Medistep HealthcareNSE:MEDISTEP +9.70%30 Quick Ratio is 3.55 as of Mar. 2025, which is 54% above its 10-year median of 2.31. GuruFocus rates NSE:MEDISTEP with a GF Score™ of 30/100. The stock has 2 warning signs investors should review. Among 118 Medical Distribution companies, Medistep Healthcare ranks better than 93.22% on this metric.
Medistep Healthcare has a quick ratio of 3.55. It generally indicates good short-term financial strength.
The historical rank and industry rank for Medistep Healthcare's Quick Ratio or its related term are showing as below:
NSE:MEDISTEP'
s Quick Ratio Range Over the Past 10 Years
Min: 1.04 Med: 2.31 Max: 4.35
Current: 3.55
During the past 4 years, Medistep Healthcare's highest Quick Ratio was 4.35. The lowest was 1.04. And the median was 2.31.
NSE:MEDISTEP's Quick Ratio is ranked better than 93.22% of 118
companies
in the Medical Distribution industry
Industry Median: 1.05
vs NSE:MEDISTEP: 3.55
Medistep Healthcare (NSE:MEDISTEP) 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.
Medistep Healthcare Quick Ratio Related Terms
Medistep Healthcare Quick Ratio Historical Data
* Premium members only.
The historical data trend for Medistep Healthcare'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.
Medistep Healthcare Quick Ratio Chart
Medistep Healthcare Annual Data
Trend
Mar22
Mar23
Mar24
Mar25
Quick Ratio
1.04
1.06
4.35
3.55
Medistep Healthcare Semi-Annual Data
Mar22
Mar23
Mar24
Mar25
Quick Ratio
1.04
1.06
4.35
3.55
NSE:MEDISTEP vs MCK, CAH, COR: Quick Ratio Comparison
For the Medical Distribution subindustry, Medistep Healthcare'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.
Medistep Healthcare Quick Ratio vs Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, Medistep Healthcare's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Medistep Healthcare'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.
Medistep Healthcare's Quick Ratio for the fiscal year that ended in Mar. 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.
Medistep Healthcare (NSE:MEDISTEP) has a Quick Ratio of 3.55 as of Mar. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Medistep Healthcare and its competitors. This is 54% above median its historical median of 2.31. Over the past decade, Medistep Healthcare's Quick Ratio has ranged from 1.04 to 4.35. According to the industry distribution chart, Medistep Healthcare ranks #8 out of 118 companies in the Medical Distribution industry, placing it in the top 6.8%.
Is Medistep Healthcare's Quick Ratio too high?
Medistep Healthcare's current Quick Ratio of 3.55 is 54% above median its 10-year median of 2.31. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 4.35. The Medical Distribution industry median Quick Ratio is 1.05. Medistep Healthcare's value of 3.55 is 238.1% above this industry median. Based on the distribution chart, Medistep Healthcare ranks #8 out of 118 companies in the Medical Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Medistep Healthcare has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Medistep Healthcare's Quick Ratio compare to MCK and CAH?
According to the Medical Distribution industry distribution chart, Medistep Healthcare ranks #8 out of 118 companies for Quick Ratio. This places Medistep Healthcare in the top 7% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.05. Medistep Healthcare's value of 3.55 is 238.1% above this benchmark. Historically, Medistep Healthcare's own Quick Ratio has ranged from 1.04 to 4.35 over the past decade. While the company's 10-year median is 2.31 vs. the industry median of 1.05, Medistep Healthcare 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 Quick Ratio for a Medical Distribution company?
The median Quick Ratio among Medical Distribution companies is 1.05, based on 118 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. Medistep Healthcare's current Quick Ratio of 3.55 is 238.1% 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 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 Medistep Healthcare and its competitors. For the Medical Distribution industry, the median Quick Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medistep Healthcare's current Quick Ratio is 3.55, which is 54% above median its own 10-year median of 2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medistep Healthcare stock overvalued right now?
Medistep Healthcare (NSE:MEDISTEP) has a current Quick Ratio of 3.55. The current Quick Ratio is 3.55, which is 54% above median its 10-year median of 2.31 and 238.1% above the Medical Distribution industry median of 1.05. Medistep Healthcare's overall GF Score™ is 30/100 with 2 warning signs to review. 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 Medistep Healthcare (NSE:MEDISTEP), the current Quick Ratio is 3.55 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.
Medistep Healthcare Ltd operates in the pharmaceutical and healthcare product sectors. Its business includes manufacturing intimate care and hygiene products such as sanitary pads, as well as nutraceutical products like energy powders. The company also trades a variety of pharmaceutical, surgical, and medical equipment products. Medistep Healthcare's operations focus mainly on the western region of India, particularly in Gujarat. Its Core business activity is divided into the following categories: a) Trading of Pharmaceutical & Surgical products, b) Trading & Manufacturing of Nutraceuticals and Intimate care & hygiene products. The company generates the majority of its revenue from Trading and distribution.
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