In the wake of the increase in Current Liabilities in the fourth quarter 2023, Quick Ratio fell to 0.39 below Medicine Man Technologies Inc average.

Within Consulting Services industry 9 other companies have achieved higher Quick Ratio than Medicine Man Technologies Inc in fourth quarter 2023. While Quick Ratio total ranking has improved so far during the Q4 2023 to 2229, from total ranking in the third quarter 2023 at 3376.

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MDCL Quick Ratio	(Dec 31 2023) Q4	(Sep 30 2023) Q3	(Jun 30 2023) Q2	(Mar 31 2023) Q1	(Dec 31 2022) Q4
Y / Y Current Liabilities Change	14.16 %	86.31 %	84.74 %	-45.47 %	-2.21 %
Y / Y Cash & cash equivalent Change	-49.99 %	-48.74 %	-39.97 %	-25.3 %	-63.31 %
Quick Ratio MRQ	0.39	0.4	0.44	0.93	0.89
MDCL's Total Ranking	# 2229	# 3376	# 1456	# 1950	#
Seq. Current Liabilities Change	0.27 %	10.17 %	19.36 %	-13.42 %	63.64 %
Seq. Cash & cash equivalent Change	-1.87 %	-1.22 %	-42.93 %	-9.6 %	0.58 %

Quick Ratio fourth quarter 2023 Company Ranking
Within:	No.
Consulting Services Industry	# 10
Services Sector	# 263
Overall Market	# 2229

Quick Ratio Statistics
High	Average	Low
10.97	2.32	0.28
(Jun 30 2018)		(Dec 31 2018)

Financial Statements
Medicine Man Technologies Inc 's Current Liabilities	$ 51 Millions	Visit MDCL's Balance sheet
Medicine Man Technologies Inc 's Cash & cash equivalent	$ 20 Millions	Visit MDCL's Balance sheet
Source of MDCL's Sales		Visit MDCL's Sales by Geography

Cumulative Medicine Man Technologies Inc 's Quick Ratio

MDCL's Quick Ratio for the trailling 12 Months

MDCL Quick Ratio	(Dec 31 2023) 12 Months	(Sep 30 2023) 12 Months	(Jun 30 2023) 12 Months	(Mar 31 2023) 12 Months	(Dec 31 2022) 12 Months
Y / Y Current Liabilities TTM Growth	11.21 %	6.8 %	0.74 %	-5.73 %	94.75 %
Y / Y Cash & cash equivalent TTM Growth	-40.21 %	-49.4 %	-35.98 %	-24.99 %	-7.26 %
Quick Ratio TTM	0.52	0.65	0.87	1.1	0.96
Total Ranking TTM	# 3992	# 2494	# 3978	# 1650	#
Seq. Current Liabilities TTM Growth	3.51 %	15.03 %	15.61 %	-19.21 %	-0.6 %
Seq. Cash & cash equivalent TTM Growth	-17.06 %	-14.19 %	-9.14 %	-7.53 %	-29.81 %

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

On the trailing twelve months basis Due to rise in Current Liabilities in the Q4 2023 to $50.53 millions, cumulative Quick Ratio decreased to 0.52 below the Medicine Man Technologies Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Consulting Services industry 29 other companies have achieved higher Quick Ratio than Medicine Man Technologies Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 2494 to 3992.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the Consulting Services Industry	# 30
Services Sector	# 563
Within the Market	# 3992

trailing twelve months Quick Ratio Statistics
High	Average	Low
1.65	1.04	0.59
(Sep 30 2019)		(Dec 31 2023)

Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Consulting Services Industry	Quick Ratio	Dec 31 2023 MRQ Cash & cash equivalent	Dec 31 2023 MRQ Current Liabilities
Mastech Digital Inc	1.06	$ 21.147 Millions	$ 19.871 Millions
Wilhelmina International Inc	1.03	$ 12.713 Millions	$ 12.330 Millions
Greenpro Capital Corp	0.97	$ 2.223 Millions	$ 2.288 Millions
Ryvyl Inc	0.85	$ 73.318 Millions	$ 86.070 Millions
Tss Inc	0.64	$ 11.831 Millions	$ 18.420 Millions
Information Services Group Inc	0.59	$ 22.636 Millions	$ 38.504 Millions
Genpact Limited	0.47	$ 583.670 Millions	$ 1,248.397 Millions
Elvictor Group Inc	0.43	$ 0.699 Millions	$ 1.622 Millions
Hackett Group Inc	0.42	$ 20.957 Millions	$ 49.888 Millions
Medicine Man Technologies inc	0.39	$ 19.705 Millions	$ 50.534 Millions
Ashford Inc	0.38	$ 52.054 Millions	$ 135.404 Millions
Fti Consulting Inc	0.37	$ 303.222 Millions	$ 824.832 Millions
Atif Holdings Ltd	0.32	$ 0.263 Millions	$ 0.814 Millions
Cgi Inc	0.28	$ 857.947 Millions	$ 3,101.089 Millions
Aeries Technology Inc	0.27	$ 6.543 Millions	$ 24.001 Millions
Nordicus Partners Corporation	0.26	$ 0.007 Millions	$ 0.027 Millions
Castellum Inc	0.23	$ 1.831 Millions	$ 7.977 Millions
Booz Allen Hamilton Holding Corporation	0.22	$ 404.862 Millions	$ 1,845.816 Millions
Onterris Inc	0.21	$ 23.240 Millions	$ 112.368 Millions
Bowman Consulting Group Ltd	0.16	$ 20.687 Millions	$ 126.756 Millions
Americann Inc	0.15	$ 0.808 Millions	$ 5.223 Millions
1847 Holdings Llc	0.14	$ 5.749 Millions	$ 40.176 Millions
Hapi Metaverse Inc	0.10	$ 0.746 Millions	$ 7.683 Millions
Collective Audience Inc	0.09	$ 0.612 Millions	$ 6.707 Millions
GenFlat Holdings, Inc.	0.08	$ 0.014 Millions	$ 0.173 Millions

Date modified: 2026-09-08T15:11:13+00:00

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