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Medical Imaging (Medical Imaging) Current Ratio : 0.10 (As of Sep. 2018)


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What is Medical Imaging 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. Medical Imaging's current ratio for the quarter that ended in Sep. 2018 was 0.10.

Medical Imaging has a current ratio of 0.10. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Medical Imaging 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 Medical Imaging's Current Ratio or its related term are showing as below:

MEDD's Current Ratio is not ranked *
in the Medical Diagnostics & Research industry.
Industry Median: 2.03
* Ranked among companies with meaningful Current Ratio only.

Medical Imaging Current Ratio Historical Data

The historical data trend for Medical Imaging's Current 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.

Medical Imaging Current Ratio Chart

Medical Imaging Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.75 0.38 0.19 0.13

Medical Imaging Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.15 0.13 0.12 0.10 0.10

Competitive Comparison of Medical Imaging's Current Ratio

For the Diagnostics & Research subindustry, Medical Imaging'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.


Medical Imaging's Current Ratio Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Medical Imaging's Current Ratio distribution charts can be found below:

* The bar in red indicates where Medical Imaging's Current Ratio falls into.



Medical Imaging 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.

Medical Imaging's Current Ratio for the fiscal year that ended in Dec. 2017 is calculated as

Current Ratio (A: Dec. 2017 )=Total Current Assets (A: Dec. 2017 )/Total Current Liabilities (A: Dec. 2017 )
=1.033/8.027
=0.13

Medical Imaging's Current Ratio for the quarter that ended in Sep. 2018 is calculated as

Current Ratio (Q: Sep. 2018 )=Total Current Assets (Q: Sep. 2018 )/Total Current Liabilities (Q: Sep. 2018 )
=0.964/9.356
=0.10

* 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.


Medical Imaging  (OTCPK:MEDD) 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.


Medical Imaging Current Ratio Related Terms

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Medical Imaging (Medical Imaging) Business Description

Traded in Other Exchanges
N/A
Address
848 N Rainbow Boulevard, Suite 2494, Las Vegas, NV, USA, 89107
Medical Imaging Corp is a United States-based healthcare services company focused on the acquisition of existing full-service imaging clinics. Through its subsidiaries, the firm provides medical diagnostic imaging services. The services provided include magnetic resonance imaging, CT scans, ultrasound, X-ray, and others. The group has operations in the United States and Canada. The organization generates revenue from the medical scans services and teleradiology services, of which medical scans services contributes the maximum to the revenue.

Medical Imaging (Medical Imaging) Headlines