Exela Technologies Inc

NASDAQ XELA

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Exela Technologies Inc Quick Ratio for the quarter ending March 31, 2024: 0.43

Exela Technologies Inc Quick Ratio is 0.43 for the quarter ending March 31, 2024, a 26.23% change year over year. The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations using its most liquid assets. It is calculated by dividing the current assets minus inventory by the current liabilities. This ratio provides insights into the company's liquidity position and its ability to pay off current liabilities without relying on inventory sales. A higher ratio suggests a stronger ability to meet short-term obligations with readily available assets.
  • Exela Technologies Inc Quick Ratio for the quarter ending March 31, 2023 was 0.34, a -42.80% change year over year.
  • Exela Technologies Inc Quick Ratio for the quarter ending March 31, 2022 was 0.60, a -8.82% change year over year.
  • Exela Technologies Inc Quick Ratio for the quarter ending March 31, 2021 was 0.65, a 1.45% change year over year.
  • Exela Technologies Inc Quick Ratio for the quarter ending March 31, 2020 was 0.64, a -15.13% change year over year.
NASDAQ: XELA

Exela Technologies Inc

CEO Mr. Parvinder S. Chadha
IPO Date March 9, 2015
Location United States
Headquarters 2701 East Grauwyler Road, Irving, TX, United States, 75061
Employees 13,650
Sector Technology
Industry Software - application
Description

Exela Technologies, Inc. provides transaction processing solutions, enterprise information management, document management, and digital business process services worldwide. It operates in three segments: Information & Transaction Processing Solutions (ITPS), Healthcare Solutions (HS), and Legal & Loss Prevention Services (LLPS). The ITPS segment provides lending solutions for mortgages and auto loans; banking solutions for clearing, anti-money laundering, sanctions, and interbank cross-border settlement; property and casualty insurance solutions for origination, enrollments, claims processing, and benefits administration communications; and public sector solutions for income tax processing, benefits administration, and records management. It also offers solutions for payment processing and reconciliation, integrated receivable and payables management, document logistics and location services, records management, and electronic storage of data and documents; and software, hardware, professional, and maintenance services related to information and transaction processing automation. Its HS segment provides revenue cycle solutions, integrated accounts payable and accounts receivable, and information management; claims processing, and claims adjudication and auditing services; enrollment processing and policy management services; scheduling and prescription management services; and medical coding and insurance claim generation, underpayment audit and recovery, and medical records management services. The LLPS segment processes legal claims for class action and mass action settlement administrations, involving project management support, notification, and outreach to claimants; and collects, analyzes, and distributes settlement funds. It also offers data and analytical services in the areas of litigation consulting, economic and statistical analysis, expert witness services, and revenue recovery services for delinquent accounts receivable. The company was incorporated in 2014 and is headquartered in Irving, Texas.

StockViz Staff

September 20, 2024

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