SELECT * FROM `stock_list` WHERE `symbol` = "RQHTF" and stock_list.exchange IN (SELECT exchange FROM gurufocu_main.stock_list_exchanges where country='USA' and active=1) limit 0,1 SELECT * FROM `stock_list` where symbol='RQHTF' AND exchange = 'OTCPK' limit 0,1 SELECT * FROM `stock_list` WHERE `symbol` = "RQHTF" and stock_list.exchange IN (SELECT exchange FROM gurufocu_main.stock_list_exchanges where country='USA' and active=1) limit 0,1
RQHTF (Reliq Health Technologies) 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. Reliq Health Technologies's current ratio for the quarter that ended in Sep. 2022 was 1.72.
Reliq Health Technologies has a current ratio of 1.72. It generally indicates good short-term financial strength.
The historical rank and industry rank for Reliq Health Technologies's Current Ratio or its related term are showing as below:
RQHTF's Current Ratio is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 1.38 * Ranked among companies with meaningful Current Ratio only.
Reliq Health Technologies 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 Reliq Health Technologies's Current Ratio
For the Health Information Services subindustry, Reliq Health Technologies'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.
Reliq Health Technologies's Current Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Reliq Health Technologies's Current Ratio distribution charts can be found below:
* The bar in red indicates where Reliq Health Technologies's Current Ratio falls into.
Reliq Health Technologies 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.
Reliq Health Technologies's Current Ratio for the fiscal year that ended in Jun. 2022 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.
Reliq Health Technologies (OTCPK:RQHTF) 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.
Reliq Health Technologies Current Ratio Related Terms
Thank you for viewing the detailed overview of Reliq Health Technologies's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Reliq Health Technologies (Reliq Health Technologies) Business Description
Reliq Health Technologies Inc specializes in developing Software-as-a-Service (SaaS) solutions for remote patient monitoring, telemedicine, and care collaboration. Reliq's IUGO health technology platform is a hardware and software solution that allows complex patients to receive high-quality care in the home, improving health outcomes, enhancing the quality of life for patients and families and reducing the cost of care delivery. The firm earns through the supply of mobile device management (MDM) solutions for mobile devices and subscriptions of the iUGO CARE platform to healthcare client. The firm is based in Canada.
Reliq Health Technologies (Reliq Health Technologies) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
RQHTF has been successfully added to your 