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Shockwave Medical Inc   (SWAV)
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Shockwave Medical Inc 's Quick Ratio

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


In the wake of the increase in Current Liabilities in the forth quarter 2023, Quick Ratio fell to 9.51 above Shockwave Medical Inc average.

Within Medical Equipment & Supplies industry 5 other companies have achieved higher Quick Ratio than Shockwave Medical Inc in forth quarter 2023. While Quick Ratio total ranking in the forth quarter 2023 has deteriorated compared to the prior quarter from 70 to 111.

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


SWAV Quick Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change 64.43 % 44.23 % 21.17 % 178.26 % 22.75 %
Y / Y Cash & cash equivalent Change 225.31 % 265.96 % 14.98 % 107.26 % 51.5 %
Quick Ratio MRQ 9.51 11.73 3.22 2.94 4.8
SWAV's Total Ranking # 111 # 70 # 946 # 818 # 750
Seq. Current Liabilities Change 33.25 % -2.51 % -43.51 % 124.06 % 16.88 %
Seq. Cash & cash equivalent Change 7.98 % 254.75 % -37.97 % 36.9 % 21.47 %



Quick Ratio forth quarter 2023 Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 6
Healthcare Sector # 36
Overall Market # 111


Quick Ratio Statistics
High Average Low
13.04 6.73 2.94
(Jun 30 2020)   (Mar 31 2023)




Financial Statements
Shockwave Medical Inc 's Current Liabilities $ 104 Millions Visit SWAV's Balance sheet
Shockwave Medical Inc 's Cash & cash equivalent $ 991 Millions Visit SWAV's Balance sheet
Source of SWAV's Sales Visit SWAV's Sales by Geography


Cumulative Shockwave Medical Inc 's Quick Ratio

SWAV's Quick Ratio for the trailling 12 Months

SWAV Quick Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth 64.43 % 44.23 % 21.17 % 178.26 % 22.75 %
Y / Y Cash & cash equivalent TTM Growth 225.31 % 265.96 % 14.98 % 107.26 % 51.5 %
Quick Ratio TTM 6.38 5.22 3.62 3.67 4.18
Total Ranking TTM # 44 # 2889 # 3449 # 2595 # 306
Seq. Current Liabilities TTM Growth 33.25 % -2.51 % -43.51 % 124.06 % 16.88 %
Seq. Cash & cash equivalent TTM Growth 7.98 % 254.75 % -37.97 % 36.9 % 21.47 %


On the trailing twelve months basis SWAV Cash & cash equivalent more than doubled by 225.31 % in IV Quarter 2023 year on year, faster than Current Liabilities, this led to increase in in Shockwave Medical Inc 's Quick Ratio to 6.38, above SWAV average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Medical Equipment & Supplies industry just one company has achieved higher Quick Ratio during the twelve months ending in the Dec 31 2023. While Quick Ratio overall ranking has improved so far to 44, from total ranking during the twelve months ending third quarter 2023 at 2889.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Medical Equipment & Supplies Industry # 2
Healthcare Sector # 25
Within the Market # 44


trailing twelve months Quick Ratio Statistics
High Average Low
9.95 5.82 0.89
(Sep 30 2020)   (Mar 31 2019)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Medical Equipment & Supplies Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 31 2023 MRQ Current Liabilities
Utah Medical Products Inc  19.72 $ 92.868  Millions$ 4.710  Millions
Neurometrix Inc   14.51 $ 17.997  Millions$ 1.241  Millions
Alpha Tau Medical Ltd   14.06 $ 84.940  Millions$ 6.040  Millions
Inmode Ltd   13.94 $ 741.605  Millions$ 53.213  Millions
Heartbeam Inc   13.56 $ 16.189  Millions$ 1.194  Millions
Cvrx inc  11.52 $ 90.569  Millions$ 7.864  Millions
Semler Scientific Inc   11.26 $ 57.200  Millions$ 5.080  Millions
Co diagnostics Inc   10.19 $ 58.548  Millions$ 5.748  Millions
Novocure Limited  9.65 $ 910.616  Millions$ 94.391  Millions
Shockwave Medical Inc   9.51 $ 990.554  Millions$ 104.205  Millions
Orchestra Biomed Holdings Inc   8.30 $ 87.595  Millions$ 10.559  Millions
Medinotec Inc   7.97 $ 2.679  Millions$ 0.336  Millions
Alpha Pro Tech Ltd   7.94 $ 20.378  Millions$ 2.566  Millions
Axonics Inc   7.53 $ 344.960  Millions$ 45.816  Millions
Orasure Technologies Inc  7.35 $ 290.407  Millions$ 39.536  Millions
Nexalin Technology Inc   7.01 $ 2.948  Millions$ 0.421  Millions
Innovative Eyewear Inc   6.87 $ 4.287  Millions$ 0.625  Millions
Inspiremd Inc   6.48 $ 39.023  Millions$ 6.020  Millions
Silk Road Medical Inc   5.99 $ 181.474  Millions$ 30.283  Millions
Inspire Medical Systems inc   5.89 $ 460.375  Millions$ 78.105  Millions
Procept Biorobotics Corporation  5.60 $ 257.222  Millions$ 45.927  Millions
Monogram Orthopaedics inc   4.82 $ 13.589  Millions$ 2.818  Millions
The Beauty Health Company  4.55 $ 523.025  Millions$ 115.008  Millions
Profound Medical Corp   4.12 $ 26.213  Millions$ 6.366  Millions
Glaukos Corp  3.99 $ 295.431  Millions$ 74.014  Millions
Aethlon Medical Inc   3.80 $ 7.972  Millions$ 2.101  Millions
Bone Biologics Corporation  3.64 $ 3.027  Millions$ 0.831  Millions
Pulmonx Corporation  3.61 $ 83.547  Millions$ 23.157  Millions
Lemaitre Vascular Inc   3.52 $ 105.074  Millions$ 29.879  Millions
Anika Therapeutics Inc   3.50 $ 108.828  Millions$ 31.059  Millions

Date modified: 2024-02-27T10:43:32+00:00



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