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. Nutex Health's Cash Ratio for the quarter that ended in Dec. 2023 was 0.38.
Nutex Health has a Cash Ratio of 0.38. 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 Nutex Health's Cash Ratio or its related term are showing as below:
NUTX'
s Cash Ratio Range Over the Past 10 Years
Min: 0.11 Med: 0.62 Max: 0.96
Current: 0.38
During the past 5 years, Nutex Health's highest Cash Ratio was 0.96. The lowest was 0.11. And the median was 0.62.
NUTX's Cash Ratio is ranked worse than 57.94% of 649
companies
in the Healthcare Providers & Services industry
Industry Median: 0.51
vs NUTX: 0.38
Nutex Health Cash Ratio Historical Data
The historical data trend for Nutex Health'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.
* Premium members only.
Nutex Health Annual Data
Trend
Dec19
Dec20
Dec21
Dec22
Dec23
Cash Ratio
0.11
0.81
0.96
0.62
0.38
Nutex Health Quarterly Data
Dec19
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Cash Ratio
0.62
0.69
0.57
0.40
0.38
Competitive Comparison
For the Health Information Services subindustry, Nutex Health'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.
Nutex Health Cash Ratio Distribution
For the Healthcare Providers & Services industry and Healthcare sector, Nutex Health's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Nutex Health's Cash Ratio falls into.
Nutex Health Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Nutex Health's Cash Ratio for the fiscal year that ended in Dec. 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.
Nutex Health (NAS:NUTX) 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.
Nutex Health Cash Ratio Related Terms
Thank you for viewing the detailed overview of Nutex Health's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Nutex Health Inc is healthcare services and operations company with 19 hospital facilities in eight states (hospital division), and a primary care-centric, risk-bearing population health management division. The hospital division implements and operates healthcare models, including micro-hospitals, specialty hospitals and hospital outpatient departments (HOPDs). The population health management division owns and operates provider networks such as independent physician associations (IPAs) and offers a cloud-based proprietary technology platform to IPAs that aggregates clinical and claims data across multiple settings, information systems and sources to create a holistic view of patients and providers.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NUTX has been successfully added to your 