Techniques for monitoring the health of a device comprising a motor or generator are described. An apparatus to monitor the health of the device includes a plurality of sensors to detect root-mean-square (RMS) current values for a plurality of stator windings of the device. The apparatus also includes a processor to receive the RMS current values from the plurality of sensors and compute a fault indicator based on the RMS current values. The fault indicator represents a level of current imbalance between the plurality of stator windings due to winding faults.