Merit Medical SystemsFRA:MM3 +4.17%87 Current Ratio is 5.08 as of Mar. 2026, which is 89% above its 10-year median of 2.69. GuruFocus rates FRA:MM3 with a GF Score™ of 87/100 and a GF Value™ of €84.32 (Modestly Undervalued). Among 855 Medical Devices & Instruments companies, Merit Medical Systems ranks better than 77.89% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Merit Medical Systems's current ratio for the quarter that ended in Mar. 2026 was 5.08.
Merit Medical Systems has a current ratio of 5.08. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Merit Medical Systems's Current Ratio or its related term are showing as below:
FRA:MM3'
s Current Ratio Range Over the Past 10 Years
Min: 2.04 Med: 2.69 Max: 6.24
Current: 5.08
During the past 13 years, Merit Medical Systems's highest Current Ratio was 6.24. The lowest was 2.04. And the median was 2.69.
FRA:MM3's Current Ratio is ranked better than 77.89% of 855
companies
in the Medical Devices & Instruments industry
Industry Median: 2.48
vs FRA:MM3: 5.08
Merit Medical Systems (FRA:MM3) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Merit Medical Systems Current Ratio Related Terms
Merit Medical Systems Current Ratio Historical Data
* Premium members only.
The historical data trend for Merit Medical Systems's Current Ratio can be seen below:
* 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.
FRA:MM3 vs NVST, MMED, ICUI: Current Ratio Comparison
For the Medical Instruments & Supplies subindustry, Merit Medical Systems's Current Ratio, along with its competitors' market caps and Current 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 Current Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Merit Medical Systems's Current Ratio distribution charts can be found below:
* The bar in red indicates where Merit Medical Systems's Current 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 (FRA:MM3) has a Current Ratio of 5.08 as of Mar. 2026. This is 89% above median its historical median of 2.69. Over the past decade, Merit Medical Systems' Current Ratio has ranged from 2.04 to 6.24. According to the industry distribution chart, Merit Medical Systems ranks #189 out of 855 companies in the Medical Devices & Instruments industry, placing it in the top 22.1%.
Is Merit Medical Systems' Current Ratio too high?
Merit Medical Systems' current Current Ratio of 5.08 is 89% above median its 10-year median of 2.69. Over the past 10 years, this metric has ranged from a low of 2.04 to a high of 6.24. The Medical Devices & Instruments industry median Current Ratio is 2.48. Merit Medical Systems' value of 5.08 is 104.8% above this industry median. Based on the distribution chart, Merit Medical Systems ranks #189 out of 855 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Merit Medical Systems has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merit Medical Systems' Current Ratio compare to NVST and MMED?
According to the Medical Devices & Instruments industry distribution chart, Merit Medical Systems ranks #189 out of 855 companies for Current Ratio. This places Merit Medical Systems in the top 22% of its industry — outperforming the majority of peers. The industry median Current Ratio is 2.48. Merit Medical Systems' value of 5.08 is 104.8% above this benchmark. Historically, Merit Medical Systems' own Current Ratio has ranged from 2.04 to 6.24 over the past decade. While the company's 10-year median is 2.69 vs. the industry median of 2.48, 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 Current Ratio for a Medical Devices & Instruments company?
The median Current Ratio among Medical Devices & Instruments companies is 2.48, based on 855 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Merit Medical Systems's current Current Ratio of 5.08 is 104.8% 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 Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Medical Devices & Instruments industry, the median Current Ratio is 2.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merit Medical Systems's current Current Ratio is 5.08, which is 89% above median its own 10-year median of 2.69. 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 (FRA:MM3) is currently considered Modestly Undervalued. The stock's GF Value™ is €84.32, compared to a current price of €62.50 — trading 25.9% below its estimated fair value. The current Current Ratio is 5.08, which is 89% above median its 10-year median of 2.69 and 104.8% above the Medical Devices & Instruments industry median of 2.48. Merit Medical Systems' overall GF Score™ is 87/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Merit Medical Systems (FRA:MM3), the current Current Ratio is 5.08 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 (FRA:MM3) Overvalued in 2026?
Based on GuruFocus' analysis, Merit Medical Systems stock appears to be undervalued.
The current stock price of €62.50 is trading 25.9% below its estimated GF Value™ of €84.32.
GuruFocus considers Merit Medical Systems to be Modestly Undervalued.
Key valuation signals for FRA:MM3:
Current Ratio: 5.08 (89% above median its 10-year median of 2.69)
GF Value™: €84.32 vs. price of €62.50 (25.9% below fair value)
Industry Position: 104.8% above the Medical Devices & Instruments median (#189 of 855)
No single metric tells the full story. See the FRA:MM3 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.
87GF Score
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