Quick Ratio
Higher than 27% of Healthcare sector peers
Updated 396h ago
Sector Performance
27th percentileCCLD
0.79x
Sector Median
1.08x
Sector Avg
2.19x
Deep Analysis
CareCloud's quick ratio of 0.79x means the company has only $0.79 of liquid assets (cash, marketable securities, receivables) for every $1 of short-term liabilities, indicating a below‑average ability to cover urgent debts.
This sits well below the healthcare sector median of 1.20x, placing CareCloud in the 27th percentile among its peers. Trend information is limited: the year‑over‑year change is not available, but the metric fell 17.7% from 0.96x in the prior quarter, a sharp quarter‑over‑quarter decline. The combination of a low level relative to the sector and a worsening short‑term trend raises near‑term liquidity risk, as the company currently lacks sufficient quick assets to fully cover current liabilities. Despite this risk, the metric does not contradict the overall BULLISH verdict because liquidity alone does not capture the company’s broader growth or profitability drivers that support the positive outlook.
Frequently Asked Questions
What does the Quick Ratio tell investors about CCLD?
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
How is the Quick Ratio calculated?
Quick Ratio is calculated as: (Cash + Receivables) / Current Liabilities.
How does CCLD's Quick Ratio compare to its sector?
CCLD's Quick Ratio of 0.79x compares to a Healthcare sector median of 1.08x, placing it in the 27th percentile.
Who are CCLD's closest peers by Quick Ratio?
The closest Healthcare peers by Quick Ratio include: BAX (1.01x), RVTY (1.25x), BMY (0.91x), TMO (0.85x), ZBH (0.75x).
The Formula
(Cash + Receivables) / Current Liabilities
Why It Matters
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
Master CCLD's Valuation
Get the complete institutional research report covering all fundamental and technical metrics.
View full CCLD research report →CCLD
0.79x
Sector Median
1.08x
Sector Avg
2.19x
How CCLD's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.