Fonar Corporation

NASDAQ FONR

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Fonar Corporation Operating Cash Flow To Current Liabilities 5 year CAGR for the quarter ending March 31, 2024: -8.60%

Fonar Corporation Operating Cash Flow To Current Liabilities 5 year CAGR is -8.60% for the quarter ending March 31, 2024, a -2,152.28% change year over year. The operating cash flow to current liabilities ratio measures the ability of a company's operating cash flow to cover its current liabilities. It is calculated by dividing the operating cash flow by the current liabilities. This ratio indicates the company's short-term liquidity position and its ability to meet its immediate financial obligations using cash generated from its operations. A higher ratio suggests a stronger ability to cover current liabilities with operating cash flow. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Fonar Corporation Operating Cash Flow To Current Liabilities for the quarter ending March 31, 2023 was 0.31, a 0.91% change year over year.
  • Fonar Corporation Operating Cash Flow To Current Liabilities for the quarter ending March 31, 2022 was 0.31, a 45.33% change year over year.
  • Fonar Corporation Operating Cash Flow To Current Liabilities for the quarter ending March 31, 2021 was 0.21, a -16.53% change year over year.
  • Fonar Corporation Operating Cash Flow To Current Liabilities for the quarter ending March 31, 2020 was 0.25, a -18.72% change year over year.
NASDAQ: FONR

Fonar Corporation

CEO Mr. Timothy R. Damadian
IPO Date Jan. 1, 1987
Location United States
Headquarters 110 Marcus Drive, Melville, NY, United States, 11747
Employees 561
Sector Healthcare
Industry Diagnostics & research
Description

FONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases in the United States. The company operates in two segments, Medical Equipment, and Physician Management and Diagnostic Services. It provides Upright MRI scanner that allows patients to be scanned in weight-bearing conditions, such as standing, sitting, bending, or lying down. The company also offers non-medical management, including administrative services, billing and collection services, credentialing services, contract negotiations, compliance consulting, purchasing IT services, hiring, conducting interviews, training, supervision and management of non-medical personnel, storage of medical records, office space, equipment, repair maintenance services, accounting, assistance with compliance matters, and development and implementation of practice growth and marketing strategies. It owns and operates diagnostic imaging facilities in Florida; and manages MRI scanning facilities. The company markets its scanners to private diagnostic imaging centers and hospital outpatient imaging facilities. FONAR Corporation was founded in 1970 and is based in Melville, New York.

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StockViz Staff

September 19, 2024

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