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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. SOC Telemed's current ratio for the quarter that ended in Dec. 2021 was 3.32.
SOC Telemed has a current ratio of 3.32. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for SOC Telemed's Current Ratio or its related term are showing as below:
TLMDW'
s Current Ratio Range Over the Past 10 Years
Min: 1.58 Med: 3.08 Max: 3.32
Current: 3.32
During the past 3 years, SOC Telemed's highest Current Ratio was 3.32. The lowest was 1.58. And the median was 3.08.
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.
SOC Telemed Current Ratio Related Terms
SOC Telemed Current Ratio Historical Data
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The historical data trend for SOC Telemed'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.
SOC Telemed Current Ratio Chart
SOC Telemed Annual Data
Trend
Dec19
Dec20
Dec21
Current Ratio
1.58
3.08
3.32
SOC Telemed Semi-Annual Data
Dec19
Dec20
Dec21
Current Ratio
1.58
3.08
3.32
TLMDW vs PHCI, JYNT, TALK: Current Ratio Comparison
For the Medical Care Facilities subindustry, SOC Telemed'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.
SOC Telemed Current Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, SOC Telemed's Current Ratio distribution charts can be found below:
* The bar in red indicates where SOC Telemed's Current Ratio falls into.
* 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.
SOC Telemed (TLMDW) has a Current Ratio of 3.32 as of Dec. 2021. This is near median its historical median of 3.08. Over the past decade, SOC Telemed's Current Ratio has ranged from 1.58 to 3.32.
Is SOC Telemed's Current Ratio too high?
SOC Telemed's current Current Ratio of 3.32 is near median its 10-year median of 3.08. Over the past 10 years, this metric has ranged from a low of 1.58 to a high of 3.32. The Healthcare Providers & Services industry median Current Ratio is 1.42. SOC Telemed's value of 3.32 is 133.8% above this industry median. Overall, SOC Telemed has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does SOC Telemed's Current Ratio compare to PHCI and JYNT?
SOC Telemed's Current Ratio of 3.32 can be compared against companies in the Healthcare Providers & Services industry. The industry median Current Ratio is 1.42. SOC Telemed's value of 3.32 is 133.8% above this benchmark. Historically, SOC Telemed's own Current Ratio has ranged from 1.58 to 3.32 over the past decade. While the company's 10-year median is 3.08 vs. the industry median of 1.42, SOC Telemed has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Healthcare Providers & Services company?
The median Current Ratio among Healthcare Providers & Services companies is 1.42, based on 686 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SOC Telemed's current Current Ratio of 3.32 is 133.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Healthcare Providers & Services industry, the median Current Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SOC Telemed's current Current Ratio is 3.32, which is near median its own 10-year median of 3.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SOC Telemed stock overvalued right now?
SOC Telemed (TLMDW) has a current Current Ratio of 3.32. The current Current Ratio is 3.32, which is near median its 10-year median of 3.08 and 133.8% above the Healthcare Providers & Services industry median of 1.42. SOC Telemed's overall GF Score™ is 19/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For SOC Telemed (TLMDW), the current Current Ratio is 3.32 as of Dec. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
SOC Telemed Inc is a provider of acute care telemedicine services and technology to U.S. hospitals and healthcare systems based on number of clients. It provides technology enabled clinical solutions which include acute teleNeurology, telePsychiatry, and teleICU, and telePulmonology service. It supports specialty care, providing time-sensitive specialty care when patients are vulnerable and may not otherwise have access. Its solution was developed to support complex workflows in the acute care setting by integrating cloud-based software platform, Telemed IQ, with a panel of patient advocates and a network of clinical specialists to create a seamless, acute telemedicine solution.
19GF Score
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