Hai Kwang EnterpriseTPE:2038 -0.38%66 Current Ratio is 1.45 as of Dec. 2025, which is 28% above its 10-year median of 1.13. GuruFocus rates TPE:2038 with a GF Score™ of 66/100 and a GF Value™ of NT$15.11 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 634 Steel companies, Hai Kwang Enterprise ranks worse than 57.1% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Hai Kwang Enterprise's current ratio for the quarter that ended in Dec. 2025 was 1.45.
Hai Kwang Enterprise has a current ratio of 1.45. It generally indicates good short-term financial strength.
The historical rank and industry rank for Hai Kwang Enterprise's Current Ratio or its related term are showing as below:
TPE:2038'
s Current Ratio Range Over the Past 10 Years
Min: 0.91 Med: 1.13 Max: 1.66
Current: 1.45
During the past 13 years, Hai Kwang Enterprise's highest Current Ratio was 1.66. The lowest was 0.91. And the median was 1.13.
TPE:2038's Current Ratio is ranked worse than 57.1% of 634
companies
in the Steel industry
Industry Median: 1.63
vs TPE:2038: 1.45
Hai Kwang Enterprise (TPE:2038) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Hai Kwang Enterprise Current Ratio Related Terms
Hai Kwang Enterprise Current Ratio Historical Data
* Premium members only.
The historical data trend for Hai Kwang Enterprise's Current 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.
TPE:2038 vs NUE, STLD, RS: Current Ratio Comparison
For the Steel subindustry, Hai Kwang Enterprise's Current Ratio, along with its competitors' market caps and Current 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.
Hai Kwang Enterprise Current Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Hai Kwang Enterprise's Current Ratio distribution charts can be found below:
* The bar in red indicates where Hai Kwang Enterprise's Current 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.
Hai Kwang Enterprise (TPE:2038) has a Current Ratio of 1.45 as of Dec. 2025. This is 28% above median its historical median of 1.13. Over the past decade, Hai Kwang Enterprise's Current Ratio has ranged from 0.91 to 1.66. According to the industry distribution chart, Hai Kwang Enterprise ranks #362 out of 634 companies in the Steel industry, placing it in the top 57.1%.
Is Hai Kwang Enterprise's Current Ratio too high?
Hai Kwang Enterprise's current Current Ratio of 1.45 is 28% above median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 1.66. The Steel industry median Current Ratio is 1.63. Hai Kwang Enterprise's value of 1.45 is 11% below this industry median. Based on the distribution chart, Hai Kwang Enterprise ranks #362 out of 634 companies in the Steel industry, which is below the industry midpoint. Overall, Hai Kwang Enterprise has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hai Kwang Enterprise's Current Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Hai Kwang Enterprise ranks #362 out of 634 companies for Current Ratio. This places Hai Kwang Enterprise in the lower half of its industry. The industry median Current Ratio is 1.63. Hai Kwang Enterprise's value of 1.45 is 11% below this benchmark. Historically, Hai Kwang Enterprise's own Current Ratio has ranged from 0.91 to 1.66 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 1.63, Hai Kwang Enterprise 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 Current Ratio for a Steel company?
The median Current Ratio among Steel companies is 1.63, based on 634 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hai Kwang Enterprise's current Current Ratio of 1.45 is 11% 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 Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Steel industry, the median Current Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hai Kwang Enterprise's current Current Ratio is 1.45, which is 28% above median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hai Kwang Enterprise stock overvalued right now?
Based on GuruFocus' analysis, Hai Kwang Enterprise (TPE:2038) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$15.11, compared to a current price of NT$13.20 — trading 12.6% below its estimated fair value. The current Current Ratio is 1.45, which is 28% above median its 10-year median of 1.13 and 11% below the Steel industry median of 1.63. Hai Kwang Enterprise's overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Hai Kwang Enterprise (TPE:2038), the current Current Ratio is 1.45 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 Hai Kwang Enterprise (TPE:2038) Overvalued in 2026?
Based on GuruFocus' analysis, Hai Kwang Enterprise stock appears to be undervalued.
The current stock price of NT$13.20 is trading 12.6% below its estimated GF Value™ of NT$15.11.
GuruFocus considers Hai Kwang Enterprise to be Modestly Undervalued.
Key valuation signals for TPE:2038:
Current Ratio: 1.45 (28% above median its 10-year median of 1.13)
GF Value™: NT$15.11 vs. price of NT$13.20 (12.6% below fair value)
Industry Position: 11% below the Steel median (#362 of 634)
No single metric tells the full story. See the TPE:2038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hai Kwang Enterprise Corp is engaged in the manufacture, processing, sale, and trade of billets and reinforcing steel bars. The Company also engages in real estate rental and leasing. It operates through Hai Kwang Enterprise Co., Ltd and Zheng Tung (formerly E Chang), with Hai Kwang Enterprise Co., Ltd generating maximum revenue. The main operating location of the Company and its subsidiaries is Taiwan.
66GF Score
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