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Laboratory Analytical Instruments Industry Financial Strength Information


Financial Strength Information & Trends  
 


Category:   Period:  

Laboratory Analytical Instruments Industry 1 Q 4 Q 3 Q 2 Q 1 Q
  2024 2023 2023 2023 2023
Quick Ratio (TTM) 0.77 0.67 0.79 0.78 0.81
Quick Ratio Ranking # 20 # 23 # 16 # 16 # 6
Working Capital Ratio (TTM) 2.24 2.16 2.24 2.19 2.17
Working Capital Ratio Ranking # 7 # 11 # 9 # 10 # 3
Working Capital Per Revenue 0.38 0.34 0.39 0.38 0.37
Working Capital Per Revenue Ranking # 100 # 96 # 97 # 103 # 101
Leverage Ratio (TTM) 0.9 0.99 0.97 0.99 0.98
Leverage Ratio Ranking # 10 # 16 # 15 # 13 # 5
Total Debt to Equity (TTM) 0.52 0.53 0.53 0.54 0.5
Total Debt to Equity Ranking # 29 # 33 # 27 # 27 # 4
Interest Coverage (TTM) - - 1.8 - -
Interest Coverage Ranking # 97 # 98 # 95 # 101 # 100
Debt Coverage (TTM) - - 0.06 - -
Debt Coverage Ranking # 100 # 103 # 99 # 104 # 104


Quick Ratio Comment
On the trailing twelve months basis Laboratory Analytical Instruments Industry's Cash & cash equivalent grew by 6.78 % in the 1 Q 2024 sequentially, while Current Liabilities decreased, this led to improvement in Laboratory Analytical Instruments Industry's Quick Ratio to 0.77 in the 1 Q 2024,, Quick Ratio remained below Laboratory Analytical Instruments Industry average.



Within Healthcare sector 2 other industries have achieved higher Quick Ratio. Quick Ratio total ranking has improved so far to 20, from total ranking in previous quarter at 23.

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 1 Q 2024
High Average Low
1.93 1.2 0.67
1. quarter 2016   4. quarter 2023

Quick Ratio Industry Ranking
Within: No.
Sector # 3
Overall # 20


Other Quick Ratios
Compare Industry's quick ratio to Glp's or S&P Constituent list of Laboratory Analytical Instruments Industry
Highest Ranking Quick Ratios Lowest Ranking Quick Ratios
Quick Ratios for GLP's Competitors Definiton of Quick Ratio


Laboratory Analytical Instruments Industry Working Capital Ratio Statistics as of 1 Q 2024
 



Working Capital Ratio Statistics as of 1 Q 2024
High Average Low
3.24 2.72 2.16
3. quarter 2016   4. quarter 2023



Working Capital Ratio Comment
On the trailing twelve months basis Current Liabilities decreased faster than Industry's Current Assets, this led to improvement in Industry's Working Capital Ratio to 2.24 in the 1 Q 2024, Working Capital Ratio remained below Laboratory Analytical Instruments Industry average.



Within Healthcare sector, Laboratory Analytical Instruments Industry accomplished the highest Working Capital Ratio. Working Capital Ratio total ranking has improved to 7, from total ranking in previous quarter at 11.



Working Capital Ratio Industry Ranking
Within: No.
Sector # 1
Overall # 7

Other Working Capital Ratios
Highest Ranking Working Capital Ratios Lowest Ranking Working Capital Ratios
Compare Industry's Working Capital ratio to Glp's or S&P Constituent list of Laboratory Analytical Instruments Industry
Working Capital ratios for GLP's Competitors Definiton of Working Capital Ratio

Laboratory Analytical Instruments Industry Working Capital Per Revenue Statistics as of 1 Q 2024
 
Working Capital Per Revenue Comment
On the trailing twelve months basis Laboratory Analytical Instruments Industry's Working Capital Per Revenue sequentially grew to 0.38 in the 1 Q 2024, below Industry average.



Within Healthcare sector 5 other industries have achieved lower Working Capital Per Revenue. Working Capital Per Revenue total ranking fell in contrast to the preceding quarter from 96 to 100.




Working Capital Per Revenue Statistics as of 1 Q 2024
High Average Low
0.62 0.45 0.31
3. quarter 2017   1. quarter 2016


Working Capital Per Revenue Industry Ranking
Within: No.
Sector # 6
Overall # 100



Other Working Capital Per Revenue
Compare Industry's Working Capital Per Revenue to Glp's or S&P Constituent list of Laboratory Analytical Instruments Industry
Return On Assets for Laboratory Analytical Instruments Industry Definiton of Working Capital Per Revenue



Laboratory Analytical Instruments Industry Leverage Ratio Statistics as of 1 Q 2024
 


Leverage Ratio Statistics as of 1 Q 2024
High Average Low
0.99 -0.57 -38.85
4. quarter 2023   4. quarter 2021



Leverage Ratio Comment
Despite net new borrowings of -3.36% Industry managed to improve Liabilities to Equity ratio in 1 Q 2024 to 0.9, above Laboratory Analytical Instruments Industry average.



In the Healthcare sector only one Industry has achieved lower Leverage Ratio.



Leverage Ratio total ranking has improved so far to 10, from overall ranking in the previous quarter at 16.



Leverage Ratio Industry Ranking
Within: No.
Sector # 2
Overall # 10

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


Laboratory Analytical Instruments Industry Total Debt to Equity Ratio Statistics as of 1 Q 2024
 
Debt to Equity Ratio Comment
Despite net new borrowings of -3.49% Industry managed to improve Total Debt to Equity in 1 Q 2024 to 0.52, above Industry average.



Within Healthcare sector only one Industry has achieved lower Debt to Equity Ratio. Debt to Equity Ratio total ranking has improved so far to 29, from total ranking in previous quarter at 33.




Debt to Equity Ratio Statistics as of 1 Q 2024
High Average Low
0.54 0.13 -0.53
2. quarter 2023   4. quarter 2021



Debt to Equity Industry Ranking
Within: No.
Sector # 2
Overall # 29

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

Laboratory Analytical Instruments Industry Interest Coverage Ratio Statistics as of 1 Q 2024
 


Interest Coverage Ratio Statistics as of 1 Q 2024
High Average Low
25.55 9.83 -32.66
4. quarter 2020   3. quarter 2022

Interest Coverage Ratio Comment
On the trailing twelve months basis



In the Healthcare sector 6 other industries have accomplished higher Interest Coverage Ratio. Interest Coverage total ranking has improved so far to 97, from total ranking in previous quarter at 98.



Interest Coverage Ratio Industry Ranking
Within: No.
Sector # 7
Overall # 97

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


Laboratory Analytical Instruments Industry Debt Coverage Statistics as of 1 Q 2024
 
Debt Coverage Ratio Comment
On the trailing twelve months basis



Looking into Healthcare sector 6 other industries have achieved higher debt coverage ratio. Debt Coverage Ratio total ranking has improved to 100, from total ranking in previous quarter at 103.




Debt Coverage Statistics as of 1 Q 2024
High Average Low
11.79 3.67 -26.46
2. quarter 2016   3. quarter 2021



Debt Coverage Industry Ranking
Within: No.
Sector # 7
Overall # 100

Other Debt Coverage Ratios
Highest Ranking Debt Coverage Ratios Lowest Ranking Debt Coverage Ratios
See also Laboratory Analytical Instruments Industry's Margin Definiton of Debt Coverage Ratio

Date modified: 2024-06-18T15:45:44+00:00



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