In the wake of the increase in Current Liabilities in the third quarter 2023, Quick Ratio fell to 0.01 a new company low.

Within Medical Equipment & Supplies industry 60 other companies have achieved higher Quick Ratio than Nemaura Medical Inc in third quarter 2023. While Quick Ratio total ranking has improved so far during the Q3 2023 to 1632, from total ranking in the second quarter 2023 at 3707.

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NMRD Quick Ratio	(Dec 31 2023) Q3	(Sep 30 2023) Q2	(Jun 30 2023) Q1	(Mar 31 2023) Q4	(Dec 31 2022) Q3
Y / Y Current Liabilities Change	76.72 %	-4.28 %	6.19 %	-14.86 %	-24.73 %
Y / Y Cash & cash equivalent Change	-98.13 %	-86.37 %	-	-43.07 %	-68.15 %
Quick Ratio MRQ	0.01	0.07	-	0.58	0.6
NMRD's Total Ranking	# 1632	# 3707	# 0	# 2306	# 1822
Seq. Current Liabilities Change	11.24 %	9.59 %	0.47 %	44.29 %	-39.75 %
Seq. Cash & cash equivalent Change	-90.03 %	-	-	37.66 %	-27.39 %

Quick Ratio third quarter 2023 Company Ranking
Within:	No.
Medical Equipment & Supplies Industry	# 61
Healthcare Sector	# 214
Overall Market	# 1632

Quick Ratio Statistics
High	Average	Low
11.2	2.38	0.01
(Dec 31 2014)		(Dec 31 2023)

Financial Statements
Nemaura Medical Inc 's Current Liabilities	$ 21 Millions	Visit NMRD's Balance sheet
Nemaura Medical Inc 's Cash & cash equivalent	$ 0 Millions	Visit NMRD's Balance sheet
Source of NMRD's Sales		Visit NMRD's Sales by Geography

Cumulative Nemaura Medical Inc 's Quick Ratio

NMRD's Quick Ratio for the trailling 12 Months

NMRD 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	9.24 %	-9.38 %	-4.36 %	0.08 %	33.1 %
Y / Y Cash & cash equivalent TTM Growth	-76.74 %	-71.33 %	-66.52 %	-57.19 %	-55.77 %
Quick Ratio TTM	0.15	0.28	0.41	0.64	0.72
Total Ranking TTM	# 4047	# 3025	# 3213	# 4100	# 3349
Seq. Current Liabilities TTM Growth	14 %	-1.28 %	1.55 %	-4.4 %	-5.43 %
Seq. Cash & cash equivalent TTM Growth	-38.27 %	-31.69 %	-34.87 %	-15.3 %	-23.92 %

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

On the trailing twelve months basis Due to increase in Current Liabilities in the Q3 2023 to $21.46 millions, cumulative Quick Ratio decreased to 0.15 below the Nemaura Medical Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Medical Equipment & Supplies industry 215 other companies have achieved higher Quick Ratio than Nemaura Medical Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2023 from 3025 to 4047.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the Medical Equipment & Supplies Industry	# 216
Healthcare Sector	# 1003
Within the Market	# 4047

trailing twelve months Quick Ratio Statistics
High	Average	Low
4.05	1.62	0.13
(Mar 31 2021)		(Dec 31 2023)

Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Medical Equipment & Supplies Industry	Quick Ratio	Dec 31 2023 MRQ Cash & cash equivalent	Dec 31 2023 MRQ Current Liabilities
Holdco Nuvo Group D g Ltd	0.02	$ 0.553 Millions	$ 31.942 Millions
Medicale Corp.	0.02	$ 0.000 Millions	$ 0.012 Millions
Vycor Medical Inc	0.02	$ 0.063 Millions	$ 4.075 Millions
Achari Ventures Holdings Corp I	0.01	$ 0.048 Millions	$ 3.249 Millions
Infusystem Holdings Inc	0.01	$ 0.231 Millions	$ 15.713 Millions
Therapeutic Solutions International Inc	0.01	$ 0.028 Millions	$ 1.900 Millions
Mountain Crest Acquisition Corp V	0.01	$ 0.016 Millions	$ 1.277 Millions
Sep Acquisition Corp	0.01	$ 0.017 Millions	$ 1.682 Millions
Blueriver Acquisition Corp	0.01	$ 0.040 Millions	$ 4.437 Millions
Marizyme Inc	0.01	$ 0.178 Millions	$ 22.643 Millions
Bellevue Life Sciences Acquisition Corp	0.01	$ 0.015 Millions	$ 1.966 Millions
Nemaura Medical Inc	0.01	$ 0.137 Millions	$ 21.461 Millions
Vystar Corporation	0.01	$ 0.035 Millions	$ 5.915 Millions
Odyssey Health Inc	0.01	$ 0.037 Millions	$ 6.612 Millions
Assure Holdings Corp	0.01	$ 0.123 Millions	$ 22.218 Millions
Sigyn Therapeutics Inc	0.00	$ 0.012 Millions	$ 3.608 Millions
Dih Holding Us Inc	0.00	$ 0.012 Millions	$ 4.568 Millions
Fonar Corporation	0.00	$ 0.033 Millions	$ 14.179 Millions
United Health Products Inc	0.00	$ 0.003 Millions	$ 1.950 Millions

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

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