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Unihealth Hospitals (NSE:UNIHEALTH) Quick Ratio : 5.68 (As of Mar. 2024)


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What is Unihealth Hospitals Quick Ratio?

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. Unihealth Hospitals's quick ratio for the quarter that ended in Mar. 2024 was 5.68.

Unihealth Hospitals has a quick ratio of 5.68. It generally indicates good short-term financial strength.

The historical rank and industry rank for Unihealth Hospitals's Quick Ratio or its related term are showing as below:

NSE:UNIHEALTH' s Quick Ratio Range Over the Past 10 Years
Min: 1.11   Med: 1.71   Max: 5.68
Current: 5.68

During the past 5 years, Unihealth Hospitals's highest Quick Ratio was 5.68. The lowest was 1.11. And the median was 1.71.

NSE:UNIHEALTH's Quick Ratio is ranked better than
92.5% of 680 companies
in the Healthcare Providers & Services industry
Industry Median: 1.24 vs NSE:UNIHEALTH: 5.68

Unihealth Hospitals Quick Ratio Historical Data

The historical data trend for Unihealth Hospitals'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.

* Premium members only.

Unihealth Hospitals Quick Ratio Chart

Unihealth Hospitals Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Quick Ratio
1.11 1.71 1.71 2.17 5.68

Unihealth Hospitals Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Mar24
Quick Ratio 1.11 1.71 1.71 2.17 5.68

Competitive Comparison of Unihealth Hospitals's Quick Ratio

For the Medical Care Facilities subindustry, Unihealth Hospitals'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.


Unihealth Hospitals's Quick Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Unihealth Hospitals's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Unihealth Hospitals's Quick Ratio falls into.



Unihealth Hospitals 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.

Unihealth Hospitals's Quick Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Quick Ratio (A: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(669.763-20.831)/114.159
=5.68

Unihealth Hospitals's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as

Quick Ratio (Q: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(669.763-20.831)/114.159
=5.68

* 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.


Unihealth Hospitals  (NSE:UNIHEALTH) 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.


Unihealth Hospitals Quick Ratio Related Terms

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Unihealth Hospitals Business Description

Traded in Other Exchanges
N/A
Address
156 Tardeo Road, H-13 and H-14, Everest Building, Tardeo, Mumbai, MH, IND, 400034
Unihealth Consultancy Ltd is a healthcare service provider based out of India and has an operational presence in multiple countries across the African continent. The company is predominantly engaged in the business of medical tour operator, health consultancy services, and also trades medical equipment. Under the brand UMC Hospitals, the company operates healthcare facilities and also provides consultancy services for healthcare projects. It operates across multiple business segments, including hospitals and medical centers which derives key revenue, healthcare consultancy, pharmaceutical and medical consumables distribution, and medical value travel. Geographically, the company generates key revenue from Uganda and the rest from India, Tanzania, United Arab Emirates, and Nigeria.

Unihealth Hospitals Headlines

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