MedinotecMDNC 24 Current Ratio is 5.83 as of Feb. 2026, which is 10% above its 10-year median of 5.30. GuruFocus rates MDNC with a GF Score™ of 24/100. The stock has 2 warning signs investors should review.
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. Medinotec's current ratio for the quarter that ended in Feb. 2026 was 5.83.
Medinotec has a current ratio of 5.83. 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 Medinotec's Current Ratio or its related term are showing as below:
MDNC'
s Current Ratio Range Over the Past 10 Years
Min: 3.45 Med: 5.3 Max: 47.45
Current: 5.83
During the past 5 years, Medinotec's highest Current Ratio was 47.45. The lowest was 3.45. And the median was 5.30.
MDNC's Current Ratio is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 2.48
vs MDNC: 5.83
Medinotec (OTCPK:MDNC) 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.
Medinotec Current Ratio Related Terms
Medinotec Current Ratio Historical Data
* Premium members only.
The historical data trend for Medinotec'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.
MDNC vs NVNO, APYX, RDGL: Current Ratio Comparison
For the Medical Devices subindustry, Medinotec'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.
Medinotec Current Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Medinotec's Current Ratio distribution charts can be found below:
* The bar in red indicates where Medinotec'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.
Medinotec (MDNC) has a Current Ratio of 5.83 as of Feb. 2026. This is 10% above median its historical median of 5.30. Over the past decade, Medinotec's Current Ratio has ranged from 3.45 to 47.45.
Is Medinotec's Current Ratio too high?
Medinotec's current Current Ratio of 5.83 is 10% above median its 10-year median of 5.30. Over the past 10 years, this metric has ranged from a low of 3.45 to a high of 47.45. The Medical Devices & Instruments industry median Current Ratio is 2.48. Medinotec's value of 5.83 is 135.1% above this industry median. Overall, Medinotec has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Medinotec's Current Ratio compare to NVNO and APYX?
Medinotec's Current Ratio of 5.83 can be compared against companies in the Medical Devices & Instruments industry. The industry median Current Ratio is 2.48. Medinotec's value of 5.83 is 135.1% above this benchmark. Historically, Medinotec's own Current Ratio has ranged from 3.45 to 47.45 over the past decade. While the company's 10-year median is 5.30 vs. the industry median of 2.48, Medinotec 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. Medinotec's current Current Ratio of 5.83 is 135.1% 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. Medinotec's current Current Ratio is 5.83, which is 10% above median its own 10-year median of 5.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medinotec stock overvalued right now?
Medinotec (MDNC) has a current Current Ratio of 5.83. The current Current Ratio is 5.83, which is 10% above median its 10-year median of 5.30 and 135.1% above the Medical Devices & Instruments industry median of 2.48. Medinotec's overall GF Score™ is 24/100 with 2 warning signs to review. 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 Medinotec (MDNC), the current Current Ratio is 5.83 as of Feb. 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.
Medinotec Inc is a medical device manufacturing and distribution company engaged in tracheal non-occlusive airway dilation technology and medical device design. It generates revenue from two sources: internally designed and manufactured medical devices and distribution of third-party medical products under exclusive or non-exclusive agreements in defined territories. Its products include the Trachealator, the Outflo Aortic Valve Dilation Balloon Catheter, and the Cape Cross family of PTCA balloon catheters. It also distributes a range of cardiology and renal dialysis products on behalf of multinational manufacturers, mainly in South Africa. Its segments are Inside the United States and Outside the United States, with Outside the United States generating maximum revenue.
24GF Score
Get the complete analysis for MDNC
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MDNC has been successfully added to your 
