Quick Ratio Analysis of CareCloud Inc. - Deep Dive
Latest FY Quick Ratio
Period Ending - Dec-23
Not Good Quick Ratio
0.978
Period Ending - Dec-22
Indecisive Quick Ratio
1.53
Growth
-36.11 %
Most recent Quarter Quick Ratio
Period Ending - Mar-24
Not Good Quick Ratio
1.000
Quick Ratio Analysis of CareCloud Inc.
Quick Ratio of CareCloud Inc. with value of 1.000 indicates company has highly illiquid balance sheet ro pay its obligations in latest Quarter ending on Mar-24. |
Quick Ratio of CCLDO drastically fell by -36.11 % this year. |
Quick Ratio with value of 2.73 was highest in Year Dec-19 in last Five Years. |
Quick Ratio with value of 0.978 was lowest in Year Dec-23 in last Five Years. |
Latest Quick Ratio with value of 0.978 is lower than Average Quick Ratio of 1.59 in last five years. |
Other Quick Ratio Related Info of CCLDO that may interest you.
CareCloud Inc. Overview
Code | Price | Previous Price | Price Change | Sector |
---|---|---|---|---|
CCLDO | 12.18 | 11.85 | 2.78 % | Health Information Services |
Defination of Quick Ratio
Quick assets are those assets that can be converted quickly into cash. It indicates whether the company can pay its current short-term obligations or not using its quick assets. This metric is an improved version of the current ratio. more ..Quick Ratio Related Ratios
CurrentRatio | ShortTermDebtToEquityRatio |
Tsr Stability Index
Low Stability Stock |
FY - Historical Quick Ratio of CareCloud Inc.
Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 |
---|---|---|---|---|---|---|---|
Quick Ratio | 0.978 | 1.53 | 1.19 | 1.53 | 2.73 | 3.14 | 1.91 |
Change | -36.11 % | 29.03 % | -22.52 % | -43.93 % | -13.12 % | 64.25 % |
FY Chart of Quick Ratio of CareCloud Inc.
Note : All Data Generated at the End of Trading Hours (EOD Data)