Health CatalystHCAT -1.71%49 Quick Ratio is 1.69 as of Mar. 2026, which is 55% below its 10-year median of 3.75. GuruFocus rates HCAT with a GF Score™ of 49/100 and a GF Value™ of $5.07 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 683 Healthcare Providers & Services companies, Health Catalyst ranks better than 62.52% on this metric.
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. Health Catalyst's quick ratio for the quarter that ended in Mar. 2026 was 1.69.
Health Catalyst has a quick ratio of 1.69. It generally indicates good short-term financial strength.
The historical rank and industry rank for Health Catalyst's Quick Ratio or its related term are showing as below:
HCAT'
s Quick Ratio Range Over the Past 10 Years
Min: 1.18 Med: 3.75 Max: 7.91
Current: 1.69
During the past 9 years, Health Catalyst's highest Quick Ratio was 7.91. The lowest was 1.18. And the median was 3.75.
HCAT's Quick Ratio is ranked better than 62.52% of 683
companies
in the Healthcare Providers & Services industry
Industry Median: 1.32
vs HCAT: 1.69
Health Catalyst (NAS:HCAT) 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.
Health Catalyst Quick Ratio Related Terms
Health Catalyst Quick Ratio Historical Data
* Premium members only.
The historical data trend for Health Catalyst'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.
For the Health Information Services subindustry, Health Catalyst'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.
Health Catalyst Quick Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Health Catalyst's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Health Catalyst'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.
Health Catalyst's Quick Ratio for the fiscal year that ended in Dec. 2025 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.
Health Catalyst (HCAT) has a Quick Ratio of 1.69 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Health Catalyst and its competitors. This is 55% below median its historical median of 3.75. Over the past decade, Health Catalyst's Quick Ratio has ranged from 1.18 to 7.91. According to the industry distribution chart, Health Catalyst ranks #256 out of 683 companies in the Healthcare Providers & Services industry, placing it in the top 37.5%.
Is Health Catalyst's Quick Ratio too high?
Health Catalyst's current Quick Ratio of 1.69 is 55% below median its 10-year median of 3.75. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 7.91. The Healthcare Providers & Services industry median Quick Ratio is 1.32. Health Catalyst's value of 1.69 is 28% above this industry median. Based on the distribution chart, Health Catalyst ranks #256 out of 683 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Health Catalyst has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Health Catalyst's Quick Ratio compare to CCLD and DH?
According to the Healthcare Providers & Services industry distribution chart, Health Catalyst ranks #256 out of 683 companies for Quick Ratio. This puts Health Catalyst in the upper half of its industry. The industry median Quick Ratio is 1.32. Health Catalyst's value of 1.69 is 28% above this benchmark. Historically, Health Catalyst's own Quick Ratio has ranged from 1.18 to 7.91 over the past decade. While the company's 10-year median is 3.75 vs. the industry median of 1.32, Health Catalyst 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 Quick Ratio for a Healthcare Providers & Services company?
The median Quick Ratio among Healthcare Providers & Services companies is 1.32, based on 683 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. Health Catalyst's current Quick Ratio of 1.69 is 28% 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 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 Health Catalyst and its competitors. For the Healthcare Providers & Services industry, the median Quick Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Health Catalyst's current Quick Ratio is 1.69, which is 55% below median its own 10-year median of 3.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Health Catalyst stock overvalued right now?
Based on GuruFocus' analysis, Health Catalyst (HCAT) is currently considered Possible Value Trap. The stock's GF Value™ is $5.07, compared to a current price of $1.72 — trading 66.1% below its estimated fair value. The current Quick Ratio is 1.69, which is 55% below median its 10-year median of 3.75 and 28% above the Healthcare Providers & Services industry median of 1.32. Health Catalyst's overall GF Score™ is 49/100 with 5 warning signs to review. 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 Health Catalyst (HCAT), the current Quick Ratio is 1.69 as of Mar. 2026. 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.
Is Health Catalyst (HCAT) Overvalued in 2026?
Based on GuruFocus' analysis, Health Catalyst stock appears to be undervalued.
The current stock price of $1.72 is trading 66.1% below its estimated GF Value™ of $5.07.
GuruFocus considers Health Catalyst to be Possible Value Trap.
Key valuation signals for HCAT:
Quick Ratio: 1.69 (55% below median its 10-year median of 3.75)
GF Value™: $5.07 vs. price of $1.72 (66.1% below fair value)
Industry Position: 28% above the Healthcare Providers & Services median (#256 of 683)
No single metric tells the full story. See the HCAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Health Catalyst Inc provides data and analytics technology and services to healthcare organizations. It has two operating segments. The Technology segment, the key revenue driver, includes data platform, analytics applications and support services and generates revenues mainly from contracts that are cloud-based subscription arrangements, time-based license arrangements, and maintenance and support fees; the Professional Services segment is generally the combination of analytics, implementation, strategic advisory, outsourcing, and improvement services to deliver expertise to its customers to more fully configure and utilize the benefits of the technology offerings.
49GF Score
Get the complete analysis for HCAT
Quick Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HCAT has been successfully added to your 
