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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. Doximity's quick ratio for the quarter that ended in Dec. 2023 was 8.03.
Doximity has a quick ratio of 8.03. It generally indicates good short-term financial strength.
The historical rank and industry rank for Doximity's Quick Ratio or its related term are showing as below:
During the past 5 years, Doximity's highest Quick Ratio was 9.36. The lowest was 2.05. And the median was 7.46.
The historical data trend for Doximity'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.
Doximity Annual Data | |||||||||||
Trend | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | ||||||
Quick Ratio | - | 2.21 | 2.05 | 8.12 | 6.99 |
Doximity Quarterly Data | |||||||||||||||||
Mar19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Quick Ratio | Get a 7-Day Free Trial | 8.49 | 6.99 | 7.46 | 7.00 | 8.03 |
For the Health Information Services subindustry, Doximity'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.
For the Healthcare Providers & Services industry and Healthcare sector, Doximity's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Doximity's Quick Ratio falls into.
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.
Doximity's Quick Ratio for the fiscal year that ended in Mar. 2023 is calculated as
Quick Ratio (A: Mar. 2023 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (975.453 | - | 0) | / | 139.507 | |
= | 6.99 |
Doximity's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as
Quick Ratio (Q: Dec. 2023 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (840.899 | - | 0) | / | 104.762 | |
= | 8.03 |
* 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.
Doximity (NYSE:DOCS) 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.
Thank you for viewing the detailed overview of Doximity's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Kira Scherer Wampler | director | C/O DOXIMITY, INC., 500 3RD STREET, SUITE 510, SAN FRANCISCO CA 94107 |
Craig Overpeck | officer: See Remarks | C/O DOXIMITY, INC., 500 THIRD STREET, SUITE 510, SAN FRANCISCO CA 94107 |
Timothy S Cabral | director | C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588 |
Anna Bryson | officer: Chief Financial Officer | C/O DOXIMITY, INC., 500 3RD STREET SUITE 510, SAN FRANCISCO CA 94107 |
Yang Watkin Phoebe L. | director | C/O DOXIMITY, INC., 500 THIRD STREET, SAN FRANCISCO CA 94107 |
Jeffrey Tangney | director, 10 percent owner, officer: Chief Executive Officer | C/O DOXIMITY, INC., 500 3RD STREET SUITE 510, SAN FRANCISCO CA 94107 |
Paul W. Jorgensen | officer: Chief Revenue Officer | 500 THIRD STREET, SUITE 510, SAN FRANCISCO CA 94107 |
Gilbert H Kliman | director, 10 percent owner | C/O INTERWEST PARTNERS, 467 FIRST STREET SUITE 201, LOS ALTOS CA 94022 |
Emergence Capital Partners Ii Lp | 10 percent owner | 160 BOVET ROAD, SAN MATEO CA 94402 |
Emergence Equity Partners Ii, L.p. | 10 percent owner | 160 BOVET ROAD, SUITE 300, SAN MATEO CA 94402 |
Emergence Gp Partners, Llc | 10 percent owner | PIER 5, THE EMBARCADERO, STE 102, SAN FRANCISCO CA 94111-2094 |
Kevin Spain | director | C/O EMERGENCE CAPITAL, 160 BOVET ROAD, STE. 300, SAN MATEO CA 94402 |
Emergence Capital Opportunity I, L.p. | 10 percent owner | 160 BOVET ROAD, SUITE 300, SAN MATEO CA 94402 |
Emergence Equity Partners Vi, L.p. | 10 percent owner | C/O EMERGENCE CAPITAL PARTNERS, 160 BOVET ROAD, SUITE 300 CA SAN MATEO |
Regina M. Benjamin | director | 51 SAWYER ROAD, SUITE 200, WALTHAM MA 02453 |
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