Medical Care Technologies Inc Financials

Medical Care Technologies Inc (MDCE) had $514K in total assets as of fiscal year 2011, including both current and long-term assets.

Medical Care Technologies Inc (MDCE) invested $6K in capital expenditures during fiscal year 2011, funding long-term assets and infrastructure.

Medical Care Technologies Inc (MDCE) had 550M shares outstanding as of fiscal year 2011.

Medical Care Technologies Inc (MDCE) had a current ratio of 0.09 as of fiscal year 2011, which is below 1.0, which may suggest potential liquidity concerns.

Medical Care Technologies Inc (MDCE) had a return on assets of -374.4% for fiscal year 2011, measuring how efficiently the company uses its assets to generate profit.

At the end of fiscal year 2011, Medical Care Technologies Inc (MDCE) held $3K in cash, cash equivalents and investments, and reported an operating cash outflow of $372K over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

Medical Care Technologies Inc (MDCE) has negative shareholder equity of -$138K as of fiscal year 2011, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

Medical Care Technologies Inc (MDCE) has a Piotroski F-Score of 2 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Medical Care Technologies Inc (MDCE) reported a net loss of $1.9M while operations used $372K of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.