Quanterix Cash vs Cash And Short Term Investments Analysis

QTRX Stock

USD 12.47 0.41 3.40%

Quanterix Corp financial indicator trend analysis is much more than just breaking down Quanterix Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quanterix Corp is a good investment. Please check the relationship between Quanterix Corp Cash and its Cash And Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quanterix Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Quanterix Stock please use our How to Invest in Quanterix Corp guide.

Cash vs Cash And Short Term Investments

Cash vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quanterix Corp Cash account and Cash And Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Quanterix Corp's Cash and Cash And Short Term Investments is 0.96. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Quanterix Corp, assuming nothing else is changed. The correlation between historical values of Quanterix Corp's Cash and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Quanterix Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Cash i.e., Quanterix Corp's Cash and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Cash

Cash refers to the most liquid asset of Quanterix Corp, which is listed under current asset account on Quanterix Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Quanterix Corp customers. The amounts must be unrestricted with restricted cash listed in a different Quanterix Corp account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Quanterix Corp balance sheet. This account contains Quanterix Corp investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Quanterix Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Quanterix Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quanterix Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quanterix Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Quanterix Stock please use our How to Invest in Quanterix Corp guide.At this time, Quanterix Corp's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 664.6 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	61.7M	46.2M	70.6M	36.1M
Total Revenue	110.6M	105.0M	122.4M	69.8M

