KDLY (Kindly MD) Cash Ratio : 5.02 (As of Sep. 2024)

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What is Kindly MD Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Kindly MD's Cash Ratio for the quarter that ended in Sep. 2024 was 5.02.

Kindly MD has a Cash Ratio of 5.02. 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 Kindly MD's Cash Ratio or its related term are showing as below:

KDLY' s Cash Ratio Range Over the Past 10 Years
Min: 0.27 Med: 0.62 Max: 5.03
Current: 5.02

During the past 3 years, Kindly MD's highest Cash Ratio was 5.03. The lowest was 0.27. And the median was 0.62.

KDLY's Cash Ratio is ranked better than
94.44% of 665 companies
in the Healthcare Providers & Services industry
Industry Median: 0.57 vs KDLY: 5.02

Kindly MD Cash Ratio Historical Data

The historical data trend for Kindly MD'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.

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Kindly MD Cash Ratio Chart

Kindly MD Annual Data

Trend

Dec21

Dec22

Dec23

Cash Ratio

0.81

0.57

0.65

Kindly MD Quarterly Data
	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash Ratio	Get a 7-Day Free Trial						-	0.65	0.33	5.03	5.02

Competitive Comparison of Kindly MD's Cash Ratio

For the Medical Care Facilities subindustry, Kindly MD'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.

Kindly MD's Cash Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Kindly MD's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Kindly MD's Cash Ratio falls into.

Kindly MD Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Kindly MD's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	0.526	/	0.814
	=	0.65

Kindly MD's Cash Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash Ratio (Q: Sep. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	3.643	/	0.726
	=	5.02

Kindly MD (NAS:KDLY) 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.

Kindly MD Cash Ratio Related Terms

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Kindly MD Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Kindly MD Inc (NAS:KDLY) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

5097 South 900 East, Suite 100, Salt Lake, UT, USA, 84117

Website

https://www.kindlymd.com

Kindly MD Inc is a holistically focused pain management clinic and healthcare data company. It offers direct health care to patients integrating prescription medicine and behavioral health services to reduce opioid use in the chronic pain patient population. Its specialty outpatient clinical services are offered on a subscription and fee-for-service basis to augment traditional healthcare. The Company offers evaluation and management, including, but not limited to chronic pain, functional medicine, cognitive behavioral therapy, recovery support services, overdose education efforts, peer support, limited urgent care, preventative medicine, travel services, and hormone therapy.