What is Advanced Health Intelligence Current Ratio?
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Advanced Health Intelligence's current ratio for the quarter that ended in Sep. 2023 was 0.00.
Advanced Health Intelligence has a current ratio of 0.00. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Advanced Health Intelligence has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Advanced Health Intelligence's Current Ratio or its related term are showing as below:
AHI'
s Current Ratio Range Over the Past 10 Years
Min: 0.29 Med: 1.53 Max: 54.29
Current: 0.54
During the past 9 years, Advanced Health Intelligence's highest Current Ratio was 54.29. The lowest was 0.29. And the median was 1.53.
AHI's Current Ratio is ranked worse than 90.59% of 2836
companies
in the Software industry
Industry Median: 1.77
vs AHI: 0.54
Advanced Health Intelligence Current Ratio Historical Data
* 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 Advanced Health Intelligence's Current Ratio
For the Software - Application subindustry, Advanced Health Intelligence's Current Ratio, along with its competitors' market caps and Current 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.
Advanced Health Intelligence's Current Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Advanced Health Intelligence's Current Ratio distribution charts can be found below:
* The bar in red indicates where Advanced Health Intelligence's Current Ratio falls into.
Advanced Health Intelligence Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
* 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.
Advanced Health Intelligence (NAS:AHI) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Advanced Health Intelligence Current Ratio Related Terms
Thank you for viewing the detailed overview of Advanced Health Intelligence's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Advanced Health Intelligence (Advanced Health Intelligence) Business Description
Advanced Health Intelligence Ltd (AHI) is engaged in developing and delivering user-friendly biometric scans to render vital signs and health risk estimates to a smartphone. By leveraging the smartphone with purpose-built computer vision, machine learning models, and patented algorithms, AHI provides a private and secure way for individuals to perform biometric health-risk assessment and stratification. AHI's technology delivers simple-to-use, scalable, and cost-effective means to enable individuals to check, track and act towards better health outcomes. The combination of the patented and proprietary BodyScan dimensioning and composition capabilities and, FaceScan to return vital signs enables a unique health assessment capability made accessible anytime, anywhere through the smartphone.
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