Oneview Healthcare (ASX:ONE) Quick Ratio : 1.51 (As of Dec. 2023)

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What is Oneview Healthcare Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Oneview Healthcare's quick ratio for the quarter that ended in Dec. 2023 was 1.51.

Oneview Healthcare has a quick ratio of 1.51. It generally indicates good short-term financial strength.

The historical rank and industry rank for Oneview Healthcare's Quick Ratio or its related term are showing as below:

ASX:ONE' s Quick Ratio Range Over the Past 10 Years
Min: 1.26 Med: 1.74 Max: 8.21
Current: 1.51

During the past 8 years, Oneview Healthcare's highest Quick Ratio was 8.21. The lowest was 1.26. And the median was 1.74.

ASX:ONE's Quick Ratio is ranked better than
60.71% of 677 companies
in the Healthcare Providers & Services industry
Industry Median: 1.2 vs ASX:ONE: 1.51

Oneview Healthcare Quick Ratio Historical Data

The historical data trend for Oneview Healthcare's Quick 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.

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Oneview Healthcare Quick Ratio Chart

Oneview Healthcare Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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1.73

1.26

1.75

1.37

1.51

Oneview Healthcare Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Quick Ratio	Get a 7-Day Free Trial											1.75	1.34	1.37	0.86	1.51

Competitive Comparison of Oneview Healthcare's Quick Ratio

For the Health Information Services subindustry, Oneview Healthcare's Quick Ratio, along with its competitors' market caps and Quick 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.

Oneview Healthcare's Quick Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Oneview Healthcare's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Oneview Healthcare's Quick Ratio falls into.

Oneview Healthcare Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

Oneview Healthcare's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(32.469	-	3.651)	/	19.122
	=	1.51

Oneview Healthcare's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(32.469	-	3.651)	/	19.122
	=	1.51

Oneview Healthcare (ASX:ONE) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.

Oneview Healthcare Quick Ratio Related Terms

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Oneview Healthcare (ASX:ONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Oneview Healthcare PLC (ASX:ONE) » Definitions » Quick Ratio

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ONVVF:USA

Address

Temple Road, 2nd Floor, Avoca Court, Blackrock Co, Dublin, IRL, A94 R7W3

Website

https://www.oneviewhealthcare.com

Oneview Healthcare PLC provides patient engagement and clinical workflow technology solutions to healthcare facilities. It provides various solutions such as Inpatient Solution, Outpatient Solution, Clinical Pathways, and others. The company generates its revenue in the form of software usage and content revenue, support income, and license fees. Geographically the company operates in Ireland, the United States, Australia, and the Middle East, and Asia. Generating, a majority of its revenue is from Australia. The group has one reportable segment which provides a patient engagement solution for the healthcare sector.