Picard MedicalPMI -10.93%4 Quick Ratio is 0.16 as of Mar. 2026, which is at its 10-year median of 0.16. GuruFocus rates PMI with a GF Score™ of 4/100. The stock has 4 warning signs investors should review. Among 854 Medical Devices & Instruments companies, Picard Medical ranks worse than 96.72% 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. Picard Medical's quick ratio for the quarter that ended in Mar. 2026 was 0.16.
Picard Medical has a quick ratio of 0.16. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Picard Medical's Quick Ratio or its related term are showing as below:
PMI'
s Quick Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.16 Max: 1.6
Current: 0.16
During the past 4 years, Picard Medical's highest Quick Ratio was 1.60. The lowest was 0.04. And the median was 0.16.
PMI's Quick Ratio is ranked worse than 96.72% of 854
companies
in the Medical Devices & Instruments industry
Industry Median: 1.865
vs PMI: 0.16
Picard Medical (AMEX:PMI) 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.
Picard Medical Quick Ratio Related Terms
Picard Medical Quick Ratio Historical Data
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The historical data trend for Picard Medical'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, Picard Medical'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.
Picard Medical Quick Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Picard Medical's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Picard Medical'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.
Picard Medical'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.
Picard Medical (PMI) has a Quick Ratio of 0.16 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Picard Medical and its competitors. This is near median its historical median of 0.16. Over the past decade, Picard Medical's Quick Ratio has ranged from 0.04 to 1.60. According to the industry distribution chart, Picard Medical ranks #826 out of 854 companies in the Medical Devices & Instruments industry, placing it in the top 96.7%.
Is Picard Medical's Quick Ratio too high?
Picard Medical's current Quick Ratio of 0.16 is near median its 10-year median of 0.16. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 1.60. The Medical Devices & Instruments industry median Quick Ratio is 1.87. Picard Medical's value of 0.16 is 91.4% below this industry median. Based on the distribution chart, Picard Medical ranks #826 out of 854 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Picard Medical has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Picard Medical's Quick Ratio compare to TRIB and NXL?
According to the Medical Devices & Instruments industry distribution chart, Picard Medical ranks #826 out of 854 companies for Quick Ratio. This places Picard Medical in the lower half of its industry. The industry median Quick Ratio is 1.87. Picard Medical's value of 0.16 is 91.4% below this benchmark. Historically, Picard Medical's own Quick Ratio has ranged from 0.04 to 1.60 over the past decade. While the company's 10-year median is 0.16 vs. the industry median of 1.87, Picard Medical 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. Picard Medical's current Quick Ratio of 0.16 is 91.4% 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 Picard Medical 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. Picard Medical's current Quick Ratio is 0.16, which is near median its own 10-year median of 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Picard Medical stock overvalued right now?
Picard Medical (PMI) has a current Quick Ratio of 0.16. The current Quick Ratio is 0.16, which is near median its 10-year median of 0.16 and 91.4% below the Medical Devices & Instruments industry median of 1.87. Picard Medical's overall GF Score™ is 4/100 with 4 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 Picard Medical (PMI), the current Quick Ratio is 0.16 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.
Picard Medical Inc operates through its wholly owned subsidiary, a medical technology company focused on developing, manufacturing, and commercializing the SynCardia TAH, an implantable total artificial heart system. The company is engaged in designing, manufacturing, producing, supplying, marketing, and selling medical device products, including the SynCardia TAH, which is designed to assume the full function of a failed human heart in patients suffering from advanced heart failure. The SynCardia TAH replaces both the left and right ventricles as well as all four heart valves.
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