Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Nine Dragons Paper (Holdings)NDGPF 49 Cash Ratio is 0.22 as of Dec. 2025, which is 41% below its 10-year median of 0.37. GuruFocus rates NDGPF with a GF Score™ of 49/100 and a GF Value™ of $0.63 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 273 Forest Products companies, Nine Dragons Paper (Holdings) ranks worse than 53.48% on this metric.
Nine Dragons Paper (Holdings) has a Cash Ratio of 0.22. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Nine Dragons Paper (Holdings)'s Cash Ratio or its related term are showing as below:
NDGPF'
s Cash Ratio Range Over the Past 10 Years
Min: 0.22 Med: 0.37 Max: 0.63
Current: 0.22
During the past 13 years, Nine Dragons Paper (Holdings)'s highest Cash Ratio was 0.63. The lowest was 0.22. And the median was 0.37.
NDGPF's Cash Ratio is ranked worse than 53.48% of 273
companies
in the Forest Products industry
Industry Median: 0.26
vs NDGPF: 0.22
Nine Dragons Paper (Holdings) (OTCPK:NDGPF) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Nine Dragons Paper (Holdings) Cash Ratio Related Terms
Nine Dragons Paper (Holdings) Cash Ratio Historical Data
* 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.
Nine Dragons Paper (Holdings) Cash Ratio Competitor Comparison
For the Paper & Paper Products subindustry, Nine Dragons Paper (Holdings)'s Cash Ratio, along with its competitors' market caps and Cash 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.
Nine Dragons Paper (Holdings) Cash Ratio vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Nine Dragons Paper (Holdings)'s Cash Ratio distribution charts can be found below:
* The bar in red indicates where Nine Dragons Paper (Holdings)'s Cash Ratio falls into.
* 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.
Nine Dragons Paper (Holdings) (NDGPF) has a Cash Ratio of 0.22 as of Dec. 2025. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Nine Dragons Paper (Holdings) and its competitors. This is 41% below median its historical median of 0.37. Over the past decade, Nine Dragons Paper (Holdings)'s Cash Ratio has ranged from 0.22 to 0.63. According to the industry distribution chart, Nine Dragons Paper (Holdings) ranks #146 out of 273 companies in the Forest Products industry, placing it in the top 53.5%.
Is Nine Dragons Paper (Holdings)'s Cash Ratio too high?
Nine Dragons Paper (Holdings)'s current Cash Ratio of 0.22 is 41% below median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 0.63. The Forest Products industry median Cash Ratio is 0.26. Nine Dragons Paper (Holdings)'s value of 0.22 is 15.4% below this industry median. Based on the distribution chart, Nine Dragons Paper (Holdings) ranks #146 out of 273 companies in the Forest Products industry, which is below the industry midpoint. Overall, Nine Dragons Paper (Holdings) has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nine Dragons Paper (Holdings)'s Cash Ratio compare to competitors?
According to the Forest Products industry distribution chart, Nine Dragons Paper (Holdings) ranks #146 out of 273 companies for Cash Ratio. This places Nine Dragons Paper (Holdings) in the lower half of its industry. The industry median Cash Ratio is 0.26. Nine Dragons Paper (Holdings)'s value of 0.22 is 15.4% below this benchmark. Historically, Nine Dragons Paper (Holdings)'s own Cash Ratio has ranged from 0.22 to 0.63 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 0.26, Nine Dragons Paper (Holdings) 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 Cash Ratio for a Forest Products company?
The median Cash Ratio among Forest Products companies is 0.26, based on 273 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nine Dragons Paper (Holdings)'s current Cash Ratio of 0.22 is 15.4% 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 Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Nine Dragons Paper (Holdings) and its competitors. For the Forest Products industry, the median Cash Ratio is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nine Dragons Paper (Holdings)'s current Cash Ratio is 0.22, which is 41% below median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nine Dragons Paper (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, Nine Dragons Paper (Holdings) (NDGPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.63, compared to a current price of $0.95 — trading 50.8% above its estimated fair value. The current Cash Ratio is 0.22, which is 41% below median its 10-year median of 0.37 and 15.4% below the Forest Products industry median of 0.26. Nine Dragons Paper (Holdings)'s overall GF Score™ is 49/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Nine Dragons Paper (Holdings) (NDGPF), the current Cash Ratio is 0.22 as of Dec. 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.
Is Nine Dragons Paper (Holdings) (NDGPF) Overvalued in 2026?
Based on GuruFocus' analysis, Nine Dragons Paper (Holdings) stock appears to be overvalued.
The current stock price of $0.95 is trading 50.8% above its estimated GF Value™ of $0.63.
GuruFocus considers Nine Dragons Paper (Holdings) to be Significantly Overvalued.
Key valuation signals for NDGPF:
Cash Ratio: 0.22 (41% below median its 10-year median of 0.37)
GF Value™: $0.63 vs. price of $0.95 (50.8% above fair value)
Industry Position: 15.4% below the Forest Products median (#146 of 273)
No single metric tells the full story. See the NDGPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nine Dragons Paper (Holdings) Ltd operates as a paper products manufacturer. The company is a pulp and paper manufacturing group specializing in the integrated production of pulp and paper, with main products including various kinds of environmentally friendly packaging paper, printing and writing paper, high-end virgin paper, and products from the entire upstream and downstream production chain. Covering the full industry spectrum, it offers kraftlinerboard, testlinerboard, white top linerboard, coated linerboard, bleached folding boxboard, high-performance corrugating medium, coated duplex board, gypsum board cover paper, and more.
49GF Score
Get the complete analysis for NDGPF
Cash Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NDGPF has been successfully added to your 
