ZynexZYXIQ Quick Ratio is 0.32 as of Sep. 2025, which is 89% below its 10-year median of 2.99. The stock has 5 warning signs investors should review.
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. Zynex's quick ratio for the quarter that ended in Sep. 2025 was 0.32.
Zynex has a quick ratio of 0.32. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Zynex's Quick Ratio or its related term are showing as below:
ZYXIQ'
s Quick Ratio Range Over the Past 10 Years
Min: 0.32 Med: 2.99 Max: 7.08
Current: 0.32
During the past 13 years, Zynex's highest Quick Ratio was 7.08. The lowest was 0.32. And the median was 2.99.
ZYXIQ's Quick Ratio is not ranked
in the Medical Distribution industry.
Industry Median: 1.05
vs ZYXIQ: 0.32
Zynex (OTCPK:ZYXIQ) 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.
Zynex Quick Ratio Related Terms
Zynex Quick Ratio Historical Data
* Premium members only.
The historical data trend for Zynex'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 Distribution subindustry, Zynex'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.
Zynex Quick Ratio vs Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, Zynex's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Zynex'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.
Zynex's Quick Ratio for the fiscal year that ended in Dec. 2024 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.
Zynex (ZYXIQ) has a Quick Ratio of 0.32 as of Sep. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Zynex and its competitors. This is 89% below median its historical median of 2.99. Over the past decade, Zynex's Quick Ratio has ranged from 0.32 to 7.08.
Is Zynex's Quick Ratio too high?
Zynex's current Quick Ratio of 0.32 is 89% below median its 10-year median of 2.99. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 7.08. The Medical Distribution industry median Quick Ratio is 1.05. Zynex's value of 0.32 is 69.5% below this industry median.
How does Zynex's Quick Ratio compare to MCK and COR?
Zynex's Quick Ratio of 0.32 can be compared against companies in the Medical Distribution industry. The industry median Quick Ratio is 1.05. Zynex's value of 0.32 is 69.5% below this benchmark. Historically, Zynex's own Quick Ratio has ranged from 0.32 to 7.08 over the past decade. While the company's 10-year median is 2.99 vs. the industry median of 1.05, Zynex 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 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. Zynex's current Quick Ratio of 0.32 is 69.5% 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 Zynex 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. Zynex's current Quick Ratio is 0.32, which is 89% below median its own 10-year median of 2.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zynex stock overvalued right now?
Zynex (ZYXIQ) has a current Quick Ratio of 0.32. The stock's GF Value™ is $5.54, compared to a current price of $0.06 — trading 99% below its estimated fair value. The current Quick Ratio is 0.32, which is 89% below median its 10-year median of 2.99 and 69.5% below the Medical Distribution industry median of 1.05. 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 Zynex (ZYXIQ), the current Quick Ratio is 0.32 as of Sep. 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.
Zynex Inc is engaged in the manufacturing and marketing of medical devices. It operates through one primary business segment, Electrotherapy and Pain Management Products. The business activities of the company are carried out through its subsidiaries. The company designs, manufactures, and markets medical devices that treat chronic and acute pain, as well as activate and exercise muscles for rehabilitative purposes with electrical stimulation. The company operates business as one operating segment which includes two revenue types: Devices and Supplies. Its markets Zynex-manufactured products which include NexWave, NeuroMove, InWave E-Wave, and others.
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