MedinotecMDNC 24 Altman Z-Score is 35.22 as of Jun. 28, 2026, which is 98% above its 10-year median of 17.82. GuruFocus rates MDNC with a GF Score™ of 24/100. The stock has 2 warning signs investors should review.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Good Sign:
Altman Z-score of 35.22 is strong.
Medinotec has a Altman Z-Score of 35.22, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Medinotec's Altman Z-Score or its related term are showing as below:
MDNC'
s Altman Z-Score Range Over the Past 10 Years
Min: 14.94 Med: 17.82 Max: 35.28
Current: 35.22
During the past 5 years, Medinotec's highest Altman Z-Score was 35.28. The lowest was 14.94. And the median was 17.82.
Medinotec (OTCPK:MDNC) Altman Z-Score Explanation
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Altman Z-Score does not apply to financial companies.
Medinotec Altman Z-Score Related Terms
Medinotec Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Medinotec's Altman Z-Score 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.
MDNC vs NVNO, APYX, RDGL: Altman Z-Score Comparison
For the Medical Devices subindustry, Medinotec's Altman Z-Score, along with its competitors' market caps and Altman Z-Score 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.
Medinotec Altman Z-Score vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Medinotec's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Medinotec's Altman Z-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
Medinotec's Altman Z-Score for today is calculated with this formula:
Z
=
1.2
*
X1
+
1.4
*
X2
+
3.3
*
X3
+
0.6
*
X4
+
1.0
*
X5
=
1.2
*
0.7807
+
1.4
*
0.2514
+
3.3
*
0.1698
+
0.6
*
53.2387
+
1.0
*
1.428
=
35.22
* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
Medinotec (MDNC) has a Altman Z-Score of 35.22 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Medinotec and its competitors. This is 98% above median its historical median of 17.82. Over the past decade, Medinotec's Altman Z-Score has ranged from 14.94 to 35.28.
Is Medinotec's Altman Z-Score too high?
Medinotec's current Altman Z-Score of 35.22 is 98% above median its 10-year median of 17.82. Over the past 10 years, this metric has ranged from a low of 14.94 to a high of 35.28. The Medical Devices & Instruments industry median Altman Z-Score is 2.89. Medinotec's value of 35.22 is 1118.7% above this industry median. Overall, Medinotec has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Medinotec's Altman Z-Score compare to NVNO and APYX?
Medinotec's Altman Z-Score of 35.22 can be compared against companies in the Medical Devices & Instruments industry. The industry median Altman Z-Score is 2.89. Medinotec's value of 35.22 is 1118.7% above this benchmark. Historically, Medinotec's own Altman Z-Score has ranged from 14.94 to 35.28 over the past decade. While the company's 10-year median is 17.82 vs. the industry median of 2.89, Medinotec 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 Altman Z-Score for a Medical Devices & Instruments company?
The median Altman Z-Score among Medical Devices & Instruments companies is 2.89, based on 809 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Medinotec's current Altman Z-Score of 35.22 is 1118.7% 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 Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Medinotec and its competitors. For the Medical Devices & Instruments industry, the median Altman Z-Score is 2.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medinotec's current Altman Z-Score is 35.22, which is 98% above median its own 10-year median of 17.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medinotec stock overvalued right now?
Medinotec (MDNC) has a current Altman Z-Score of 35.22. The current Altman Z-Score is 35.22, which is 98% above median its 10-year median of 17.82 and 1118.7% above the Medical Devices & Instruments industry median of 2.89. Medinotec's overall GF Score™ is 24/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Medinotec (MDNC), the current Altman Z-Score is 35.22 as of Jun. 28, 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.
Medinotec Inc is a medical device manufacturing and distribution company engaged in tracheal non-occlusive airway dilation technology and medical device design. It generates revenue from two sources: internally designed and manufactured medical devices and distribution of third-party medical products under exclusive or non-exclusive agreements in defined territories. Its products include the Trachealator, the Outflo Aortic Valve Dilation Balloon Catheter, and the Cape Cross family of PTCA balloon catheters. It also distributes a range of cardiology and renal dialysis products on behalf of multinational manufacturers, mainly in South Africa. Its segments are Inside the United States and Outside the United States, with Outside the United States generating maximum revenue.
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