Regardless of the sequential decrease in Current Liabilities, during the first quarter 2023, Quick Ratio deteriorated to 1 below Htg Molecular Diagnostics Inc's average Quick Ratio.

Within Laboratory Analytical Instruments industry 23 other companies have achieved higher Quick Ratio than Htg Molecular Diagnostics Inc in first quarter 2023. While Quick Ratio total ranking in the first quarter 2023 has deteriorated compared to the prior quarter from 1533 to 2162.

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HTGM Quick Ratio	(Mar 31 2023) Q1	(Dec 31 2022) Q4	(Sep 30 2022) Q3	(Jun 30 2022) Q2	(Mar 31 2022) Q1
Y / Y Current Liabilities Change	-13.64 %	-26.38 %	3.45 %	70.77 %	3.97 %
Y / Y Cash & cash equivalent Change	-69.56 %	-44.35 %	-74.31 %	-52.62 %	-29.91 %
Quick Ratio MRQ	1	1.48	0.96	1.39	2.84
HTGM's Total Ranking	# 2162	# 1533	# 2061	# 2095	# 1229
Seq. Current Liabilities Change	-20.7 %	21.26 %	-32.86 %	33.77 %	-32.4 %
Seq. Cash & cash equivalent Change	-46.25 %	86.99 %	-53.68 %	-34.62 %	-1.73 %

Quick Ratio first quarter 2023 Company Ranking
Within:	No.
Laboratory Analytical Instruments Industry	# 24
Healthcare Sector	# 831
Overall Market	# 2162

Quick Ratio Statistics
High	Average	Low
9.8	3.57	0.24
(Mar 31 2018)		(Mar 31 2015)

Financial Statements
Htg Molecular Diagnostics Inc's Current Liabilities	$ 7 Millions	Visit HTGM's Balance sheet
Htg Molecular Diagnostics Inc's Cash & cash equivalent	$ 7 Millions	Visit HTGM's Balance sheet
Source of HTGM's Sales		Visit HTGM's Sales by Geography

Cumulative Htg Molecular Diagnostics Inc's Quick Ratio

HTGM's Quick Ratio for the trailling 12 Months

HTGM Quick Ratio	(Mar 31 2023) 12 Months	(Dec 31 2022) 12 Months	(Sep 30 2022) 12 Months	(Jun 30 2022) 12 Months	(Mar 31 2022) 12 Months
Y / Y Current Liabilities TTM Growth	1.4 %	5.68 %	24.87 %	32.91 %	26.09 %
Y / Y Cash & cash equivalent TTM Growth	-60.07 %	-49.57 %	-44.05 %	-30.66 %	-19.67 %
Quick Ratio TTM	1.24	1.66	1.79	2.33	3.15
Total Ranking TTM	# 4752	# 4433	# 4056	# 1323	# 4295
Seq. Current Liabilities TTM Growth	-3.15 %	-8.28 %	0.64 %	13.42 %	0.93 %
Seq. Cash & cash equivalent TTM Growth	-27.57 %	-15.18 %	-22.75 %	-15.87 %	-8.53 %

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

On the trailing twelve months basis In spite of the year on year decrease in HTGM's Current Liabilities to $6.56 millions, cumulative Quick Ratio to 1.24 below the HTGM average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Laboratory Analytical Instruments industry 32 other companies have achieved higher Quick Ratio than Htg Molecular Diagnostics Inc. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the fourth quarter 2022 from 4433 to 4752.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the Laboratory Analytical Instruments Industry	# 33
Healthcare Sector	# 1193
Within the Market	# 4752

trailing twelve months Quick Ratio Statistics
High	Average	Low
6.74	3.21	0.8
(Dec 31 2018)		(Dec 31 2017)

Companies with similar Quick Ratio in the quarter ending Mar 31 2023, within Laboratory Analytical Instruments Industry	Quick Ratio	Mar 31 2023 MRQ Cash & cash equivalent	Mar 31 2023 MRQ Current Liabilities
Cue Health Inc	2.64	$ 178.201 Millions	$ 67.458 Millions
Bionano Genomics Inc	2.51	$ 95.808 Millions	$ 38.135 Millions
Lifeloc Technologies Inc	2.38	$ 2.052 Millions	$ 0.862 Millions
Olink Holding Ab publ	2.18	$ 120.957 Millions	$ 55.487 Millions
Scientific Industries Inc	2.08	$ 4.458 Millions	$ 2.139 Millions
Telesis Bio Inc	2.08	$ 23.357 Millions	$ 11.240 Millions
Akoya Biosciences Inc	1.81	$ 60.247 Millions	$ 33.223 Millions
Prenetics Global Limited	1.16	$ 45.706 Millions	$ 39.484 Millions
Phenomex Inc	1.07	$ 51.606 Millions	$ 48.230 Millions
Htg Molecular Diagnostics Inc	1.00	$ 6.563 Millions	$ 6.559 Millions
Agilent Technologies inc	0.88	$ 1,175.000 Millions	$ 1,335.000 Millions
Bruker Corporation	0.57	$ 597.900 Millions	$ 1,048.500 Millions
Thermogenesis Holdings Inc	0.56	$ 5.854 Millions	$ 10.471 Millions
Precipio inc	0.53	$ 2.141 Millions	$ 4.017 Millions
Accelerate Diagnostics Inc	0.47	$ 29.408 Millions	$ 62.803 Millions
Kewaunee Scientific Corporation	0.34	$ 13.815 Millions	$ 40.053 Millions

Date modified: 2026-09-08T15:10:57+00:00

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