In the wake of the increase in Current Liabilities in the second quarter 2024, Quick Ratio fell to 0 a new company low.

Within Medical Equipment & Supplies industry 221 other companies have achieved higher Quick Ratio than Assure Holdings in second quarter 2024. While Quick Ratio total ranking in the second quarter 2024 has deteriorated compared to the prior quarter from 3181 to 4656.

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IONM Quick Ratio	(Jun 30 2024) Q2	(Mar 31 2024) Q1	(Dec 31 2023) Q4	(Sep 30 2023) Q3	(Jun 30 2023) Q2
Y / Y Current Liabilities Change	244.96 %	215.94 %	346.95 %	162.97 %	58.11 %
Y / Y Cash & cash equivalent Change	-98.57 %	-25.54 %	-86.41 %	-83.31 %	297.6 %
Quick Ratio MRQ	0	0.02	0.01	0.07	0.46
IONM's Total Ranking	# 4656	# 3181	# 3605	# 3774	# 1868
Seq. Current Liabilities Change	4.54 %	2.4 %	131.73 %	39.06 %	-4.25 %
Seq. Cash & cash equivalent Change	-88.03 %	205.69 %	-80.6 %	-79.87 %	523.56 %

Quick Ratio second quarter 2024 Company Ranking
Within:	No.
Medical Equipment & Supplies Industry	# 222
Healthcare Sector	# 1002
Overall Market	# 4656

Quick Ratio Statistics
High	Average	Low
1.08	0.32	0
(Dec 31 2021)		(Jun 30 2024)

Financial Statements
Assure Holdings 's Current Liabilities	$ 24 Millions	Visit IONM's Balance sheet
Assure Holdings 's Cash & cash equivalent	$ 0 Millions	Visit IONM's Balance sheet
Source of IONM's Sales		Visit IONM's Sales by Geography

Cumulative Assure Holdings 's Quick Ratio

IONM's Quick Ratio for the trailling 12 Months

IONM Quick Ratio	(Jun 30 2024) 12 Months	(Mar 31 2024) 12 Months	(Dec 31 2023) 12 Months	(Sep 30 2023) 12 Months	(Jun 30 2023) 12 Months
Y / Y Current Liabilities TTM Growth	244.92 %	204.53 %	175.06 %	85.66 %	53.97 %
Y / Y Cash & cash equivalent TTM Growth	-85.9 %	-28.63 %	-38.36 %	-49.44 %	13.07 %
Quick Ratio TTM	0.02	0.07	0.1	0.18	0.37
Total Ranking TTM	# 3718	# 2638	# 3077	# 3919	# 4061
Seq. Current Liabilities TTM Growth	27.48 %	33.88 %	60.19 %	26.16 %	12.56 %
Seq. Cash & cash equivalent TTM Growth	-72.49 %	-2.92 %	-15.06 %	-37.86 %	39.28 %

Quick ratio ranking by company, industry and sector >> Back to IONM Financial Strength Comparisons >> Go to Compare IONM Quick Ratio to its Competitors

News about Assure Holdings Corp Quick Ratio

nn Assure Holdings Extends Exchange Offer for Convertible Notes: A Strategic Move Amid Significant Financial Growth,

On August 26, 2024, Assure Holdings Corp. a prominent purveyor of intraoperative neuromonitoring services, announced the strategic extension of the expiration date for its exchange offer concerning its 9% Convertible Debentures due in 2023 and 2024. The extension now sets the expiration of the exchange offer to 11:59 PM (Denver Time) on September 6, 2024, unless further changes are made. This decision comes at a particularly dynamic time for the company as it seeks to optimize its financial positioning amidst shifting market variables.

Understanding the Exchange Offer
The exchange offer entails a proposal for current holders of Assure’s convertible debentures to trade their existing securities for new notes or other financial instruments. Such offers are often undertaken to improve a company’s balance sheet and reduce debt obligations. By extending this offer, Assure Holdings aims to provide additional flexibility to its debenture holders while potentially enhancing its capital structure.

On the trailing twelve months basis Due to rise in Current Liabilities in the Q2 2024 to $23.79 millions, cumulative Quick Ratio decreased to 0.02 below the average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Medical Equipment & Supplies industry 222 other companies have achieved higher Quick Ratio than Assure Holdings . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2024 from 2638 to 3718.

Explain Quick Ratio?
How much Cash & cash equivalents IONM�s has?
What are IONM�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Medical Equipment & Supplies Industry	# 223
Healthcare Sector	# 984
Within the Market	# 3718

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.67	0.31	0.02
(Sep 30 2022)		(Jun 30 2024)

Companies with similar Quick Ratio in the quarter ending Jun 30 2024, within Medical Equipment & Supplies Industry	Quick Ratio	Jun 30 2024 MRQ Cash & cash equivalent	Jun 30 2024 MRQ Current Liabilities
Catheter Precision Inc	0.00	$ 0.016 Millions	$ 3.318 Millions
Therapeutic Solutions International Inc	0.00	$ 0.008 Millions	$ 1.850 Millions
Vystar Corporation	0.00	$ 0.023 Millions	$ 6.705 Millions
Yunhong Green Cti Ltd	0.00	$ 0.022 Millions	$ 7.450 Millions
Arch Therapeutics Inc	0.00	$ 0.030 Millions	$ 13.958 Millions
Assure Holdings Corp	0.00	$ 0.045 Millions	$ 23.785 Millions
Northview Acquisition Corp	0.00	$ 0.006 Millions	$ 4.157 Millions
United Health Products Inc	0.00	$ 0.003 Millions	$ 2.091 Millions
Marizyme Inc	0.00	$ 0.035 Millions	$ 38.550 Millions

Date modified: 2026-08-29T17:45:28+00:00

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