Truscreen GroupASX:TRU Quick Ratio is 1.61 as of Mar. 2025, which is 48% below its 10-year median of 3.08. The stock has 6 warning signs investors should review. Among 855 Medical Devices & Instruments companies, Truscreen Group ranks better than 66.78% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Truscreen Group's quick ratio for the quarter that ended in Mar. 2025 was 1.61.
Truscreen Group has a quick ratio of 1.61. It generally indicates good short-term financial strength.
The historical rank and industry rank for Truscreen Group's Quick Ratio or its related term are showing as below:
ASX:TRU'
s Quick Ratio Range Over the Past 10 Years
Min: 1.6 Med: 3.08 Max: 9.06
Current: 2.88
During the past 12 years, Truscreen Group's highest Quick Ratio was 9.06. The lowest was 1.60. And the median was 3.08.
ASX:TRU's Quick Ratio is ranked better than 66.78% of 855
companies
in the Medical Devices & Instruments industry
Industry Median: 1.86
vs ASX:TRU: 2.88
Truscreen Group (ASX:TRU) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Truscreen Group Quick Ratio Related Terms
Truscreen Group Quick Ratio Historical Data
* Premium members only.
The historical data trend for Truscreen Group's Quick 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.
For the Medical Devices subindustry, Truscreen Group's Quick Ratio, along with its competitors' market caps and Quick 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.
Truscreen Group Quick Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Truscreen Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Truscreen Group's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Truscreen Group's Quick Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
Truscreen Group (ASX:TRU) has a Quick Ratio of 1.61 as of Mar. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Truscreen Group and its competitors. This is 48% below median its historical median of 3.08. Over the past decade, Truscreen Group's Quick Ratio has ranged from 1.60 to 9.06. According to the industry distribution chart, Truscreen Group ranks #284 out of 855 companies in the Medical Devices & Instruments industry, placing it in the top 33.2%.
Is Truscreen Group's Quick Ratio too high?
Truscreen Group's current Quick Ratio of 1.61 is 48% below median its 10-year median of 3.08. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 9.06. The Medical Devices & Instruments industry median Quick Ratio is 1.86. Truscreen Group's value of 1.61 is 13.4% below this industry median. Based on the distribution chart, Truscreen Group ranks #284 out of 855 companies in the Medical Devices & Instruments industry, which is above the industry midpoint.
How does Truscreen Group's Quick Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Truscreen Group ranks #284 out of 855 companies for Quick Ratio. This puts Truscreen Group in the upper half of its industry. The industry median Quick Ratio is 1.86. Truscreen Group's value of 1.61 is 13.4% below this benchmark. Historically, Truscreen Group's own Quick Ratio has ranged from 1.60 to 9.06 over the past decade. While the company's 10-year median is 3.08 vs. the industry median of 1.86, Truscreen Group has consistently been below 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 Quick Ratio for a Medical Devices & Instruments company?
The median Quick Ratio among Medical Devices & Instruments companies is 1.86, based on 855 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Truscreen Group's current Quick Ratio of 1.61 is 13.4% below 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Truscreen Group and its competitors. For the Medical Devices & Instruments industry, the median Quick Ratio is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Truscreen Group's current Quick Ratio is 1.61, which is 48% below median its own 10-year median of 3.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Truscreen Group stock overvalued right now?
Based on GuruFocus' analysis, Truscreen Group (ASX:TRU) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.01, compared to a current price of A$0.01 — trading 40% above its estimated fair value. The current Quick Ratio is 1.61, which is 48% below median its 10-year median of 3.08 and 13.4% below the Medical Devices & Instruments industry median of 1.86. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Truscreen Group (ASX:TRU), the current Quick Ratio is 1.61 as of Mar. 2025. 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.
Truscreen Group Ltd is a medical device company. The company manufactures and distributes the Truscreen Cervical Cancer screening device, which comprises a medical device and process designed to detect the presence in real-time of precancerous and cancerous tissue on the cervix. The product utilizes technology to detect the pre-cancerous change, or cervical intraepithelial neoplasia (CIN), by optical and electrical measurements of cervical tissue. Geographically, the company operates its business in New Zealand, Mexico, China, Russia, Zimbabwe, Vietnam, and other countries. Maximum revenue is generated from China.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:TRU has been successfully added to your 