GURUFOCUS.COM » STOCK LIST » Asia » Japan » TSE » JMDC Inc (TSE:4483) » Definitions » Quick Ratio
Switch to:

JMDC Quick Ratio

: 2.21 (As of Mar. 2022)
View and export this data going back to 2019. Start your Free Trial

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. JMDC's quick ratio for the quarter that ended in Mar. 2022 was 2.21.

JMDC has a quick ratio of 2.21. It generally indicates good short-term financial strength.

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

TSE:4483' s Quick Ratio Range Over the Past 10 Years
Min: 1.03   Med: 1.69   Max: 2.23
Current: 2.21

During the past 6 years, JMDC's highest Quick Ratio was 2.23. The lowest was 1.03. And the median was 1.69.

TSE:4483's Quick Ratio is ranked better than
69.9% of 671 companies
in the Healthcare Providers & Services industry
Industry Median: 1.41 vs TSE:4483: 2.21

JMDC Quick Ratio Historical Data

The historical data trend for JMDC'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.

JMDC Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Quick Ratio
Premium Member Only 1.38 1.03 2.00 2.23 2.21

JMDC Quarterly Data
Mar18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Quick Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.23 2.59 2.37 2.24 2.21

Competitive Comparison

For the Health Information Services subindustry, JMDC'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.

   

JMDC Quick Ratio Distribution

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

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



JMDC 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.

JMDC's Quick Ratio for the fiscal year that ended in Mar. 2022 is calculated as

Quick Ratio (A: Mar. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(25979-248)/11633
=2.21

JMDC's Quick Ratio for the quarter that ended in Mar. 2022 is calculated as

Quick Ratio (Q: Mar. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(25979-248)/11633
=2.21

* 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.


JMDC  (TSE:4483) 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.


JMDC Quick Ratio Related Terms

Thank you for viewing the detailed overview of JMDC's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


JMDC Business Description

JMDC logo
Traded in Other Exchanges
N/A
Address
2 Chome-2-5-5 Sumitomo Shiba, Daimon Building 12th Floor, Minato City, Shibadaimon, Tokyo, JPN, 105-0012
JMDC Inc is engaged in constructing and providing a medical database, offering PHR and other health promotion services, telemedicine such as diagnostic imaging, and providing digital solutions to dispensing pharmacies.

JMDC Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)