Quick Ratio Analysis of CareCloud Inc. (Pref- A) - 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. (Pref- A)
Quick Ratio of CareCloud Inc. (Pref- A) 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 CCLDP 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 CCLDP that may interest you.
CareCloud Inc. (Pref- A) Overview
Code | Price | Previous Price | Price Change | Sector |
---|---|---|---|---|
CCLDP | 11.37 | 11.67 | 2.57 % | 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. (Pref- A)
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. (Pref- A)
Note : All Data Generated at the End of Trading Hours (EOD Data)