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Cognetivity Neurosciences has a quick ratio of 0.02. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Cognetivity Neurosciences's Quick Ratio or its related term are showing as below:
CGNSF's Quick Ratio is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 1.275 * Ranked among companies with meaningful Quick Ratio only.
Cognetivity Neurosciences (OTCPK:CGNSF) 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.
Cognetivity Neurosciences Quick Ratio Related Terms
Cognetivity Neurosciences Quick 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.
For the Health Information Services subindustry, Cognetivity Neurosciences'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.
Cognetivity Neurosciences Quick Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Cognetivity Neurosciences's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Cognetivity Neurosciences's Quick Ratio falls into.
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.
Cognetivity Neurosciences's Quick Ratio for the fiscal year that ended in Jan. 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.
Cognetivity Neurosciences (CGNSF) has a Quick Ratio of 0.02 as of Oct. 2023. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Cognetivity Neurosciences and its competitors.
Is Cognetivity Neurosciences' Quick Ratio too high?
Cognetivity Neurosciences' current Quick Ratio is 0.02. The Healthcare Providers & Services industry median Quick Ratio is 1.28. Cognetivity Neurosciences' value of 0.02 is 98.4% below this industry median.
How does Cognetivity Neurosciences' Quick Ratio compare to VEEV and GEHC?
Cognetivity Neurosciences' Quick Ratio of 0.02 can be compared against companies in the Healthcare Providers & Services industry. The industry median Quick Ratio is 1.28. Cognetivity Neurosciences' value of 0.02 is 98.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Healthcare Providers & Services company?
The median Quick Ratio among Healthcare Providers & Services companies is 1.28, based on 682 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cognetivity Neurosciences's current Quick Ratio of 0.02 is 98.4% below 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Cognetivity Neurosciences and its competitors. For the Healthcare Providers & Services industry, the median Quick Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cognetivity Neurosciences's current Quick Ratio is 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cognetivity Neurosciences stock overvalued right now?
Cognetivity Neurosciences (CGNSF) has a current Quick Ratio of 0.02. The current Quick Ratio is 0.02 and 98.4% below the Healthcare Providers & Services industry median of 1.28. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Cognetivity Neurosciences (CGNSF), the current Quick Ratio is 0.02 as of Oct. 2023. 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.
Cognetivity Neurosciences Ltd is a technology company developing a cognitive testing platform, the Integrated Cognitive Assessment (ICA), for use in medical, commercial, and consumer environments for potentially allowing early diagnosis of dementia. The Company is considered operating in one segment for development of the ICA platform. Its geographical areas include Canada, United Kingdom and Dubai.
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