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Good Will Instrument CoTPE:2423 -1.10%77 Cash Ratio is 0.77 as of Jun. 2026, which is 4% above its 10-year median of 0.74. GuruFocus rates TPE:2423 with a GF Score™ of 77/100 and a GF Value™ of NT$50.11 (Significantly Overvalued). Among 2,476 Hardware companies, Good Will Instrument Co ranks better than 59.53% on this metric.
Good Will Instrument Co has a Cash Ratio of 0.77. 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 Good Will Instrument Co's Cash Ratio or its related term are showing as below:
TPE:2423'
s Cash Ratio Range Over the Past 10 Years
Min: 0.4 Med: 0.74 Max: 0.98
Current: 0.77
During the past 13 years, Good Will Instrument Co's highest Cash Ratio was 0.98. The lowest was 0.40. And the median was 0.74.
TPE:2423's Cash Ratio is ranked better than 59.53% of 2476
companies
in the Hardware industry
Industry Median: 0.57
vs TPE:2423: 0.77
Good Will Instrument Co (TPE:2423) 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.
Good Will Instrument Co Cash Ratio Related Terms
Good Will Instrument Co 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.
TPE:2423 vs GRMN, COHR, KEYS: Cash Ratio Comparison
For the Scientific & Technical Instruments subindustry, Good Will Instrument Co'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.
Good Will Instrument Co Cash Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Good Will Instrument Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Good Will Instrument Co'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.
Good Will Instrument Co (TPE:2423) has a Cash Ratio of 0.77 as of Jun. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Good Will Instrument Co and its competitors. This is near median its historical median of 0.74. Over the past decade, Good Will Instrument Co's Cash Ratio has ranged from 0.40 to 0.98. According to the industry distribution chart, Good Will Instrument Co ranks #1002 out of 2476 companies in the Hardware industry, placing it in the top 40.5%.
Is Good Will Instrument Co's Cash Ratio too high?
Good Will Instrument Co's current Cash Ratio of 0.77 is near median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 0.98. The Hardware industry median Cash Ratio is 0.57. Good Will Instrument Co's value of 0.77 is 35.1% above this industry median. Based on the distribution chart, Good Will Instrument Co ranks #1002 out of 2476 companies in the Hardware industry, which is above the industry midpoint. Overall, Good Will Instrument Co has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Good Will Instrument Co's Cash Ratio compare to GRMN and COHR?
According to the Hardware industry distribution chart, Good Will Instrument Co ranks #1002 out of 2476 companies for Cash Ratio. This puts Good Will Instrument Co in the upper half of its industry. The industry median Cash Ratio is 0.57. Good Will Instrument Co's value of 0.77 is 35.1% above this benchmark. Historically, Good Will Instrument Co's own Cash Ratio has ranged from 0.40 to 0.98 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 0.57, Good Will Instrument 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 Cash Ratio for a Hardware company?
The median Cash Ratio among Hardware companies is 0.57, based on 2,476 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. Good Will Instrument Co's current Cash Ratio of 0.77 is 35.1% 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 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 Good Will Instrument Co and its competitors. For the Hardware industry, the median Cash Ratio is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Good Will Instrument Co's current Cash Ratio is 0.77, which is near median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Good Will Instrument Co stock overvalued right now?
Based on GuruFocus' analysis, Good Will Instrument Co (TPE:2423) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$50.11, compared to a current price of NT$72.20 — trading 44.1% above its estimated fair value. The current Cash Ratio is 0.77, which is near median its 10-year median of 0.74 and 35.1% above the Hardware industry median of 0.57. Good Will Instrument Co's overall GF Score™ is 77/100. 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 Good Will Instrument Co (TPE:2423), the current Cash Ratio is 0.77 as of Jun. 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 Good Will Instrument Co (TPE:2423) Overvalued in 2026?
Based on GuruFocus' analysis, Good Will Instrument Co stock appears to be overvalued.
The current stock price of NT$72.20 is trading 44.1% above its estimated GF Value™ of NT$50.11.
GuruFocus considers Good Will Instrument Co to be Significantly Overvalued.
Key valuation signals for TPE:2423:
Cash Ratio: 0.77 (near median its 10-year median of 0.74)
GF Value™: NT$50.11 vs. price of NT$72.20 (44.1% above fair value)
Industry Position: 35.1% above the Hardware median (#1002 of 2476)
No single metric tells the full story. See the TPE:2423 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Good Will Instrument Co Ltd manufactures and sells electrical testing instruments, communication equipment, and related products. Its products include oscilloscopes, spectrum analyzers, signal sources, power supplies, public broadcasting and video monitoring systems, environmental testing equipment, constant temperature and humidity equipment, and vibration test equipment, among others. Geographically, the company generates a majority of its revenue from China and the rest from Japan, Taiwan, America, Europe, and other countries.
77GF Score
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