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BJSE:920870's Quick Ratio is ranked better than 93.62% of 3088
companies
in the Industrial Products industry
Industry Median: 1.35
vs BJSE:920870: 5.28
Heatking Induction Technology (Shiyan) Co (BJSE:920870) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Heatking Induction Technology (Shiyan) Co Quick Ratio Related Terms
Heatking Induction Technology (Shiyan) Co Quick 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.
Heatking Induction Technology (Shiyan) Co Quick Ratio Chart
Heatking Induction Technology (Shiyan) Co Annual Data
BJSE:920870 vs GEV, ETN, PH: Quick Ratio Comparison
For the Specialty Industrial Machinery subindustry, Heatking Induction Technology (Shiyan) Co's Quick Ratio, along with its competitors' market caps and Quick 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.
Heatking Induction Technology (Shiyan) Co Quick Ratio vs Industrial Products Industry
Heatking Induction Technology (Shiyan) Co Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
* 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.
Heatking Induction Technology (Shiyan) Co (BJSE:920870) has a Quick Ratio of 5.28 as of Jun. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Heatking Induction Technology (Shiyan) Co and its competitors. This is near median its historical median of 5.60. Over the past decade, Heatking Induction Technology (Shiyan) Co's Quick Ratio has ranged from 0.96 to 10.56. According to the industry distribution chart, Heatking Induction Technology (Shiyan) Co ranks #197 out of 3088 companies in the Industrial Products industry, placing it in the top 6.4%.
Is Heatking Induction Technology (Shiyan) Co's Quick Ratio too high?
Heatking Induction Technology (Shiyan) Co's current Quick Ratio of 5.28 is near median its 10-year median of 5.60. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 10.56. The Industrial Products industry median Quick Ratio is 1.35. Heatking Induction Technology (Shiyan) Co's value of 5.28 is 291.1% above this industry median. Based on the distribution chart, Heatking Induction Technology (Shiyan) Co ranks #197 out of 3088 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Heatking Induction Technology (Shiyan) Co has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heatking Induction Technology (Shiyan) Co's Quick Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Heatking Induction Technology (Shiyan) Co ranks #197 out of 3088 companies for Quick Ratio. This places Heatking Induction Technology (Shiyan) Co in the top 6% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.35. Heatking Induction Technology (Shiyan) Co's value of 5.28 is 291.1% above this benchmark. Historically, Heatking Induction Technology (Shiyan) Co's own Quick Ratio has ranged from 0.96 to 10.56 over the past decade. While the company's 10-year median is 5.60 vs. the industry median of 1.35, Heatking Induction Technology (Shiyan) 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 Quick Ratio for an Industrial Products company?
The median Quick Ratio among Industrial Products companies is 1.35, based on 3,088 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heatking Induction Technology (Shiyan) Co's current Quick Ratio of 5.28 is 291.1% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Heatking Induction Technology (Shiyan) Co and its competitors. For the Industrial Products industry, the median Quick Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heatking Induction Technology (Shiyan) Co's current Quick Ratio is 5.28, which is near median its own 10-year median of 5.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heatking Induction Technology (Shiyan) Co stock overvalued right now?
Based on GuruFocus' analysis, Heatking Induction Technology (Shiyan) Co (BJSE:920870) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥15.02, compared to a current price of ¥12.18 — trading 18.9% below its estimated fair value. The current Quick Ratio is 5.28, which is near median its 10-year median of 5.60 and 291.1% above the Industrial Products industry median of 1.35. Heatking Induction Technology (Shiyan) Co's overall GF Score™ is 75/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Heatking Induction Technology (Shiyan) Co (BJSE:920870), the current Quick Ratio is 5.28 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 Heatking Induction Technology (Shiyan) Co (BJSE:920870) Overvalued in 2026?
Based on GuruFocus' analysis, Heatking Induction Technology (Shiyan) Co stock appears to be undervalued.
The current stock price of ¥12.18 is trading 18.9% below its estimated GF Value™ of ¥15.02.
GuruFocus considers Heatking Induction Technology (Shiyan) Co to be Modestly Undervalued.
Key valuation signals for BJSE:920870:
Quick Ratio: 5.28 (near median its 10-year median of 5.60)
GF Value™: ¥15.02 vs. price of ¥12.18 (18.9% below fair value)
Industry Position: 291.1% above the Industrial Products median (#197 of 3088)
No single metric tells the full story. See the BJSE:920870 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heatking Induction Technology (Shiyan) Co Ltd engages in research and development, production, sales, and technical services of medium and high-end CNC induction heat treatment complete sets of equipment and key functional components. Its products comprise induction heating, machine workpiece, automotive workpiece, wind power workpiece, Heating Industry, Military Workpiece, Standard Equipment, Heat Treatment, Cooling System, Monitoring System, Power Switch, Heating Transformer, and Heating Coils & Inductors.
75GF Score
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