NuGen Medical DevicesNGMDF Quick Ratio is 0.57 as of Mar. 2026, which is 30% below its 10-year median of 0.81. The stock has 7 warning signs investors should review. Among 854 Medical Devices & Instruments companies, NuGen Medical Devices ranks worse than 90.63% on this metric.
NuGen Medical Devices has a quick ratio of 0.57. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for NuGen Medical Devices's Quick Ratio or its related term are showing as below:
NGMDF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.17 Med: 0.81 Max: 5.86
Current: 0.57
During the past 6 years, NuGen Medical Devices's highest Quick Ratio was 5.86. The lowest was 0.17. And the median was 0.81.
NGMDF's Quick Ratio is ranked worse than 90.63% of 854
companies
in the Medical Devices & Instruments industry
Industry Median: 1.865
vs NGMDF: 0.57
NuGen Medical Devices (OTCPK:NGMDF) 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.
NuGen Medical Devices Quick Ratio Related Terms
NuGen Medical Devices Quick Ratio Historical Data
* Premium members only.
The historical data trend for NuGen Medical Devices'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, NuGen Medical Devices'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.
NuGen Medical Devices Quick Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, NuGen Medical Devices's Quick Ratio distribution charts can be found below:
* The bar in red indicates where NuGen Medical Devices'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.
NuGen Medical Devices's Quick Ratio for the fiscal year that ended in Dec. 2025 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.
NuGen Medical Devices (NGMDF) has a Quick Ratio of 0.57 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on NuGen Medical Devices and its competitors. This is 30% below median its historical median of 0.81. Over the past decade, NuGen Medical Devices' Quick Ratio has ranged from 0.17 to 5.86. According to the industry distribution chart, NuGen Medical Devices ranks #774 out of 854 companies in the Medical Devices & Instruments industry, placing it in the top 90.6%.
Is NuGen Medical Devices' Quick Ratio too high?
NuGen Medical Devices' current Quick Ratio of 0.57 is 30% below median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 5.86. The Medical Devices & Instruments industry median Quick Ratio is 1.87. NuGen Medical Devices' value of 0.57 is 69.4% below this industry median. Based on the distribution chart, NuGen Medical Devices ranks #774 out of 854 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers.
How does NuGen Medical Devices' Quick Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, NuGen Medical Devices ranks #774 out of 854 companies for Quick Ratio. This places NuGen Medical Devices in the lower half of its industry. The industry median Quick Ratio is 1.87. NuGen Medical Devices' value of 0.57 is 69.4% below this benchmark. Historically, NuGen Medical Devices' own Quick Ratio has ranged from 0.17 to 5.86 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 1.87, NuGen Medical Devices 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 1.87, based on 854 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. NuGen Medical Devices's current Quick Ratio of 0.57 is 69.4% 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 NuGen Medical Devices and its competitors. For the Medical Devices & Instruments industry, the median Quick Ratio is 1.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NuGen Medical Devices's current Quick Ratio is 0.57, which is 30% below median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NuGen Medical Devices stock overvalued right now?
Based on GuruFocus' analysis, NuGen Medical Devices (NGMDF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.02, compared to a current price of $0.02 — trading 21.8% below its estimated fair value. The current Quick Ratio is 0.57, which is 30% below median its 10-year median of 0.81 and 69.4% below the Medical Devices & Instruments industry median of 1.87. 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 NuGen Medical Devices (NGMDF), the current Quick Ratio is 0.57 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.
NuGen Medical Devices Inc is a medical device manufacturing company specializing in the field of needleless injections and related technologies. The reportable segment of the company is the manufacturing of needle injector devices. Geographically, the company generates revenue from Europe, followed by Asia, and other.
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