Tactile Systems Technology, Inc.

Tactile Systems Technology, Inc.verified

TCMD

Price:

$17.85

Market Cap:

$428.35M

Tactile Systems Technology, Inc., a medical technology company, engages in the development and provision of medical devices for chronic diseases in the United States. The company offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema; Entre system, a portable pneumatic compression device that is used for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers; and AffloVest, a portable high frequency chest wall oscillation test for the treatment of retained pulmonary secretions such as bronchiectasis, cystic fibrosis, and various neuromuscular disorders. The company was incorporated in ...[Read more]

Industry

Medical - Devices

IPO Date

2016-07-28

Stock Exchange

NASDAQ

Ticker

TCMD

The Current Ratio as of November 2024 (TTM) for Tactile Systems Technology, Inc. (TCMD) is 4.37

According to Tactile Systems Technology, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 4.37. This represents a change of 5.23% compared to the average of 4.15 of the last 4 quarters.

Tactile Systems Technology, Inc. (TCMD) Historical Current Ratio (quarterly & annually)

How has TCMD Current Ratio performed in the past?

The mean historical Current Ratio of Tactile Systems Technology, Inc. over the last ten years is 4.08. The current 4.37 Current Ratio has changed 10.62% with respect to the historical average. Over the past ten years (40 quarters), TCMD's Current Ratio was at its highest in in the June 2018 quarter at 6.49. The Current Ratio was at its lowest in in the March 2015 quarter at 0.

Quarterly (TTM)
Annual

Average

4.08

Median

4.34

Minimum

1.86

Maximum

5.29

Tactile Systems Technology, Inc. (TCMD) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Tactile Systems Technology, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 90.09%

Maximum Annual Current Ratio = 5.29

Minimum Annual Increase = -43.50%

Minimum Annual Current Ratio = 1.86

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.5490.09%
20221.86-43.50%
20213.29-28.79%
20204.63-8.48%
20195.06-4.34%
20185.28-0.18%
20175.2913.69%
20164.6650.72%
20153.09-23.85%
20144.060.53%

Tactile Systems Technology, Inc. (TCMD) Average Current Ratio

How has TCMD Current Ratio performed in the past?

The current Current Ratio of Tactile Systems Technology, Inc. (TCMD) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

2.90

5-year avg

3.68

10-year avg

4.08

Tactile Systems Technology, Inc. (TCMD) Current Ratio vs. Peers

How is TCMD’s Current Ratio compared to its peers?

Tactile Systems Technology, Inc.’s Current Ratio is greater than CONMED Corporation (2.27), greater than Treace Medical Concepts, Inc. (4.12), greater than Surmodics, Inc. (3.96), greater than LivaNova PLC (3.37), less than RxSight, Inc. (12.67), greater than AxoGen, Inc. (3.74), less than Pulmonx Corporation (7.70), greater than Orthofix Medical Inc. (2.39), less than CVRx, Inc. (11.32), greater than Accelerate Diagnostics, Inc. (1.50), less than NeuroPace, Inc. (5.59), less than Anika Therapeutics, Inc. (5.34), less than OrthoPediatrics Corp. (7.17), less than Sight Sciences, Inc. (10.18), greater than Paragon 28, Inc. (3.50), less than iRhythm Technologies, Inc. (6.27), less than Heska Corporation (6.70), less than Electromed, Inc. (5.53),

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