Techno Medica CoTSE:6678 +1.17%86 Quick Ratio is 4.35 as of Mar. 2026, which is 25% below its 10-year median of 5.79. GuruFocus rates TSE:6678 with a GF Score™ of 86/100 and a GF Value™ of 円2,410.68 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 854 Medical Devices & Instruments companies, Techno Medica Co ranks better than 79.39% on this metric.
Techno Medica Co has a quick ratio of 4.35. It generally indicates good short-term financial strength.
The historical rank and industry rank for Techno Medica Co's Quick Ratio or its related term are showing as below:
TSE:6678'
s Quick Ratio Range Over the Past 10 Years
Min: 3.85 Med: 5.79 Max: 6.96
Current: 4.35
During the past 13 years, Techno Medica Co's highest Quick Ratio was 6.96. The lowest was 3.85. And the median was 5.79.
TSE:6678's Quick Ratio is ranked better than 79.39% of 854
companies
in the Medical Devices & Instruments industry
Industry Median: 1.885
vs TSE:6678: 4.35
Techno Medica Co (TSE:6678) 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.
Techno Medica Co Quick Ratio Related Terms
Techno Medica Co Quick Ratio Historical Data
* Premium members only.
The historical data trend for Techno Medica Co'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, Techno Medica Co'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.
Techno Medica Co Quick Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Techno Medica Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Techno Medica Co'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.
Techno Medica Co'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.
Techno Medica Co (TSE:6678) has a Quick Ratio of 4.35 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Techno Medica Co and its competitors. This is 25% below median its historical median of 5.79. Over the past decade, Techno Medica Co's Quick Ratio has ranged from 3.85 to 6.96. According to the industry distribution chart, Techno Medica Co ranks #176 out of 854 companies in the Medical Devices & Instruments industry, placing it in the top 20.6%.
Is Techno Medica Co's Quick Ratio too high?
Techno Medica Co's current Quick Ratio of 4.35 is 25% below median its 10-year median of 5.79. Over the past 10 years, this metric has ranged from a low of 3.85 to a high of 6.96. The Medical Devices & Instruments industry median Quick Ratio is 1.89. Techno Medica Co's value of 4.35 is 130.8% above this industry median. Based on the distribution chart, Techno Medica Co ranks #176 out of 854 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Techno Medica Co has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Techno Medica Co's Quick Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Techno Medica Co ranks #176 out of 854 companies for Quick Ratio. This places Techno Medica Co in the top 21% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.89. Techno Medica Co's value of 4.35 is 130.8% above this benchmark. Historically, Techno Medica Co's own Quick Ratio has ranged from 3.85 to 6.96 over the past decade. While the company's 10-year median is 5.79 vs. the industry median of 1.89, Techno Medica Co 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 Devices & Instruments company?
The median Quick Ratio among Medical Devices & Instruments companies is 1.89, 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. Techno Medica Co's current Quick Ratio of 4.35 is 130.8% 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 Techno Medica Co and its competitors. For the Medical Devices & Instruments industry, the median Quick Ratio is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techno Medica Co's current Quick Ratio is 4.35, which is 25% below median its own 10-year median of 5.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techno Medica Co stock overvalued right now?
Based on GuruFocus' analysis, Techno Medica Co (TSE:6678) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,410.68, compared to a current price of 円1,993.00 — trading 17.3% below its estimated fair value. The current Quick Ratio is 4.35, which is 25% below median its 10-year median of 5.79 and 130.8% above the Medical Devices & Instruments industry median of 1.89. Techno Medica Co's overall GF Score™ is 86/100 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 Techno Medica Co (TSE:6678), the current Quick Ratio is 4.35 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.
Is Techno Medica Co (TSE:6678) Overvalued in 2026?
Based on GuruFocus' analysis, Techno Medica Co stock appears to be undervalued.
The current stock price of 円1,993.00 is trading 17.3% below its estimated GF Value™ of 円2,410.68.
GuruFocus considers Techno Medica Co to be Modestly Undervalued.
Key valuation signals for TSE:6678:
Quick Ratio: 4.35 (25% below median its 10-year median of 5.79)
GF Value™: 円2,410.68 vs. price of 円1,993.00 (17.3% below fair value)
Industry Position: 130.8% above the Medical Devices & Instruments median (#176 of 854)
No single metric tells the full story. See the TSE:6678 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Techno Medica Co Ltd is engaged in the research, development, manufacturing, and sales of medical and in vitro diagnostic products. The company's products classified under Test Tube preparation systems. Additionally, company also import and export medical equipment and Analytical instrument for clinical examination.
86GF Score
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