Reliq Health Technologies (Reliq Health Technologies) Quick Ratio

: 1.66 (As of Sep. 2022)

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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. Reliq Health Technologies's quick ratio for the quarter that ended in Sep. 2022 was 1.66.

Reliq Health Technologies has a quick ratio of 1.66. It generally indicates good short-term financial strength.

The historical rank and industry rank for Reliq Health Technologies's Quick Ratio or its related term are showing as below:

RQHTF's Quick Ratio is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 1.205
* Ranked among companies with meaningful Quick Ratio only.

Reliq Health Technologies Quick Ratio Historical Data

The historical data trend for Reliq Health Technologies'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.

Reliq Health Technologies Annual Data

Trend

Dec13

Dec14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Quick Ratio

23.26

1.22

0.89

1.18

1.80

Reliq Health Technologies Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Quick Ratio																3.38	7.04	4.54	1.80	1.66

Competitive Comparison

For the Health Information Services subindustry, Reliq 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.

Reliq Health Technologies Quick Ratio Distribution

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

* The bar in red indicates where Reliq Health Technologies's Quick Ratio falls into.

Reliq 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.

Reliq Health Technologies's Quick Ratio for the fiscal year that ended in Jun. 2022 is calculated as

Quick Ratio (A: Jun. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(5.443	-	0.212)	/	2.899
	=	1.80

Reliq Health Technologies's Quick Ratio for the quarter that ended in Sep. 2022 is calculated as

Quick Ratio (Q: Sep. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(7.538	-	0.245)	/	4.382
	=	1.66

Reliq Health Technologies (OTCPK:RQHTF) 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.

Reliq Health Technologies Quick Ratio Related Terms

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Reliq Health Technologies (Reliq Health Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Reliq Health Technologies Inc (OTCPK:RQHTF) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

175 Longwood Rd S., Suite 406A, Hamilton, ON, CAN, L8P 0A1

Website

https://www.reliqhealth.com

Reliq Health Technologies Inc specializes in developing Software-as-a-Service (SaaS) solutions for remote patient monitoring, telemedicine, and care collaboration. Reliq's IUGO health technology platform is a hardware and software solution that allows complex patients to receive high-quality care in the home, improving health outcomes, enhancing the quality of life for patients and families and reducing the cost of care delivery. The firm earns through the supply of mobile device management (MDM) solutions for mobile devices and subscriptions of the iUGO CARE platform to healthcare client. The firm is based in Canada.