Medical Information Technology Inc Quick Ratio (MITII) starting from the third quarter 2020 to third quarter 2019, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Medical Information Technology Inc   (MITII)
    Sector • Technology    Industry • Software & Programming
   Industry • Software & Programming
   Sector • Technology

Medical Information Technology Inc 's Quick Ratio

MITII's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Medical Information Technology Inc 's Cash & cash equivalent grew by 7.03 % in the Q3 2020 sequentially, faster than Current Liabilities, this led to improvement in Medical Information Technology Inc 's Quick Ratio to 5.03, above Medical Information Technology Inc average Quick Ratio.

Within Software & Programming industry 23 other companies have achieved higher Quick Ratio than Medical Information Technology Inc in third quarter 2020. While Quick Ratio total ranking in the third quarter 2020 has deteriorated compared to the prior quarter from 128 to 773.

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



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MITII Quick Ratio (Sep 30 2020)
Q3		 (Jun 30 2020)
Q2		 (Mar 31 2020)
Q1		 (Dec 31 2019)
Q4		 (Sep 30 2019)
Q3
Y / Y Current Liabilities Change -20.63 % 7.79 % -19.7 % -19.07 % 29.1 %
Y / Y Cash & cash equivalent Change -6.78 % 26.11 % 23.14 % 42.25 % 51.5 %
Quick Ratio MRQ 5.03 4.99 5.66 6.48 4.28
MITII's Total Ranking # 773 # 128 # 699 # 624 # 578
Seq. Current Liabilities Change 6.06 % 24.65 % -5.69 % -36.33 % 44.03 %
Seq. Cash & cash equivalent Change 7.03 % 9.91 % -17.71 % -3.71 % 44.8 %



Quick Ratio third quarter 2020 Company Ranking
Within: No.
Software & Programming Industry # 24
Technology Sector # 82
Overall Market # 773


Quick Ratio Statistics
High Average Low
7.27 4.69 3.65
(Mar 31 2016)   (Jun 30 2018)




Financial Statements
Medical Information Technology Inc 's Current Liabilities $ 84 Millions Visit MITII's Balance sheet
Medical Information Technology Inc 's Cash & cash equivalent $ 423 Millions Visit MITII's Balance sheet
Source of MITII's Sales Visit MITII's Sales by Geography


Cumulative Medical Information Technology Inc 's Quick Ratio

MITII's Quick Ratio for the trailling 12 Months

MITII Quick Ratio

 (Sep 30 2020)
12 Months		 (Jun 30 2020)
12 Months		 (Mar 31 2020)
12 Months		 (Dec 31 2019)
12 Months		 (Sep 30 2019)
12 Months
Y / Y Current Liabilities TTM Growth -13.92 % -0.59 % -2.62 % 0.55 % 4.12 %
Y / Y Cash & cash equivalent TTM Growth 18.18 % 35.76 % 31.12 % 22.19 % 9.37 %
Quick Ratio TTM 5.49 5.2 5.04 4.59 4
Total Ranking TTM # 4171 # 4190 # 408 # 20 # 292
Seq. Current Liabilities TTM Growth -6.91 % 1.85 % -4.78 % -4.65 % 7.51 %
Seq. Cash & cash equivalent TTM Growth -1.87 % 5.23 % 4.52 % 9.5 % 12.73 %

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

On the trailing twelve months basis Current Liabilities decreased faster than Medical Information Technology Inc 's average Cash & cash equivalent, this led to increase in in Medical Information Technology Inc 's Quick Ratio to 5.49, above MITII average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Software & Programming industry 148 other companies have achieved higher Quick Ratio than Medical Information Technology Inc . While Quick Ratio overall ranking has improved so far to 4171, from total ranking during the twelve months ending second quarter 2020 at 4190.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Software & Programming Industry # 149
Technology Sector # 557
Within the Market # 4171


trailing twelve months Quick Ratio Statistics
High Average Low
5.74 4.61 3.74
(Mar 31 2017)   (Dec 31 2018)




Companies with similar Quick Ratio in the quarter ending Sep 30 2020, within Software & Programming Industry Quick RatioSep 30 2020 MRQ Cash & cash equivalentSep 30 2020 MRQ Current Liabilities
Golden Nugget Online Gaming inc   12.36 $ 3.612  Millions$ 0.292  Millions
Appgate Inc   11.45 $ 5.165  Millions$ 0.451  Millions
Twilio Inc   10.11 $ 3,298.704  Millions$ 326.347  Millions
Box Inc   10.09 $ 275.400  Millions$ 27.282  Millions
Bio Key International Inc  9.69 $ 18.912  Millions$ 1.952  Millions
Snowflake Inc   8.68 $ 4,754.048  Millions$ 547.659  Millions
Mmtec Inc  8.46 $ 1.926  Millions$ 0.228  Millions
Cloudflare Inc   8.02 $ 1,051.297  Millions$ 131.004  Millions
Everbridge Inc   7.45 $ 468.908  Millions$ 62.922  Millions
Fastly Inc   7.11 $ 472.357  Millions$ 66.447  Millions
Activision Blizzard inc   6.87 $ 7,415.000  Millions$ 1,079.000  Millions
Datadog Inc   5.87 $ 1,494.784  Millions$ 254.650  Millions
Jfrog Ltd   5.83 $ 578.036  Millions$ 99.117  Millions
Skillsoft Corp   5.48 $ 1.745  Millions$ 0.318  Millions
Intellicheck Inc   5.48 $ 12.812  Millions$ 2.340  Millions
Duck Creek Technologies Inc   5.36 $ 389.878  Millions$ 72.800  Millions
Intuit Inc   5.30 $ 5,793.000  Millions$ 1,094.000  Millions
Bandwidth Inc   5.19 $ 300.179  Millions$ 57.841  Millions
Pdf Solutions Inc  5.12 $ 168.369  Millions$ 32.876  Millions
Medical Information Technology Inc   5.03 $ 422.601  Millions$ 83.982  Millions
Alteryx Inc   5.00 $ 723.211  Millions$ 144.653  Millions
Varonis Systems Inc   4.84 $ 325.570  Millions$ 67.250  Millions
Oracle Corporation  4.76 $ 42,279.000  Millions$ 8,873.000  Millions
Guidewire Software Inc   4.61 $ 856.376  Millions$ 185.623  Millions
Avepoint Inc   4.59 $ 0.469  Millions$ 0.102  Millions
Ncino Inc   4.40 $ 378.584  Millions$ 86.056  Millions
Unity Software Inc   4.29 $ 1,759.415  Millions$ 409.813  Millions
Corecard Corporation  4.08 $ 34.391  Millions$ 8.437  Millions
My Size Inc   4.05 $ 3.786  Millions$ 0.934  Millions
Cyberark Software Ltd   3.86 $ 952.991  Millions$ 247.013  Millions

Date modified: 2026-09-18T13:11:04+00:00



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