Regardless of the sequential decrease in Current Liabilities, during the fourth quarter 2023, Quick Ratio deteriorated to 1.86 above company average Quick Ratio.

Within Laboratory Analytical Instruments industry 6 other companies have achieved higher Quick Ratio than Cue Health Inc in fourth quarter 2023. While Quick Ratio total ranking has improved so far during the Q4 2023 to 924, from total ranking in the third quarter 2023 at 1054.

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HLTH Quick Ratio	(Dec 31 2023) Q4	(Sep 30 2023) Q3	(Jun 30 2023) Q2	(Mar 31 2023) Q1	(Dec 31 2022) Q4
Y / Y Current Liabilities Change	-42.25 %	-66.71 %	-72.85 %	-64.82 %	-51.23 %
Y / Y Cash & cash equivalent Change	-66.51 %	-63.42 %	-64.6 %	-58.21 %	-41.07 %
Quick Ratio MRQ	1.86	1.91	2.25	2.64	3.21
HLTH's Total Ranking	# 924	# 1054	# 1194	# 1024	# 593
Seq. Current Liabilities Change	-25.58 %	2.41 %	-15.46 %	-10.37 %	-57.11 %
Seq. Cash & cash equivalent Change	-27.42 %	-13.3 %	-27.86 %	-26.22 %	-20.72 %

Quick Ratio fourth quarter 2023 Company Ranking
Within:	No.
Laboratory Analytical Instruments Industry	# 7
Healthcare Sector	# 332
Overall Market	# 924

Quick Ratio Statistics
High	Average	Low
3.39	1.43	0.21
(Dec 31 2022)		(Jun 30 2018)

Financial Statements
Cue Health Inc 's Current Liabilities	$ 43 Millions	Visit HLTH's Balance sheet
Cue Health Inc 's Cash & cash equivalent	$ 81 Millions	Visit HLTH's Balance sheet
Source of HLTH's Sales		Visit HLTH's Sales by Geography

Cumulative Cue Health Inc 's Quick Ratio

HLTH's Quick Ratio for the trailling 12 Months

HLTH Quick Ratio	(Dec 31 2023) 12 Months	(Sep 30 2023) 12 Months	(Jun 30 2023) 12 Months	(Mar 31 2023) 12 Months	(Dec 31 2022) 12 Months
Y / Y Current Liabilities TTM Growth	-65.31 %	-64.71 %	-49.14 %	-5.34 %	46.05 %
Y / Y Cash & cash equivalent TTM Growth	-62.64 %	-56.14 %	-48.18 %	-22.57 %	34.31 %
Quick Ratio TTM	2.2	2.56	2.27	2.06	2.05
Total Ranking TTM	# 3823	# 455	# 3794	# 862	# 3231
Seq. Current Liabilities TTM Growth	-12.32 %	-31.2 %	-28.97 %	-19.05 %	-10.81 %
Seq. Cash & cash equivalent TTM Growth	-24.35 %	-22.65 %	-21.57 %	-18.59 %	-11.19 %

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

On the trailing twelve months basis In spite of the year on year decrease in HLTH's Current Liabilities to $43.47 millions, cumulative Quick Ratio to 2.2 above the company average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Laboratory Analytical Instruments industry 22 other companies have achieved higher Quick Ratio than Cue Health Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 455 to 3823.

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How much Cash & cash equivalents HLTH�s has?
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TTM Quick Ratio Company Ranking
Within:	No.
Within the Laboratory Analytical Instruments Industry	# 23
Healthcare Sector	# 962
Within the Market	# 3823

trailing twelve months Quick Ratio Statistics
High	Average	Low
2.6	1.43	0.25
(Sep 30 2023)		(Sep 30 2016)

Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Laboratory Analytical Instruments Industry	Quick Ratio	Dec 31 2023 MRQ Cash & cash equivalent	Dec 31 2023 MRQ Current Liabilities
Bionano Genomics Inc	4.34	$ 101.888 Millions	$ 23.460 Millions
Akoya Biosciences Inc	3.87	$ 83.125 Millions	$ 21.471 Millions
Waters Corporation	2.46	$ 396.898 Millions	$ 161.078 Millions
Olink Holding Ab publ	2.18	$ 120.957 Millions	$ 55.487 Millions
Bio rad Laboratories Inc	2.09	$ 735.075 Millions	$ 350.891 Millions
Cue Health Inc	1.86	$ 80.889 Millions	$ 43.466 Millions
Lifeloc Technologies Inc	1.85	$ 1.767 Millions	$ 0.954 Millions
Agilent Technologies inc	1.26	$ 1,590.000 Millions	$ 1,262.000 Millions
Prenetics Global Limited	1.16	$ 45.706 Millions	$ 39.484 Millions
Accelerate Diagnostics Inc	1.10	$ 13.219 Millions	$ 12.034 Millions
Standard Biotools Inc	0.99	$ 114.895 Millions	$ 116.266 Millions
Revvity Inc	0.90	$ 1,603.079 Millions	$ 1,789.219 Millions
Precipio inc	0.56	$ 1.502 Millions	$ 2.681 Millions
Bruker Corporation	0.41	$ 488.300 Millions	$ 1,203.800 Millions

Date modified: 2026-09-08T15:11:12+00:00

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