Numinus Wellness has a Cash Ratio of 1.52. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Numinus Wellness's Cash Ratio or its related term are showing as below:
NMNWF'
s Cash Ratio Range Over the Past 10 Years
Min: 0.06 Med: 3.69 Max: 36.8
Current: 1.52
During the past 5 years, Numinus Wellness's highest Cash Ratio was 36.80. The lowest was 0.06. And the median was 3.69.
NMNWF's Cash Ratio is ranked better than 75.46% of 656
companies
in the Healthcare Providers & Services industry
Industry Median: 0.5
vs NMNWF: 1.52
Numinus Wellness Cash Ratio Historical Data
The historical data trend for Numinus Wellness's Cash Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Numinus Wellness's Cash Ratio
For the Medical Care Facilities subindustry, Numinus Wellness's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Numinus Wellness's Cash Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Numinus Wellness's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Numinus Wellness's Cash Ratio falls into.
Numinus Wellness Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Numinus Wellness's Cash Ratio for the fiscal year that ended in Aug. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Numinus Wellness (OTCPK:NMNWF) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Numinus Wellness Cash Ratio Related Terms
Thank you for viewing the detailed overview of Numinus Wellness's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Numinus Wellness (Numinus Wellness) Business Description
Numinus Wellness Inc develops proprietary, psychedelic-centered, therapeutic products and services through its laboratory and research & development processes. The company's clinic network consists of Numinus Health, Mindspace Services, and the Neurology Center of Toronto. Its services include Ketamine-assisted psychotherapy for depression, neurological care, psychotherapy, and counseling by registered psychologists among others. The company's operating segments are; Clinical research operations, Canadian clinic network, US clinic network and Corporate. The majority of the revenue for the company is generated from US clinic network segment. Geographically, the company has its presence in United States and Canada.
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