Rayont Inc 's Cash & cash equivalent grew by 311.56 % in the Q3 2023 sequentially, faster than Current Liabilities, this led to improvement in Rayont Inc 's Quick Ratio to 0.01, Quick Ratio remained below Rayont Inc average.

Within Healthcare Facilities industry 53 other companies have achieved higher Quick Ratio than Rayont Inc in third quarter 2023. While Quick Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 4615 to 5551.

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RAYT Quick Ratio	(Mar 31 2023) Q3	(Dec 31 2022) Q2	(Sep 30 2022) Q1	(Jun 30 2022) Q4	(Mar 31 2022) Q3
Y / Y Current Liabilities Change	-12.17 %	-10.77 %	-31.33 %	47.43 %	203.03 %
Y / Y Cash & cash equivalent Change	15.84 %	28.03 %	-65.76 %	-23.73 %	-52.34 %
Quick Ratio MRQ	0.01	0	0.01	0.05	0.01
RAYT's Total Ranking	# 5551	# 4615	# 5555	# 4895	# 5584
Seq. Current Liabilities Change	2.05 %	46.92 %	-47.06 %	10.66 %	3.68 %
Seq. Cash & cash equivalent Change	311.56 %	-63.17 %	-84.43 %	390.9 %	354.87 %

Quick Ratio third quarter 2023 Company Ranking
Within:	No.
Healthcare Facilities Industry	# 54
Healthcare Sector	# 1219
Overall Market	# 5551

Quick Ratio Statistics
High	Average	Low
38.17	2.17	0
(Dec 31 2013)		(Sep 30 2018)

Financial Statements
Rayont Inc 's Current Liabilities	$ 3 Millions	Visit RAYT's Balance sheet
Rayont Inc 's Cash & cash equivalent	$ 0 Millions	Visit RAYT's Balance sheet
Source of RAYT's Sales		Visit RAYT's Sales by Geography

Cumulative Rayont Inc 's Quick Ratio

RAYT's Quick Ratio for the trailling 12 Months

RAYT Quick Ratio	(Mar 31 2023) 12 Months	(Dec 31 2022) 12 Months	(Sep 30 2022) 12 Months	(Jun 30 2022) 12 Months	(Mar 31 2022) 12 Months
Y / Y Current Liabilities TTM Growth	-3.83 %	22.59 %	74.11 %	104.81 %	188.51 %
Y / Y Cash & cash equivalent TTM Growth	-28.07 %	-36.7 %	-52.72 %	-32.7 %	59.3 %
Quick Ratio TTM	0.02	0.02	0.02	0.02	0.03
Total Ranking TTM	# 4666	# 2028	# 3968	# 4666	# 4118
Seq. Current Liabilities TTM Growth	-3.43 %	-2.84 %	-6.81 %	9.98 %	23.12 %
Seq. Cash & cash equivalent TTM Growth	2.28 %	0.89 %	-17.55 %	-15.45 %	-10 %

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

On the trailing twelve months basis In spite of the year on year decrease in RAYT's Current Liabilities to $3.07 millions, cumulative Quick Ratio to 0.02 below the RAYT average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Healthcare Facilities industry 52 other companies have achieved higher Quick Ratio than Rayont Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2022 from 2028 to 4666.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the Healthcare Facilities Industry	# 53
Healthcare Sector	# 1196
Within the Market	# 4666

trailing twelve months Quick Ratio Statistics
High	Average	Low
2.75	0.26	0.01
(Sep 30 2017)		(Sep 30 2020)

Companies with similar Quick Ratio in the quarter ending Mar 31 2023, within Healthcare Facilities Industry	Quick Ratio	Mar 31 2023 MRQ Cash & cash equivalent	Mar 31 2023 MRQ Current Liabilities
Biocorrx Inc	0.04	$ 0.204 Millions	$ 5.715 Millions
Ethema Health Corporation	0.03	$ 0.478 Millions	$ 14.068 Millions
AnTix Holdings, Inc.	0.03	$ 0.194 Millions	$ 5.715 Millions
Cardiff Lexington Corporation	0.03	$ 0.350 Millions	$ 10.545 Millions
Concord Medical Services Holdings Ltd	0.03	$ 8.189 Millions	$ 268.299 Millions
Healthlynked Corp	0.02	$ 0.069 Millions	$ 3.307 Millions
Rayont Inc	0.01	$ 0.044 Millions	$ 3.069 Millions
Edgemode Inc	0.01	$ 0.014 Millions	$ 2.424 Millions
Rennova Health Inc	0.01	$ 0.251 Millions	$ 48.546 Millions

Date modified: 2026-09-08T15:10:57+00:00

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