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Zynex, Inc., together with its subsidiaries, designs, manufactures, and markets medical devices to treat chronic and acute pain, and activate and exercise muscles for rehabilitative purposes with elec...
The following section summarizes insights on Zynex Inc's Quick Ratio:
We've identified the following companies as similar to Zynex Inc because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Quick Ratio in the risk category include:
A ratio used to assess a company's short-term liquidity.
Quick Ratio or acid-test or liquidity ratio measures the ability of a company to use its near cash or quick assets to extinguish or retire its current liabilities immediately. Quick Ratio is defined as:
(Cash & ST Investments
(+) Accounts Receivable)
(/) Current Liabilities
(=) Quick Ratio
Quick Ratio for Zynex is calculated as follows:
(Cash & ST Investments [ 39.631 M ]
(+) Accounts Receivable [ 18.022 M ]
(/) Current Liabilities [ 16.864 M ]
(=) Quick Ratio [ 3.4x ]
The tables below summarizes the trend in Zynex’s quick ratio over the last five years:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2020-12-31 | 39.173 M | 13.837 M | 10.117 M | 5.2x |
| 2021-12-31 | 42.612 M | 28.632 M | 22.871 M | 3.1x |
| 2022-12-31 | 20.144 M | 35.063 M | 21.086 M | 2.6x |
| 2023-12-31 | 44.579 M | 26.838 M | 18.532 M | 3.9x |
| 2024-12-31 | 39.631 M | 18.022 M | 16.864 M | 3.4x |
The tables below summarizes the trend in Zynex’s quick ratio over the last four quarters:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2024-03-31 | 32.861 M | 25.439 M | 21.755 M | 2.7x |
| 2024-06-30 | 30.896 M | 23.594 M | 18.238 M | 3.0x |
| 2024-09-30 | 37.63 M | 21.623 M | 19.868 M | 3.0x |
| 2024-12-31 | 39.631 M | 18.022 M | 16.864 M | 3.4x |
Read more on Wikipedia: Quick Ratio
The chart above depicts the distribution of quick ratio for companies operating in the Healthcare sector in the Developed economic region. Over 2,460 companies were considered in this analysis, and 2,363 had meaningful values. The average quick ratio of companies in the sector is 3.2x with a standard deviation of 4.1x.
Zynex Inc's Quick Ratio of 3.4x ranks in the 71.6% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 2,461 |
| Included Constituents | 2,363 |
| Min | 0.0x |
| Max | 23.7x |
| Median | 1.5x |
| Mean | 3.2x |
| Standard Deviation | 4.1x |
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