Gross Profit Total Revenue

Quanterix Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		0.76	0.93	0.93	1.0	0.27	0.94	0.96	0.89	-0.94	-0.9	0.8	0.96	0.94	-0.4	0.55	-0.65	1.0	0.98	0.92	0.98	-0.68	0.82	0.98	0.91	0.99
Short Long Term Debt Total	0.76		0.65	0.7	0.74	-0.06	0.7	0.88	0.69	-0.6	-0.77	0.3	0.65	0.73	-0.25	0.6	-0.28	0.75	0.75	0.62	0.76	-0.31	0.93	0.72	0.69	0.77
Other Current Liab	0.93	0.65		0.98	0.93	0.31	0.9	0.89	0.84	-0.88	-0.84	0.92	0.89	0.95	-0.42	0.75	-0.71	0.92	0.96	0.93	0.94	-0.74	0.68	0.96	0.97	0.93
Total Current Liabilities	0.93	0.7	0.98		0.92	0.26	0.91	0.9	0.89	-0.84	-0.87	0.87	0.86	0.93	-0.34	0.75	-0.76	0.91	0.96	0.95	0.95	-0.79	0.7	0.95	0.95	0.93
Total Stockholder Equity	1.0	0.74	0.93	0.92		0.27	0.94	0.95	0.88	-0.95	-0.89	0.81	0.96	0.93	-0.4	0.52	-0.65	1.0	0.98	0.91	0.98	-0.68	0.8	0.98	0.91	0.98
Other Liab	0.27	-0.06	0.31	0.26	0.27		0.29	0.26	0.25	-0.25	-0.29	0.42	0.24	0.46	-0.16	0.14	-0.32	0.23	0.3	0.41	0.3	-0.36	0.27	0.34	0.17	0.32
Net Tangible Assets	0.94	0.7	0.9	0.91	0.94	0.29		0.9	0.89	-0.87	-0.97	0.79	0.88	0.89	-0.17	0.52	-0.72	0.94	0.94	0.91	0.96	-0.76	0.75	0.94	0.86	0.95
Property Plant And Equipment Net	0.96	0.88	0.89	0.9	0.95	0.26	0.9		0.88	-0.87	-0.91	0.68	0.9	0.95	-0.41	0.64	-0.57	0.95	0.95	0.89	0.97	-0.6	0.93	0.95	0.87	0.97
Current Deferred Revenue	0.89	0.69	0.84	0.89	0.88	0.25	0.89	0.88		-0.77	-0.93	0.72	0.8	0.82	-0.18	0.48	-0.84	0.88	0.9	0.95	0.94	-0.84	0.74	0.89	0.75	0.93
Net Debt	-0.94	-0.6	-0.88	-0.84	-0.95	-0.25	-0.87	-0.87	-0.77		0.78	-0.82	-1.0	-0.88	0.58	-0.46	0.62	-0.95	-0.88	-0.83	-0.9	0.64	-0.67	-0.88	-0.85	-0.9
Retained Earnings	-0.9	-0.77	-0.84	-0.87	-0.89	-0.29	-0.97	-0.91	-0.93	0.78		-0.68	-0.81	-0.86	0.09	-0.5	0.7	-0.89	-0.91	-0.89	-0.95	0.71	-0.83	-0.9	-0.77	-0.93
Accounts Payable	0.8	0.3	0.92	0.87	0.81	0.42	0.79	0.68	0.72	-0.82	-0.68		0.8	0.82	-0.37	0.57	-0.75	0.78	0.83	0.85	0.8	-0.77	0.39	0.84	0.86	0.79
Cash	0.96	0.65	0.89	0.86	0.96	0.24	0.88	0.9	0.8	-1.0	-0.81	0.8		0.9	-0.56	0.49	-0.62	0.96	0.9	0.85	0.92	-0.65	0.72	0.9	0.87	0.92
Non Current Assets Total	0.94	0.73	0.95	0.93	0.93	0.46	0.89	0.95	0.82	-0.88	-0.86	0.82	0.9		-0.48	0.72	-0.61	0.92	0.95	0.91	0.94	-0.65	0.83	0.95	0.92	0.95
Non Currrent Assets Other	-0.4	-0.25	-0.42	-0.34	-0.4	-0.16	-0.17	-0.41	-0.18	0.58	0.09	-0.37	-0.56	-0.48		-0.41	0.13	-0.39	-0.3	-0.32	-0.32	0.16	-0.3	-0.32	-0.42	-0.35
Other Assets	0.55	0.6	0.75	0.75	0.52	0.14	0.52	0.64	0.48	-0.46	-0.5	0.57	0.49	0.72	-0.41		-0.38	0.5	0.62	0.58	0.57	-0.41	0.52	0.6	0.78	0.55
Long Term Debt	-0.65	-0.28	-0.71	-0.76	-0.65	-0.32	-0.72	-0.57	-0.84	0.62	0.7	-0.75	-0.62	-0.61	0.13	-0.38		-0.65	-0.67	-0.83	-0.72	0.97	-0.32	-0.66	-0.56	-0.67
Cash And Short Term Investments	1.0	0.75	0.92	0.91	1.0	0.23	0.94	0.95	0.88	-0.95	-0.89	0.78	0.96	0.92	-0.39	0.5	-0.65		0.97	0.9	0.97	-0.67	0.8	0.97	0.89	0.98
Net Receivables	0.98	0.75	0.96	0.96	0.98	0.3	0.94	0.95	0.9	-0.88	-0.91	0.83	0.9	0.95	-0.3	0.62	-0.67	0.97		0.94	0.98	-0.7	0.8	1.0	0.93	0.98
Common Stock Total Equity	0.92	0.62	0.93	0.95	0.91	0.41	0.91	0.89	0.95	-0.83	-0.89	0.85	0.85	0.91	-0.32	0.58	-0.83	0.9	0.94		0.96	-0.88	0.7	0.94	0.84	0.95
Common Stock Shares Outstanding	0.98	0.76	0.94	0.95	0.98	0.3	0.96	0.97	0.94	-0.9	-0.95	0.8	0.92	0.94	-0.32	0.57	-0.72	0.97	0.98	0.96		-0.76	0.82	0.98	0.89	1.0
Long Term Debt Total	-0.68	-0.31	-0.74	-0.79	-0.68	-0.36	-0.76	-0.6	-0.84	0.64	0.71	-0.77	-0.65	-0.65	0.16	-0.41	0.97	-0.67	-0.7	-0.88	-0.76		-0.35	-0.7	-0.59	-0.71
Non Current Liabilities Total	0.82	0.93	0.68	0.7	0.8	0.27	0.75	0.93	0.74	-0.67	-0.83	0.39	0.72	0.83	-0.3	0.52	-0.32	0.8	0.8	0.7	0.82	-0.35		0.79	0.67	0.84
Inventory	0.98	0.72	0.96	0.95	0.98	0.34	0.94	0.95	0.89	-0.88	-0.9	0.84	0.9	0.95	-0.32	0.6	-0.66	0.97	1.0	0.94	0.98	-0.7	0.79		0.93	0.99
Other Current Assets	0.91	0.69	0.97	0.95	0.91	0.17	0.86	0.87	0.75	-0.85	-0.77	0.86	0.87	0.92	-0.42	0.78	-0.56	0.89	0.93	0.84	0.89	-0.59	0.67	0.93		0.89
Other Stockholder Equity	0.99	0.77	0.93	0.93	0.98	0.32	0.95	0.97	0.93	-0.9	-0.93	0.79	0.92	0.95	-0.35	0.55	-0.67	0.98	0.98	0.95	1.0	-0.71	0.84	0.99	0.89

