The Steel PCLBKK:THE-R 28 Quick Ratio is 0.76 as of Mar. 2026, which is 21% above its 10-year median of 0.63. GuruFocus rates BKK:THE-R with a GF Score™ of 28/100 and a GF Value™ of ฿0.88. The stock has 6 warning signs investors should review. Among 638 Steel companies, The Steel PCL ranks worse than 64.26% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. The Steel PCL's quick ratio for the quarter that ended in Mar. 2026 was 0.76.
The Steel PCL has a quick ratio of 0.76. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for The Steel PCL's Quick Ratio or its related term are showing as below:
BKK:THE-R'
s Quick Ratio Range Over the Past 10 Years
Min: 0.46 Med: 0.63 Max: 0.81
Current: 0.76
During the past 13 years, The Steel PCL's highest Quick Ratio was 0.81. The lowest was 0.46. And the median was 0.63.
BKK:THE-R's Quick Ratio is ranked worse than 64.26% of 638
companies
in the Steel industry
Industry Median: 1.02
vs BKK:THE-R: 0.76
The Steel PCL (BKK:THE-R) 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.
The Steel PCL Quick Ratio Related Terms
The Steel PCL Quick Ratio Historical Data
* Premium members only.
The historical data trend for The Steel PCL's Quick 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.
BKK:THE-R vs NUE, STLD, RS: Quick Ratio Comparison
For the Steel subindustry, The Steel PCL'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.
The Steel PCL Quick Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, The Steel PCL's Quick Ratio distribution charts can be found below:
* The bar in red indicates where The Steel PCL's Quick Ratio falls into.
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.
The Steel PCL's Quick Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
The Steel PCL (BKK:THE-R) has a Quick Ratio of 0.76 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on The Steel PCL and its competitors. This is 21% above median its historical median of 0.63. Over the past decade, The Steel PCL's Quick Ratio has ranged from 0.46 to 0.81. According to the industry distribution chart, The Steel PCL ranks #410 out of 638 companies in the Steel industry, placing it in the top 64.3%.
Is The Steel PCL's Quick Ratio too high?
The Steel PCL's current Quick Ratio of 0.76 is 21% above median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 0.81. The Steel industry median Quick Ratio is 1.02. The Steel PCL's value of 0.76 is 25.5% below this industry median. Based on the distribution chart, The Steel PCL ranks #410 out of 638 companies in the Steel industry, which is below the industry midpoint. Overall, The Steel PCL has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does The Steel PCL's Quick Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, The Steel PCL ranks #410 out of 638 companies for Quick Ratio. This places The Steel PCL in the lower half of its industry. The industry median Quick Ratio is 1.02. The Steel PCL's value of 0.76 is 25.5% below this benchmark. Historically, The Steel PCL's own Quick Ratio has ranged from 0.46 to 0.81 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 1.02, The Steel PCL 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 Quick Ratio for a Steel company?
The median Quick Ratio among Steel companies is 1.02, based on 638 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. The Steel PCL's current Quick Ratio of 0.76 is 25.5% 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 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 The Steel PCL and its competitors. For the Steel industry, the median Quick Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Steel PCL's current Quick Ratio is 0.76, which is 21% above median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Steel PCL stock overvalued right now?
The Steel PCL (BKK:THE-R) has a current Quick Ratio of 0.76. The stock's GF Value™ is ฿0.88, compared to a current price of ฿0.83 — trading 5.4% below its estimated fair value. The current Quick Ratio is 0.76, which is 21% above median its 10-year median of 0.63 and 25.5% below the Steel industry median of 1.02. The Steel PCL's overall GF Score™ is 28/100 with 6 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 The Steel PCL (BKK:THE-R), the current Quick Ratio is 0.76 as of Mar. 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 The Steel PCL (BKK:THE-R) Overvalued in 2026?
Based on GuruFocus' analysis, The Steel PCL stock appears to be undervalued.
The current stock price of ฿0.83 is trading 5.4% below its estimated GF Value™ of ฿0.88.
Key valuation signals for BKK:THE-R:
Quick Ratio: 0.76 (21% above median its 10-year median of 0.63)
GF Value™: ฿0.88 vs. price of ฿0.83 (5.4% below fair value)
Industry Position: 25.5% below the Steel median (#410 of 638)
No single metric tells the full story. See the BKK:THE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Steel PCL is principally engaged in the selling and transforming hot rolled steel sheets and coils and other structural steels and logistic services of steel. Its product portfolio includes hot-rolled coils, and processed forms such as slit coils, steel sheets, hot-formed structural steel, and cold-formed structural steel, as well as other steel products. In addition, the company also processes certain steel products, including steel sheets, slit coils, flat steel, folded angle steel, folded channel steel, steel pipes, and C-shaped structural steel. The company operates in two reportable segments: Revenue from sales of steels, which accounts for a majority of its revenue, and Revenue from logistic services. Geographically, it is managed and operates principally in Thailand.
28GF Score
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