TRxADE HEALTH, Inc.

TRxADE HEALTH, Inc.verified

MEDS

Price:

$7.59

Market Cap:

$13.28M

TRxADE HEALTH, Inc. operates as a health services IT company in the United States. The company focuses on digitalizing the retail pharmacy experience by optimizing drug procurement, prescription journey, and patient engagement. It operates the TRxADE drug procurement marketplace, which fosters price transparency and serves approximately 11,800 members; and offers patient centric telehealth services under the Bonum Health brand name. The company was formerly known as Trxade Group, Inc. and changed its name to TRxADE HEALTH, Inc. in June 2021. TRxADE HEALTH, Inc. is based in Land O' Lakes, Florida.[Read more]

Industry

Medical - Pharmaceuticals

IPO Date

2014-02-06

Stock Exchange

NASDAQ

Ticker

MEDS

The Current Ratio as of December 2024 (TTM) for TRxADE HEALTH, Inc. (MEDS) is 4.16

According to TRxADE HEALTH, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 4.16. This represents a change of 70.49% compared to the average of 2.44 of the last 4 quarters.

TRxADE HEALTH, Inc. (MEDS) Historical Current Ratio (quarterly & annually)

How has MEDS Current Ratio performed in the past?

The mean historical Current Ratio of TRxADE HEALTH, Inc. over the last ten years is 3.14. The current 4.16 Current Ratio has changed 13.15% with respect to the historical average. Over the past ten years (40 quarters), MEDS's Current Ratio was at its highest in in the September 2020 quarter at 19.90. The Current Ratio was at its lowest in in the December 2016 quarter at 0.23.

Quarterly (TTM)
Annual

Average

3.14

Median

1.82

Minimum

0.23

Maximum

10.95

TRxADE HEALTH, Inc. (MEDS) Current Ratio by Quarter and Year

Discovering the peaks and valleys of TRxADE HEALTH, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 405.78%

Maximum Annual Current Ratio = 10.95

Minimum Annual Increase = -88.14%

Minimum Annual Current Ratio = 0.23

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.24-75.57%
20220.98-79.36%
20214.72-56.86%
202010.9549.94%
20197.30328.51%
20181.7047.37%
20171.16405.78%
20160.23-88.14%
20151.93-12.43%
20142.2051.98%

TRxADE HEALTH, Inc. (MEDS) Average Current Ratio

How has MEDS Current Ratio performed in the past?

The current Current Ratio of TRxADE HEALTH, Inc. (MEDS) is greater than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

1.98

5-year avg

4.84

10-year avg

3.14

TRxADE HEALTH, Inc. (MEDS) Current Ratio vs. Peers

How is MEDS’s Current Ratio compared to its peers?

TRxADE HEALTH, Inc.’s Current Ratio is greater than Allstar Health Brands, Inc. (0.00), greater than HealthWarehouse.com, Inc. (0.49), greater than SunLink Health Systems, Inc. (4.06), greater than BIMI International Medical Inc. (1.21), greater than Leafly Holdings, Inc. (0.49), greater than Nova Cannabis Inc. (1.96), greater than Kiaro Holdings Corp. (1.23), less than GABY Inc. (0), greater than Leafly Holdings, Inc. (0), greater than null (0.49),

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