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Quanterix Corp Account Relationship Matchups

Quanterix Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	170.0M	271.0M	501.5M	434.2M	425.0M	245.1M
Short Long Term Debt Total	7.7M	30.8M	21.9M	44.1M	41.5M	23.4M
Other Current Liab	9.3M	17.3M	18.1M	12.9M	14.7M	11.4M
Total Current Liabilities	19.8M	39.8M	37.0M	31.0M	38.5M	27.2M
Total Stockholder Equity	128.7M	206.1M	441.0M	358.9M	346.9M	194.0M
Other Liab	13.9M	3.2M	3.1M	2.9M	3.3M	3.8M
Net Tangible Assets	105.0M	206.1M	420.8M	358.9M	412.8M	433.4M
Property Plant And Equipment Net	12.0M	25.9M	29.5M	41.4M	36.2M	18.6M
Current Deferred Revenue	4.7M	5.4M	6.4M	8.6M	9.5M	6.1M
Net Debt	(101.5M)	(150.8M)	(374.6M)	(294.6M)	(133.0M)	(139.6M)
Retained Earnings	(216.2M)	(247.8M)	(305.5M)	(402.2M)	(434.5M)	(412.8M)
Accounts Payable	5.8M	6.8M	9.2M	3.8M	5.0M	5.3M
Cash	109.2M	181.6M	396.5M	338.7M	174.4M	165.9M
Non Current Assets Total	37.3M	51.4M	52.6M	52.8M	46.6M	31.0M
Non Currrent Assets Other	(1.7M)	(4.8M)	(4.6M)	(6.5M)	4.4M	4.6M
Other Assets	1.6M	13.4M	3.0M	3.9M	4.5M	3.3M
Cash And Short Term Investments	109.2M	181.6M	396.5M	338.7M	321.3M	183.9M
Net Receivables	10.9M	17.2M	23.8M	19.0M	25.4M	14.0M
Common Stock Shares Outstanding	25.1M	29.6M	36.0M	37.0M	37.6M	29.5M
Liabilities And Stockholders Equity	170.0M	271.0M	501.5M	434.2M	425.0M	245.1M
Non Current Liabilities Total	21.5M	25.1M	23.6M	44.3M	39.6M	24.0M
Inventory	10.5M	14.9M	22.2M	16.8M	22.4M	12.1M
Other Current Assets	2.1M	12.0M	13.0M	6.9M	9.3M	5.7M
Other Stockholder Equity	345.0M	451.4M	745.9M	763.7M	783.1M	419.7M
Total Liab	41.3M	64.9M	60.6M	75.3M	78.1M	51.1M
Property Plant And Equipment Gross	12.0M	25.9M	18.0M	20.2M	50.3M	52.8M
Total Current Assets	132.7M	219.6M	449.0M	381.4M	378.4M	214.1M
Accumulated Other Comprehensive Income	(153K)	2.4M	441K	(2.6M)	(1.8M)	(1.8M)
Short Term Debt	75K	10.1M	2.9M	5.4M	8.5M	4.3M
Property Plant Equipment	12.0M	13.9M	29.5M	20.2M	23.2M	24.3M
Non Current Liabilities Other	7.6M	2.6M	2.0M	1.5M	1.7M	2.3M
Capital Surpluse	345.0M	451.4M	745.9M	763.7M	878.2M	501.1M
Net Invested Capital	136.3M	213.8M	441.0M	358.9M	346.9M	254.7M
Net Working Capital	112.8M	179.8M	412.0M	350.4M	339.9M	236.6M

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Quanterix Cash vs Cash And Short Term Investments Analysis

Cash vs Cash And Short Term Investments

Cash vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Cash

Cash And Short Term Investments

Quanterix Corp fundamental ratios Correlations

Quanterix Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Quanterix Corp fundamental ratios Accounts

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Additional Tools for Quanterix Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Stockholder Equity
Inventory	+ 1.0	Net Receivables
Other Stockholder Equity	+ 1.0	Common Stock Shares Outstanding
Other Stockholder Equity	+ 0.99	Total Assets

Cash	- 1.0	Net Debt
Retained Earnings	- 0.97	Net Tangible Assets
Common Stock Shares Outstanding	- 0.95	Retained Earnings
Cash And Short Term Investments	- 0.95	Net Debt
Net Debt	- 0.95	Total Stockholder Equity
Net Debt	- 0.94	Total Assets