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Health In TechHIT -0.97%19 Quick Ratio is 2.18 as of Jun. 2026, which is 4% below its 10-year median of 2.26. GuruFocus rates HIT with a GF Score™ of 19/100. The stock has 2 warning signs investors should review. Among 2,875 Software companies, Health In Tech ranks better than 62.54% 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 In Tech's quick ratio for the quarter that ended in Jun. 2026 was 2.18.
Health In Tech has a quick ratio of 2.18. It generally indicates good short-term financial strength.
The historical rank and industry rank for Health In Tech's Quick Ratio or its related term are showing as below:
HIT'
s Quick Ratio Range Over the Past 10 Years
Min: 1.06 Med: 2.26 Max: 5.06
Current: 2.18
During the past 4 years, Health In Tech's highest Quick Ratio was 5.06. The lowest was 1.06. And the median was 2.26.
HIT's Quick Ratio is ranked better than 62.54% of 2875
companies
in the Software industry
Industry Median: 1.67
vs HIT: 2.18
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 In Tech Quick Ratio Related Terms
Health In Tech Quick Ratio Historical Data
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The historical data trend for Health In Tech'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 Software - Application subindustry, Health In Tech'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 In Tech Quick Ratio vs Software Industry
For the Software industry and Technology sector, Health In Tech's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Health In Tech'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 In Tech'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 In Tech (HIT) has a Quick Ratio of 2.18 as of Jun. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Health In Tech and its competitors. This is near median its historical median of 2.26. Over the past decade, Health In Tech's Quick Ratio has ranged from 1.06 to 5.06. According to the industry distribution chart, Health In Tech ranks #1077 out of 2875 companies in the Software industry, placing it in the top 37.5%.
Is Health In Tech's Quick Ratio too high?
Health In Tech's current Quick Ratio of 2.18 is near median its 10-year median of 2.26. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 5.06. The Software industry median Quick Ratio is 1.67. Health In Tech's value of 2.18 is 30.5% above this industry median. Based on the distribution chart, Health In Tech ranks #1077 out of 2875 companies in the Software industry, which is above the industry midpoint. Overall, Health In Tech has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Health In Tech's Quick Ratio compare to AEYE and IDN?
According to the Software industry distribution chart, Health In Tech ranks #1077 out of 2875 companies for Quick Ratio. This puts Health In Tech in the upper half of its industry. The industry median Quick Ratio is 1.67. Health In Tech's value of 2.18 is 30.5% above this benchmark. Historically, Health In Tech's own Quick Ratio has ranged from 1.06 to 5.06 over the past decade. While the company's 10-year median is 2.26 vs. the industry median of 1.67, Health In Tech 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 Software company?
The median Quick Ratio among Software companies is 1.67, based on 2,875 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 In Tech's current Quick Ratio of 2.18 is 30.5% 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 In Tech and its competitors. For the Software industry, the median Quick Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Health In Tech's current Quick Ratio is 2.18, which is near median its own 10-year median of 2.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Health In Tech stock overvalued right now?
Health In Tech (HIT) has a current Quick Ratio of 2.18. The current Quick Ratio is 2.18, which is near median its 10-year median of 2.26 and 30.5% above the Software industry median of 1.67. Health In Tech's overall GF Score™ is 19/100 with 2 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 In Tech (HIT), the current Quick Ratio is 2.18 as of Jun. 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.
Health In Tech Inc is an AI-enabled insurance technology platform company that offers a marketplace that improves processes in the healthcare industry through vertical integration, process simplification, and automation. By removing friction and complexities, it streamlines the underwriting, sales, and service process for insurance companies, licensed brokers, Managing General Underwriter (MGUs), and third-party administrators (TPAs). The company's platform serves as a marketplace for brokers, TPAs, MGUs and carriers with self-funded health insurance options for employers. The platform includes functions such as plan customization, stop-loss quoting, underwriting, claims administration, and reporting integration.
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