Fitbit Inc Quick Ratio (FIT) starting from the third quarter 2020 to third quarter 2019, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Fitbit Inc   (NYSE: FIT)
    Sector • Technology    Industry • Computer Hardware
   Industry • Computer Hardware
   Sector • Technology

Fitbit Inc 's Quick Ratio

FIT's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


In the wake of the increase in Current Liabilities in the third quarter 2020, Quick Ratio fell to 0.61 a new company low.

Within Computer Hardware industry 7 other companies have achieved higher Quick Ratio than Fitbit Inc in third quarter 2020. While Quick Ratio total ranking in the third quarter 2020 has deteriorated compared to the prior quarter from 1732 to 2668.

Explain Quick Ratio?
How much Cash & cash equivalents FIT´s has?
What are FIT´s Current Liabilities?



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FIT Quick Ratio (Oct 03 2020)
Q3		 (Jul 04 2020)
Q2		 (Apr 04 2020)
Q1		 (Dec 31 2019)
Q4		 (Sep 28 2019)
Q3
Y / Y Current Liabilities Change 88.64 % -29.27 % -28.54 % 139.27 % 14.51 %
Y / Y Cash & cash equivalent Change -17.09 % -20.66 % -33.61 % -28.33 % -19.42 %
Quick Ratio MRQ 0.61 2.48 2.19 0.66 1.39
FIT's Total Ranking # 2668 # 1732 # 1839 # 1627 # 1648
Seq. Current Liabilities Change 276.95 % -7.8 % -75.05 % 117.56 % 41.34 %
Seq. Cash & cash equivalent Change -7.09 % 4.8 % -17.51 % 3.24 % -11.1 %



Quick Ratio third quarter 2020 Company Ranking
Within: No.
Computer Hardware Industry # 8
Technology Sector # 454
Overall Market # 2668


Quick Ratio Statistics
High Average Low
1.56 1.11 0.61
(Jun 30 2015)   (Oct 03 2020)




Financial Statements
Fitbit Inc 's Current Liabilities $ 680 Millions Visit FIT's Balance sheet
Fitbit Inc 's Cash & cash equivalent $ 416 Millions Visit FIT's Balance sheet
Source of FIT's Sales Visit FIT's Sales by Geography


Cumulative Fitbit Inc 's Quick Ratio

FIT's Quick Ratio for the trailling 12 Months

FIT Quick Ratio

 (Oct 03 2020)
12 Months		 (Jul 04 2020)
12 Months		 (Apr 04 2020)
12 Months		 (Dec 31 2019)
12 Months		 (Sep 28 2019)
12 Months
Y / Y Current Liabilities TTM Growth 51.2 % 29.82 % 35.93 % 47.22 % 2.97 %
Y / Y Cash & cash equivalent TTM Growth -25.63 % -25.79 % -21.7 % -13.76 % -24.4 %
Quick Ratio TTM 0.98 1.25 1.26 1.33 2
Total Ranking TTM # 4567 # 4572 # 4570 # 1724 # 1310
Seq. Current Liabilities TTM Growth 21.01 % -4.68 % -4.67 % 37.51 % 3.9 %
Seq. Cash & cash equivalent TTM Growth -4.52 % -5.8 % -9.71 % -8.42 % -4.74 %

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

On the trailing twelve months basis Due to in Current Liabilities in the Q3 2020 to $679.96 millions, cumulative Quick Ratio decreased to 0.98 below the Fitbit Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Computer Hardware industry 16 other companies have achieved higher Quick Ratio than Fitbit Inc . While Quick Ratio overall ranking has improved so far to 4567, from total ranking during the twelve months ending second quarter 2020 at 4572.

Explain Quick Ratio?
How much Cash & cash equivalents FIT´s has?
What are FIT´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Computer Hardware Industry # 17
Technology Sector # 607
Within the Market # 4567


trailing twelve months Quick Ratio Statistics
High Average Low
1.4 1.06 0.46
(Oct 01 2016)   (Sep 30 2015)




Companies with similar Quick Ratio in the quarter ending Oct 03 2020, within Computer Hardware Industry Quick RatioOct 03 2020 MRQ Cash & cash equivalentOct 03 2020 MRQ Current Liabilities
Western Digital Corporation  0.99 $ 2,995.000  Millions$ 3,030.000  Millions
Seagate Technology Holdings Plc  0.85 $ 1,664.000  Millions$ 1,962.000  Millions
Zepp Health Corp  0.82 $ 351.997  Millions$ 427.536  Millions
Apple Inc   0.75 $ 90,943.000  Millions$ 121,867.000  Millions
Super Micro Computer Inc   0.62 $ 300.089  Millions$ 481.705  Millions
Fitbit Inc   0.61 $ 416.435  Millions$ 679.964  Millions
One Stop Systems Inc   0.60 $ 5.520  Millions$ 9.217  Millions
International Business Machines Corporation  0.45 $ 15,593.000  Millions$ 34,471.000  Millions
Dell Technologies Inc   0.42 $ 11,304.000  Millions$ 26,820.000  Millions
Socket Mobile Inc   0.32 $ 1.775  Millions$ 5.587  Millions
Hewlett Packard Enterprise Company  0.21 $ 4,233.000  Millions$ 19,891.000  Millions
Hp inc   0.17 $ 4,864.000  Millions$ 28,043.000  Millions

Date modified: 2026-09-08T15:22:06+00:00



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