Elegance Optical International Holdings has a quick ratio of 0.34. It indicates that the company cannot currently fully pay back its current liabilities.
HKSE:00907's Quick Ratio is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 1.89
vs HKSE:00907: 0.58
Elegance Optical International Holdings (HKSE:00907) 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.
Elegance Optical International Holdings Quick Ratio Related Terms
Elegance Optical International Holdings 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.
Elegance Optical International Holdings Quick Ratio Chart
Elegance Optical International Holdings Annual Data
HKSE:00907 vs ISRG, BDX, MDLN: Quick Ratio Comparison
For the Medical Instruments & Supplies subindustry, Elegance Optical International Holdings'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.
Elegance Optical International Holdings Quick Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Elegance Optical International Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Elegance Optical International Holdings's Quick Ratio falls into.
Elegance Optical International Holdings 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.
Elegance Optical International Holdings (HKSE:00907) has a Quick Ratio of 0.34 as of Sep. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Elegance Optical International Holdings and its competitors. This is 69% below median its historical median of 1.08. Over the past decade, Elegance Optical International Holdings' Quick Ratio has ranged from 0.34 to 3.71.
Is Elegance Optical International Holdings' Quick Ratio too high?
Elegance Optical International Holdings' current Quick Ratio of 0.34 is 69% below median its 10-year median of 1.08. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 3.71. The Medical Devices & Instruments industry median Quick Ratio is 1.89. Elegance Optical International Holdings' value of 0.34 is 82% below this industry median.
How does Elegance Optical International Holdings' Quick Ratio compare to ISRG and BDX?
Elegance Optical International Holdings' Quick Ratio of 0.34 can be compared against companies in the Medical Devices & Instruments industry. The industry median Quick Ratio is 1.89. Elegance Optical International Holdings' value of 0.34 is 82% below this benchmark. Historically, Elegance Optical International Holdings' own Quick Ratio has ranged from 0.34 to 3.71 over the past decade. While the company's 10-year median is 1.08 vs. the industry median of 1.89, Elegance Optical International 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 Quick Ratio for a Medical Devices & Instruments company?
The median Quick Ratio among Medical Devices & Instruments companies is 1.89, based on 855 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. Elegance Optical International Holdings's current Quick Ratio of 0.34 is 82% 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 Elegance Optical International Holdings and its competitors. For the Medical Devices & Instruments industry, the median Quick Ratio is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elegance Optical International Holdings's current Quick Ratio is 0.34, which is 69% below median its own 10-year median of 1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elegance Optical International Holdings stock overvalued right now?
Elegance Optical International Holdings (HKSE:00907) has a current Quick Ratio of 0.34. The stock's GF Value™ is HK$0.28, compared to a current price of HK$0.06 — trading 78.2% below its estimated fair value. The current Quick Ratio is 0.34, which is 69% below median its 10-year median of 1.08 and 82% below the Medical Devices & Instruments industry median of 1.89. 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 Elegance Optical International Holdings (HKSE:00907), the current Quick Ratio is 0.34 as of Sep. 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.
Elegance Optical International Holdings Business Description
Elegance Optical International Holdings Ltd and its subsidiaries are the manufacturers and sellers of optical frames and sunglasses. Its operating segments include the trading segment engaged in the manufacture and trading of optical frames and sunglasses; the Property investment segment is involved in leasing properties for rental income; the Debts and securities investment segment engaged in investments in financial instruments and quoted shares; Film investment and distribution segment engaged in film right and movie distributions; and Energy business. It derives key revenue from the trading segment. It operates in Europe, America, the PRC (including Hong Kong), and other countries.
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