Mobile-health Network Solutions has a Cash Ratio of 0.89. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Mobile-health Network Solutions's Cash Ratio or its related term are showing as below:
MNDR'
s Cash Ratio Range Over the Past 10 Years
Min: 0.25 Med: 0.89 Max: 8.07
Current: 0.89
During the past 3 years, Mobile-health Network Solutions's highest Cash Ratio was 8.07. The lowest was 0.25. And the median was 0.89.
MNDR's Cash Ratio is ranked better than 65.09% of 656
companies
in the Healthcare Providers & Services industry
Industry Median: 0.5
vs MNDR: 0.89
Mobile-health Network Solutions Cash 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.
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Mobile-health Network Solutions Cash Ratio Chart
Mobile-health Network Solutions Annual Data
Trend
Jun21
Jun22
Jun23
Cash Ratio
0.25
8.07
0.89
Mobile-health Network Solutions Quarterly Data
Jun21
Dec21
Jun22
Dec22
Jun23
Cash Ratio
0.25
-
8.07
4.73
0.89
Competitive Comparison of Mobile-health Network Solutions's Cash Ratio
For the Health Information Services subindustry, Mobile-health Network Solutions'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.
Mobile-health Network Solutions's Cash Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Mobile-health Network Solutions's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Mobile-health Network Solutions's Cash Ratio falls into.
Mobile-health Network Solutions Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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.
Mobile-health Network Solutions (NAS:MNDR) 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.
Mobile-health Network Solutions Cash Ratio Related Terms
Thank you for viewing the detailed overview of Mobile-health Network Solutions's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Mobile-health Network Solutions (Mobile-health Network Solutions) Business Description
Mobile-health Network Solutions is a company engaged in providing telehealth solutions in terms of various matrices, such as the number of patient consultations per day and the ranking of its mobile application. They provide their services on its MaNaDr platform, which is accessible via their mobile application and website. The MaNaDr platform is a platform designed and created by doctors, for doctors and users. The company's revenues are derived mainly from the provision of telemedicine and other services, sale of medicine and medical devices.
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