Tactile Systems Technology Inc

NASDAQ TCMD

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Tactile Systems Technology Inc Quick Ratio for the year ending December 31, 2023: 2.99

Tactile Systems Technology Inc Quick Ratio is 2.99 for the year ending December 31, 2023, a 99.05% change year over year. The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations using its most liquid assets. It is calculated by dividing the current assets minus inventory by the current liabilities. This ratio provides insights into the company's liquidity position and its ability to pay off current liabilities without relying on inventory sales. A higher ratio suggests a stronger ability to meet short-term obligations with readily available assets.
  • Tactile Systems Technology Inc Quick Ratio for the year ending December 31, 2022 was 1.50, a -45.12% change year over year.
  • Tactile Systems Technology Inc Quick Ratio for the year ending December 31, 2021 was 2.74, a -30.39% change year over year.
  • Tactile Systems Technology Inc Quick Ratio for the year ending December 31, 2020 was 3.93.
NASDAQ: TCMD

Tactile Systems Technology Inc

CEO Mr. Daniel L. Reuvers
IPO Date July 28, 2016
Location United States
Headquarters 3701 Wayzata Boulevard, Minneapolis, MN, United States, 55416
Employees 992
Sector Healthcare
Industry Medical devices
Description

Tactile Systems Technology, Inc., a medical technology company, develops and provides medical devices to treat underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema in the home setting; and Entre Plus System, a portable pneumatic compression device for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers. The company also provides Kylee, a mobile application to help patients learn about lymphedema, track their symptoms, and treatment, as well as to share their progress with their doctor; and AffloVest, a portable high frequency chest wall oscillation vest to treat patients with retained pulmonary secretions resulting from bronchiectasis, cystic fibrosis, and various neuromuscular disorders. Tactile Systems Technology, Inc. was incorporated in 1995 and is headquartered in Minneapolis, Minnesota.

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StockViz Staff

September 20, 2024

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