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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. XWELL's current ratio for the quarter that ended in Dec. 2023 was 2.85.
XWELL has a current ratio of 2.85. It generally indicates good short-term financial strength.
The historical rank and industry rank for XWELL's Current Ratio or its related term are showing as below:
During the past 13 years, XWELL's highest Current Ratio was 6.81. The lowest was 0.24. And the median was 2.97.
The historical data trend for XWELL's Current 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.
XWELL Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 0.24 | 6.81 | 5.50 | 4.32 | 2.85 |
XWELL Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Current Ratio | Get a 7-Day Free Trial | 4.32 | 4.41 | 3.90 | 3.67 | 2.85 |
For the Diagnostics & Research subindustry, XWELL's Current Ratio, along with its competitors' market caps and Current 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.
For the Medical Diagnostics & Research industry and Healthcare sector, XWELL's Current Ratio distribution charts can be found below:
* The bar in red indicates where XWELL's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
XWELL's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Current Ratio (A: Dec. 2023 ) | = | Total Current Assets (A: Dec. 2023 ) | / | Total Current Liabilities (A: Dec. 2023 ) |
= | 26.566 | / | 9.33 | |
= | 2.85 |
XWELL's Current Ratio for the quarter that ended in Dec. 2023 is calculated as
Current Ratio (Q: Dec. 2023 ) | = | Total Current Assets (Q: Dec. 2023 ) | / | Total Current Liabilities (Q: Dec. 2023 ) |
= | 26.566 | / | 9.33 | |
= | 2.85 |
* 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.
XWELL (NAS:XWEL) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thank you for viewing the detailed overview of XWELL's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Suzanne A. Scrabis | officer: Chief Financial Officer | C/O XWELL, INC., 254 WEST 31ST STREET, 11TH FLOOR, NEW YORK NY 10001 |
Robert Weinstein | director | 3960 HOWARD HUGHES PARKWAY, SUITE 500, LAS VEGAS NV 89169 |
Scott R Milford | officer: Chief Executive Officer | C/O TOWN SPORTS INTERNATIONAL, LLC, 5 PENN PLAZA, NEW YORK NY 10001 |
Bruce Bernstein | director | 780 THIRD AVENUE, 12TH FLOOR, NEW YORK NY 10017 |
Ezra Ernst | officer: See Remarks | C/O XPRESSPA GROUP, INC., 254 WEST 31ST STREET, 11TH FLOOR, NEW YORK NY 10001 |
Omar Haynes | officer: VP Treas & Fi & Interim CFO | C/O XPRESSPA GROUP, INC., 254 WEST 31ST STREET, 11TH FLOOR, NEW YORK NY 10001 |
Doug Satzman | director, officer: Chief Executive Officer | 780 THIRD AVENUE, 12TH FLOOR, NEW YORK NY 10017 |
James A. Berry | officer: Chief Financial Officer | C/O XPRESSPA GROUP, INC., 254 WEST 31ST STREET, 11TH FLOOR, NEW YORK NY 10001 |
Michael Lebowitz | director | 780 THIRD AVENUE, 12TH FLOOR, C/O XPRESSPA GROUP, INC., NEW YORK NY 10017 |
Donald E. Stout | director | 780 THIRD AVENUE, 15TH FLOOR, NEW YORK NY 10017 |
Mistral Spa Holdings, Llc | 10 percent owner | C/O MISTRAL CAPITAL MANAGEMENT, LLC, 650 FIFTH AVENUE, 31ST FLOOR, NEW YORK NY 10019 |
Mistral Capital Management, Llc | 10 percent owner | 650 FIFTH AVENUE, 31ST FLOOR, NEW YORK NY 10019 |
Andrew R Heyer | other: Former director and 10% owner | 501 MADISON AVENUE, FLOOR 5, NEW YORK NY 10019 |
Calm.com, Inc. | 10 percent owner | 140 2ND STREET, THIRD FLOOR, SAN FRANCISCO CA 94105 |
Edward Jankowski | officer: SVP; CEO of XpresSpa | C/O FORM HOLDINGS CORP., 780 THIRD AVENUE, 12TH FLOOR, NEW YORK NY 10017 |
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