Nexalin Technology, Inc.

Nexalin Technology, Inc.verified

NXL

Price:

$2.7201

Market Cap:

$28.80M

Nexalin Technology, Inc., a medical device company, designs and develops neurostimulation products for the treatment of mental health in the United States and China. It licenses and markets Nexalin Device, a non-invasive and drug-free therapy for the treatment of anxiety and insomnia. The company's Nexalin device emits a patented frequency-based waveform, which stimulates a positive response from the mid-brain structures associated with various mental health disorders. It also engages in the development of Generation 2, a medical device that is in clinical trials for the treatment of substance abuse issues related to opiates, chronic pain, Alzheimer's disease, and dementia. The company was i...[Read more]

Industry

Medical - Devices

IPO Date

2022-09-16

Stock Exchange

NASDAQ

Ticker

NXL

The Current Ratio as of November 2024 (TTM) for Nexalin Technology, Inc. (NXL) is 5.57

According to Nexalin Technology, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 5.57. This represents a change of 0.18% compared to the average of 5.56 of the last 4 quarters.

Nexalin Technology, Inc. (NXL) Historical Current Ratio (quarterly & annually)

How has NXL Current Ratio performed in the past?

The mean historical Current Ratio of Nexalin Technology, Inc. over the last ten years is 2.47. The current 5.57 Current Ratio has changed 22.42% with respect to the historical average. Over the past ten years (40 quarters), NXL's Current Ratio was at its highest in in the December 2023 quarter at 8.07. The Current Ratio was at its lowest in in the March 2020 quarter at 0.

Quarterly (TTM)
Annual

Average

2.47

Median

0.32

Minimum

0.07

Maximum

8.07

Nexalin Technology, Inc. (NXL) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Nexalin Technology, 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 = 1.10%

Maximum Annual Current Ratio = 8.07

Minimum Annual Increase = -30.06%

Minimum Annual Current Ratio = 0.07

Quarterly (TTM)
Annual
YearCurrent RatioChange
20238.07111.68%
20223.811.10%
20210.32326.78%
20200.07-30.06%

Nexalin Technology, Inc. (NXL) Average Current Ratio

How has NXL Current Ratio performed in the past?

The current Current Ratio of Nexalin Technology, Inc. (NXL) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

4.06

5-year avg

2.47

10-year avg

2.47

Nexalin Technology, Inc. (NXL) Current Ratio vs. Peers

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

Nexalin Technology, Inc.’s Current Ratio is greater than Ainos, Inc. (1.48), less than Electromed, Inc. (5.75), less than Armm Inc. (0), greater than Surmodics, Inc. (3.98), greater than Bluejay Diagnostics, Inc. (4.38), greater than INVO Bioscience, Inc. (0.30), greater than Motus GI Holdings, Inc. (1.74), greater than IRIDEX Corporation (1.55), greater than Aziyo Biologics, Inc. (0.87), greater than Ainos, Inc. (1.48), greater than LENSAR, Inc. (3.88), greater than ProSomnus, Inc. Common Stock (0.30), greater than LivaNova PLC (3.37), greater than OrthoPediatrics Corp. (4.90), greater than Modular Medical, Inc. (4.03), less than NeuroPace, Inc. (6.37), greater than STRATA Skin Sciences, Inc. (1.14), greater than Nemaura Medical Inc. (0.19),

Build a custom stock screener for Nexalin Technology, Inc. (NXL) and other stocks

One of the best ways to find valuable stocks to invest in is to build a custom made screener in your Excel or Google Sheets spreadsheet. This allows you to compare thousands of companies like Nexalin Technology, Inc. using the financials and key metrics that matter to you in a single view.

The easiest way to set this up is to use the Wisesheets add-on and set your spreadsheet like this:

Custom stock screener in Wisesheets

Covering all these metrics from financial, data, dividend data, key metrics and more you can get all the data you want for over 50+ exchanges worldwide.

Get your free trial here.

Nexalin Technology, Inc. (NXL) and other stocks custom spreadsheet templates

The easiest way to analyze a company like Nexalin Technology, Inc. or any others is to create a spreadsheet model that automatically retrieves all of the stock data you need.

Using Wisesheets you can set up a spreadsheet model like this with simple spreadsheet formulas. If you change the ticker you can get all of the data automatically updated for you.

Custom stock templates in Wisesheets

Whether you need live data, historical price data, financials, dividend data, key metrics, analyst estimates, or anything else...Wisesheets has you covered.

Frequently asked questions❓

What is the Current Ratio?

How can you use the Current Ratio?

What is Nexalin Technology, Inc.'s Current Ratio?

How is the Current Ratio calculated for Nexalin Technology, Inc. (NXL)?

What is the highest Current Ratio for Nexalin Technology, Inc. (NXL)?

What is the 3-year average Current Ratio for Nexalin Technology, Inc. (NXL)?

What is the 5-year average Current Ratio for Nexalin Technology, Inc. (NXL)?

How does the current Current Ratio for Nexalin Technology, Inc. (NXL) compare to its historical average?