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. Vivos's quick ratio for the quarter that ended in Dec. 2023 was 6.57.
Vivos has a quick ratio of 6.57. It generally indicates good short-term financial strength.
The historical rank and industry rank for Vivos's Quick Ratio or its related term are showing as below:
RDGL'
s Quick Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.54 Max: 21.26
Current: 6.57
During the past 13 years, Vivos's highest Quick Ratio was 21.26. The lowest was 0.01. And the median was 0.54.
RDGL's Quick Ratio is ranked better than 83.83% of 866
companies
in the Medical Devices & Instruments industry
Industry Median: 2.04
vs RDGL: 6.57
Vivos Quick Ratio Historical Data
The historical data trend for Vivos'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.
For the Medical Devices subindustry, Vivos'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.
Vivos's Quick Ratio Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Vivos's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Vivos's Quick Ratio falls into.
Vivos 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.
Vivos's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Vivos (OTCPK:RDGL) 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.
Vivos Quick Ratio Related Terms
Thank you for viewing the detailed overview of Vivos's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Vivos Inc is a radiation oncology medical device company. It is engaged in the development of RadioGel which is a brachytherapy device comprising highly insoluble particles delivered by needle injection using a water-polymer composite for high-dose treatment of non-resectable solid tumors. IsoPet is another product of the company used for the treatment of solid tumors in animals. The company derives revenue through sales of its products.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
RDGL has been successfully added to your 