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Net Medical Xpress Solutions has a quick ratio of 1.55. It generally indicates good short-term financial strength.
The historical rank and industry rank for Net Medical Xpress Solutions's Quick Ratio or its related term are showing as below:
NMXS's Quick Ratio is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 1.31 * Ranked among companies with meaningful Quick Ratio only.
Net Medical Xpress Solutions (OTCPK:NMXS) 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.
Net Medical Xpress Solutions Quick Ratio Related Terms
Net Medical Xpress Solutions 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, Net Medical Xpress Solutions'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.
Net Medical Xpress Solutions Quick Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Net Medical Xpress Solutions's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Net Medical Xpress Solutions's Quick Ratio falls into.
Net Medical Xpress Solutions 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.
* 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.
Net Medical Xpress Solutions (NMXS) has a Quick Ratio of 1.55 as of Jun. 2018. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Net Medical Xpress Solutions and its competitors.
Is Net Medical Xpress Solutions' Quick Ratio too high?
Net Medical Xpress Solutions' current Quick Ratio is 1.55. The Healthcare Providers & Services industry median Quick Ratio is 1.31. Net Medical Xpress Solutions' value of 1.55 is 18.3% above this industry median.
How does Net Medical Xpress Solutions' Quick Ratio compare to TVMD and UCBB?
Net Medical Xpress Solutions' Quick Ratio of 1.55 can be compared against companies in the Healthcare Providers & Services industry. The industry median Quick Ratio is 1.31. Net Medical Xpress Solutions' value of 1.55 is 18.3% above 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 1.31, based on 679 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. Net Medical Xpress Solutions's current Quick Ratio of 1.55 is 18.3% 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 Net Medical Xpress Solutions and its competitors. For the Healthcare Providers & Services industry, the median Quick Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Net Medical Xpress Solutions's current Quick Ratio is 1.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Net Medical Xpress Solutions stock overvalued right now?
Net Medical Xpress Solutions (NMXS) has a current Quick Ratio of 1.55. The current Quick Ratio is 1.55 and 18.3% above the Healthcare Providers & Services industry median of 1.31. 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 Net Medical Xpress Solutions (NMXS), the current Quick Ratio is 1.55 as of Jun. 2018. 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.
Net Medical Xpress Solutions Inc is engaged in providing solutions to the telemedicine industry which deliver medical laboratory services. It offers proprietary software that links electronic medical records while enabling state-of-the-art conferencing and communications. The company's mobile fleet of vans is utilized to provide sales support for its clinical research organization. It also offers call centers, proprietary hardware implementations, diagnostic and clinical services, and software research and development capabilities.
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