Docmode Health TechnologiesNSE:DHTL 14 Quick Ratio is 0.47 as of Mar. 2025. GuruFocus rates NSE:DHTL with a GF Score™ of 14/100. Among 680 Healthcare Providers & Services companies, Docmode Health Technologies ranks worse than 87.79% on this metric.
Docmode Health Technologies has a quick ratio of 0.47. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Docmode Health Technologies's Quick Ratio or its related term are showing as below:
NSE:DHTL's Quick Ratio is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 1.32 * Ranked among companies with meaningful Quick Ratio only.
Docmode Health Technologies (NSE:DHTL) 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.
Docmode Health Technologies Quick Ratio Related Terms
Docmode Health Technologies 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.
NSE:DHTL vs VEEV, BTSG, TEM: Quick Ratio Comparison
For the Health Information Services subindustry, Docmode Health Technologies'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.
Docmode Health Technologies Quick Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Docmode Health Technologies's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Docmode Health Technologies's Quick Ratio falls into.
Docmode Health Technologies 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.
Docmode Health Technologies (NSE:DHTL) has a Quick Ratio of 0.47 as of Mar. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Docmode Health Technologies and its competitors. According to the industry distribution chart, Docmode Health Technologies ranks #597 out of 680 companies in the Healthcare Providers & Services industry, placing it in the top 87.8%.
Is Docmode Health Technologies' Quick Ratio too high?
Docmode Health Technologies' current Quick Ratio is 0.47. The Healthcare Providers & Services industry median Quick Ratio is 1.32. Docmode Health Technologies' value of 0.47 is 64.4% below this industry median. Based on the distribution chart, Docmode Health Technologies ranks #597 out of 680 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Docmode Health Technologies has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Docmode Health Technologies' Quick Ratio compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, Docmode Health Technologies ranks #597 out of 680 companies for Quick Ratio. This places Docmode Health Technologies in the lower half of its industry. The industry median Quick Ratio is 1.32. Docmode Health Technologies' value of 0.47 is 64.4% 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 1.32, based on 680 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. Docmode Health Technologies's current Quick Ratio of 0.47 is 64.4% 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 Docmode Health Technologies 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. Docmode Health Technologies's current Quick Ratio is 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Docmode Health Technologies stock overvalued right now?
Docmode Health Technologies (NSE:DHTL) has a current Quick Ratio of 0.47. The current Quick Ratio is 0.47 and 64.4% below the Healthcare Providers & Services industry median of 1.32. Docmode Health Technologies' overall GF Score™ is 14/100. 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 Docmode Health Technologies (NSE:DHTL), the current Quick Ratio is 0.47 as of Mar. 2025. 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.
Docmode Health Technologies Ltd is engaged in the business of providing comprehensive & interactive learning programs for healthcare professionals through e-Learning measures and providing online CME (continuous medical education) Certification Courses and designing & conducting surveys, quizzes, questionnaires, etc. for collecting data insights related to the healthcare industry Its business segment is engaged in providing vocational training, DocMode is a platform that provides authoritative, comprehensive, and interactive learning programs for Health Professionals - Doctors, Nurses, Allied and Medical Students - across the world. The company has a new segments namely publishing of Medical books, trading of medical books and journals, conducting customised and inhouse events.
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