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Merit Medical SystemsMMSI +3.20%83 Cash Ratio is 2.25 as of Mar. 2026, which is 626% above its 10-year median of 0.31. GuruFocus rates MMSI with a GF Score™ of 83/100 and a GF Value™ of $97.32 (Modestly Undervalued). Among 840 Medical Devices & Instruments companies, Merit Medical Systems ranks better than 70.83% on this metric.
Merit Medical Systems has a Cash Ratio of 2.25. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Merit Medical Systems's Cash Ratio or its related term are showing as below:
MMSI'
s Cash Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.31 Max: 3.42
Current: 2.25
During the past 13 years, Merit Medical Systems's highest Cash Ratio was 3.42. The lowest was 0.12. And the median was 0.31.
MMSI's Cash Ratio is ranked better than 70.83% of 840
companies
in the Medical Devices & Instruments industry
Industry Median: 0.975
vs MMSI: 2.25
Merit Medical Systems (NAS:MMSI) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Medical Instruments & Supplies subindustry, Merit Medical Systems's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Merit Medical Systems Cash Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Merit Medical Systems's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Merit Medical Systems's Cash Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Merit Medical Systems (MMSI) has a Cash Ratio of 2.25 as of Mar. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Merit Medical Systems and its competitors. This is 626% above median its historical median of 0.31. Over the past decade, Merit Medical Systems' Cash Ratio has ranged from 0.12 to 3.42. According to the industry distribution chart, Merit Medical Systems ranks #245 out of 840 companies in the Medical Devices & Instruments industry, placing it in the top 29.2%.
Is Merit Medical Systems' Cash Ratio too high?
Merit Medical Systems' current Cash Ratio of 2.25 is 626% above median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 3.42. The Medical Devices & Instruments industry median Cash Ratio is 0.98. Merit Medical Systems' value of 2.25 is 130.8% above this industry median. Based on the distribution chart, Merit Medical Systems ranks #245 out of 840 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Merit Medical Systems has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merit Medical Systems' Cash Ratio compare to NVST and MMED?
According to the Medical Devices & Instruments industry distribution chart, Merit Medical Systems ranks #245 out of 840 companies for Cash Ratio. This puts Merit Medical Systems in the upper half of its industry. The industry median Cash Ratio is 0.98. Merit Medical Systems' value of 2.25 is 130.8% above this benchmark. Historically, Merit Medical Systems' own Cash Ratio has ranged from 0.12 to 3.42 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 0.98, Merit Medical Systems has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a Medical Devices & Instruments company?
The median Cash Ratio among Medical Devices & Instruments companies is 0.98, based on 840 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Merit Medical Systems's current Cash Ratio of 2.25 is 130.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Merit Medical Systems and its competitors. For the Medical Devices & Instruments industry, the median Cash Ratio is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merit Medical Systems's current Cash Ratio is 2.25, which is 626% above median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merit Medical Systems stock overvalued right now?
Based on GuruFocus' analysis, Merit Medical Systems (MMSI) is currently considered Modestly Undervalued. The stock's GF Value™ is $97.32, compared to a current price of $80.79 — trading 17% below its estimated fair value. The current Cash Ratio is 2.25, which is 626% above median its 10-year median of 0.31 and 130.8% above the Medical Devices & Instruments industry median of 0.98. Merit Medical Systems' overall GF Score™ is 83/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Merit Medical Systems (MMSI), the current Cash Ratio is 2.25 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Merit Medical Systems (MMSI) Overvalued in 2026?
Based on GuruFocus' analysis, Merit Medical Systems stock appears to be undervalued.
The current stock price of $80.79 is trading 17% below its estimated GF Value™ of $97.32.
GuruFocus considers Merit Medical Systems to be Modestly Undervalued.
Key valuation signals for MMSI:
Cash Ratio: 2.25 (626% above median its 10-year median of 0.31)
GF Value™: $97.32 vs. price of $80.79 (17% below fair value)
Industry Position: 130.8% above the Medical Devices & Instruments median (#245 of 840)
No single metric tells the full story. See the MMSI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merit Medical Systems Inc is a medical equipment company that develops and manufactures products for interventional cardiology, radiology, and endoscopy procedures. The firm reports two segments which are Cardiovascular and Endoscopy. The majority of the revenue is earned from the Cardiovascular segment which consists of cardiology and radiology medical device products that assist in diagnosing and treating coronary artery disease, peripheral vascular disease, and other non-vascular diseases and includes embolotherapeutic, cardiac rhythm management, electrophysiology, critical care, and interventional oncology and spine devices.
83GF Score
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