Nexalin Technology, Inc.

Nexalin Technology, Inc.verified

NXL

Price:

$0.663

Market Cap:

$7.02M

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 September 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 (3.45), 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),

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