Regardless of the sequential decrease in Current Liabilities, during the third quarter 2024, Quick Ratio deteriorated to 0.5 below Desktop Metal Inc 's average Quick Ratio.

Within Industrial Machinery and Components industry 40 other companies have achieved higher Quick Ratio than Desktop Metal Inc in third quarter 2024. While Quick Ratio total ranking in the third quarter 2024 has deteriorated compared to the prior quarter from 169 to 1849.

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DM Quick Ratio	(Sep 30 2024) Q3	(Jun 30 2024) Q2	(Mar 31 2024) Q1	(Dec 31 2023) Q4	(Sep 30 2023) Q3
Y / Y Current Liabilities Change	-32.72 %	-28.69 %	-25.03 %	-20.05 %	-16.51 %
Y / Y Cash & cash equivalent Change	-71.71 %	-63.92 %	-55.91 %	-54.23 %	-50.18 %
Quick Ratio MRQ	0.5	0.7	0.95	1.2	1.19
DM's Total Ranking	# 1849	# 169	# 1238	# 782	# 1541
Seq. Current Liabilities Change	-6.51 %	-6.21 %	-0.45 %	-22.93 %	-0.9 %
Seq. Cash & cash equivalent Change	-33.49 %	-30.31 %	-21.8 %	-21.96 %	-15.17 %

Quick Ratio third quarter 2024 Company Ranking
Within:	No.
Industrial Machinery and Components Industry	# 41
Capital Goods Sector	# 86
Overall Market	# 1849

Quick Ratio Statistics
High	Average	Low
46.97	4.8	0.01
(Jun 30 2021)		(Jun 30 2020)

Financial Statements
Desktop Metal Inc 's Current Liabilities	$ 61 Millions	Visit DM's Balance sheet
Desktop Metal Inc 's Cash & cash equivalent	$ 31 Millions	Visit DM's Balance sheet
Source of DM's Sales		Visit DM's Sales by Geography

Cumulative Desktop Metal Inc 's Quick Ratio

DM's Quick Ratio for the trailling 12 Months

DM Quick Ratio	(Sep 30 2024) 12 Months	(Jun 30 2024) 12 Months	(Mar 31 2024) 12 Months	(Dec 31 2023) 12 Months	(Sep 30 2023) 12 Months
Y / Y Current Liabilities TTM Growth	-26.68 %	-22.33 %	-15.92 %	-12.41 %	-12.69 %
Y / Y Cash & cash equivalent TTM Growth	-60.16 %	-55.12 %	-52.14 %	-45.59 %	-39.92 %
Quick Ratio TTM	0.85	1.03	1.2	1.36	1.57
Total Ranking TTM	# 3732	# 341	# 2181	# 2918	# 2462
Seq. Current Liabilities TTM Growth	-10.05 %	-8.16 %	-6.74 %	-4.84 %	-4.72 %
Seq. Cash & cash equivalent TTM Growth	-25.47 %	-21.11 %	-17.82 %	-17.55 %	-16.05 %

Quick ratio ranking by company, industry and sector >> Back to DM Financial Strength Comparisons >> Go to Compare DM Quick Ratio to its Competitors

On the trailing twelve months basis In spite of the year on year decrease in DM's Current Liabilities to $61.19 millions, cumulative Quick Ratio to 0.85 below the DM average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Industrial Machinery and Components industry 109 other companies have achieved higher Quick Ratio than Desktop Metal Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2024 from 341 to 3732.

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How much Cash & cash equivalents DM�s has?
What are DM�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Industrial Machinery and Components Industry	# 110
Capital Goods Sector	# 254
Within the Market	# 3732

trailing twelve months Quick Ratio Statistics
High	Average	Low
43.82	3.48	0.25
(Sep 30 2019)		(Dec 31 2017)

Companies with similar Quick Ratio in the quarter ending Sep 30 2024, within Industrial Machinery and Components Industry	Quick Ratio	Sep 30 2024 MRQ Cash & cash equivalent	Sep 30 2024 MRQ Current Liabilities
Lindsay Corporation	1.36	$ 190.879 Millions	$ 139.996 Millions
Hyzon Motors Inc	1.26	$ 30.428 Millions	$ 24.161 Millions
Energy Vault Holdings Inc	1.24	$ 51.124 Millions	$ 41.358 Millions
Ekso Bionics Holdings Inc	1.10	$ 8.292 Millions	$ 7.506 Millions
Gates Industrial Corporation Plc	1.05	$ 574.400 Millions	$ 547.500 Millions
Zebra Technologies Corporation	1.02	$ 676.000 Millions	$ 666.000 Millions
Novanta Inc	0.98	$ 92.690 Millions	$ 94.132 Millions
Enersys	0.96	$ 407.919 Millions	$ 426.294 Millions
Novonix Limited	0.92	$ 42.558 Millions	$ 46.242 Millions
Bloom Energy Corporation	0.87	$ 495.677 Millions	$ 566.923 Millions
Tungray Technologies Inc	0.85	$ 8.969 Millions	$ 10.603 Millions
Chicago Rivet and Machine Co	0.85	$ 2.162 Millions	$ 2.556 Millions
Eos Energy Enterprises Inc	0.77	$ 32.347 Millions	$ 42.060 Millions
Esab Corporation	0.76	$ 253.670 Millions	$ 334.166 Millions
The Middleby Corporation	0.74	$ 606.004 Millions	$ 814.712 Millions
Acm Research Inc	0.74	$ 374.127 Millions	$ 506.524 Millions
Symbotic Inc	0.72	$ 727.310 Millions	$ 1,017.146 Millions
Atkore Inc	0.69	$ 351.385 Millions	$ 510.866 Millions
Zurn Elkay Water Solutions Corporation	0.67	$ 187.900 Millions	$ 279.200 Millions
Alamo Group Inc	0.66	$ 140.038 Millions	$ 212.016 Millions
Amtech Systems Inc	0.65	$ 11.086 Millions	$ 17.065 Millions
Greystone Logistics Inc	0.59	$ 3.885 Millions	$ 6.604 Millions
Deere and Co	0.57	$ 8,478.000 Millions	$ 14,959.000 Millions
Championx Corp	0.54	$ 389.109 Millions	$ 719.075 Millions
Spectrum Brands Holdings Inc	0.54	$ 368.900 Millions	$ 687.100 Millions
Spx Technologies Inc	0.51	$ 124.800 Millions	$ 243.700 Millions
Expion360 Inc	0.51	$ 3.325 Millions	$ 6.509 Millions
Kadant Inc	0.50	$ 88.407 Millions	$ 175.891 Millions
Desktop Metal inc	0.50	$ 30.617 Millions	$ 61.192 Millions
Plug Power Inc	0.50	$ 310.712 Millions	$ 622.613 Millions

Date modified: 2026-09-08T15:11:22+00:00

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