of 4 Q 2023
 



Working Capital Ratio Statistics as of 4 Q 2023
High Average Low
2.5 1.96 1.47
1. quarter 2016   1. quarter 2023



Working Capital Ratio Comment
On the trailing twelve months basis Technology Sector's Current Assets grew by 2.33 % in the 4 Q 2023 sequentially, faster than Current Liabilities, this led to improvement in Sector's Working Capital Ratio to 1.56 in the 4 Q 2023, Working Capital Ratio remained below Technology Sector average.


Total ranking remained unchanged from the previous quarter at no. 4.



Working Capital Ratio Sector Ranking
Within: No.
Overall # 4

Other Working Capital Ratios
Highest Ranking Working Capital Ratios Lowest Ranking Working Capital Ratios
Compare Sector's Working Capital ratio to Qgen's or S&P Constituent list of Technology Sector
Working Capital ratios for QGEN's Competitors Definiton of Working Capital Ratio

Technology Sector Working Capital Per Revenue Statistics as of 4 Q 2023
 
Working Capital Per Revenue Comment
On the trailing twelve months basis


Total ranking remained the same like in the preceding quarter at no. 1.




Working Capital Per Revenue Statistics as of 4 Q 2023
High Average Low
3.76 0.17 -3.68
2. quarter 2022   1. quarter 2014


Working Capital Per Revenue Sector Ranking
Within: No.
Overall # 1



Other Working Capital Per Revenue
Compare Sector's Working Capital Per Revenue to Qgen's or S&P Constituent list of Technology Sector
Return On Assets for Technology Sector Definiton of Working Capital Per Revenue



Technology Sector Leverage Ratio Statistics as of 4 Q 2023
 


Leverage Ratio Statistics as of 4 Q 2023
High Average Low
1.45 1.13 -0.49
2. quarter 2020   1. quarter 2016



Leverage Ratio Comment
Due to repayements of liabilities of 0.96% Sector improved Liabilities to Equity ratio in 4 Q 2023 to 1.2, above Technology Sector average.






Overall ranking remained unchanged from to the prior quarter at no. 2.



Leverage Ratio Sector Ranking
Within: No.
Overall # 2

Other Leverage Ratios
Compare Sector's Leverage ratio to Qgen's or S&P Bond Interest rates
Highest Ranking Leverage Ratios Lowest Ranking Leverage Ratios
Leverage Ratios for QGEN's Competitors What is Leverage Ratio?


Technology Sector Total Debt to Equity Ratio Statistics as of 4 Q 2023
 
Debt to Equity Ratio Comment
Despite debt repayement of 1.07%, in 4 Q 2023 ,Total Debt to Equity detoriated to 0.51 in the 4 Q 2023, above Sector average.


Total ranking remained the same like in the preceding quarter at no. 2.




Debt to Equity Ratio Statistics as of 4 Q 2023
High Average Low
0.56 0.19 0.04
3. quarter 2022   3. quarter 2021



Debt to Equity Sector Ranking
Within: No.
Overall # 2

Other Debt to Equity Ratios
Highest Ranking Debt to Equity Ratios Lowest Ranking Debt to Equity Ratios
Compare Sector's Debt to Equity ratio to Qgen's or S&P Definiton of Debt to Equity Ratio

Technology Sector Interest Coverage Ratio Statistics as of 4 Q 2023
 


Interest Coverage Ratio Statistics as of 4 Q 2023
High Average Low
114.63 32.77 17.4
1. quarter 2016   4. quarter 2015

Interest Coverage Ratio Comment
On the trailing twelve months basis Due to increase in interest expenses in 4 Q 2023, Interest Coverage Ratio fell to 23.8 below Technology Sector average.


Total ranking remained equal to the previous period at no. 1.



Interest Coverage Ratio Sector Ranking
Within: No.
Overall # 1

Other Interest Coverage Ratios
Highest Ranking Interest Coverage Ratios Lowest Ranking Interest Coverage Ratios
Compare Sector's Interest Coverage ratio to Qgen's or S&P Definiton of Interest Coverage Ratio


Technology Sector Debt Coverage Statistics as of 4 Q 2023
 
Debt Coverage Ratio Comment
On the trailing twelve months basis Due to increase in total debt in 4 Q 2023, Debt Coverage Ratio fell to 0.67 below Technology Sector average.


Debt Coverage Ratio total ranking has improved to 2, from total ranking in previous quarter at 3.




Debt Coverage Statistics as of 4 Q 2023
High Average Low
19.19 4.25 0.59
1. quarter 2016   1. quarter 2023



Debt Coverage Sector Ranking
Within: No.
Overall # 2

Other Debt Coverage Ratios
Highest Ranking Debt Coverage Ratios Lowest Ranking Debt Coverage Ratios
See also Technology Sector's Margin Definiton of Debt Coverage Ratio

Date modified: 2024-03-17T14:36:30+00:00



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