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Innovent BiologicsHKSE:01801 +3.93%84 Quick Ratio is 2.47 as of Dec. 2025, which is 40% below its 10-year median of 4.12. GuruFocus rates HKSE:01801 with a GF Score™ of 84/100 and a GF Value™ of HK$101.02 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,412 Biotechnology companies, Innovent Biologics ranks worse than 60.13% on this metric.
Innovent Biologics has a quick ratio of 2.47. It generally indicates good short-term financial strength.
The historical rank and industry rank for Innovent Biologics's Quick Ratio or its related term are showing as below:
HKSE:01801'
s Quick Ratio Range Over the Past 10 Years
Min: 2.16 Med: 4.12 Max: 24.07
Current: 2.47
During the past 10 years, Innovent Biologics's highest Quick Ratio was 24.07. The lowest was 2.16. And the median was 4.12.
HKSE:01801's Quick Ratio is ranked worse than 60.13% of 1412
companies
in the Biotechnology industry
Industry Median: 3.595
vs HKSE:01801: 2.47
Innovent Biologics (HKSE:01801) 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.
Innovent Biologics Quick Ratio Related Terms
Innovent Biologics Quick Ratio Historical Data
* Premium members only.
The historical data trend for Innovent Biologics'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.
HKSE:01801 vs VRTX, REGN, ALNY: Quick Ratio Comparison
For the Biotechnology subindustry, Innovent Biologics'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.
Innovent Biologics Quick Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Innovent Biologics's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Innovent Biologics'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.
Innovent Biologics'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.
Innovent Biologics (HKSE:01801) has a Quick Ratio of 2.47 as of Dec. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Innovent Biologics and its competitors. This is 40% below median its historical median of 4.12. Over the past decade, Innovent Biologics' Quick Ratio has ranged from 2.16 to 24.07. According to the industry distribution chart, Innovent Biologics ranks #849 out of 1412 companies in the Biotechnology industry, placing it in the top 60.1%.
Is Innovent Biologics' Quick Ratio too high?
Innovent Biologics' current Quick Ratio of 2.47 is 40% below median its 10-year median of 4.12. Over the past 10 years, this metric has ranged from a low of 2.16 to a high of 24.07. The Biotechnology industry median Quick Ratio is 3.60. Innovent Biologics' value of 2.47 is 31.3% below this industry median. Based on the distribution chart, Innovent Biologics ranks #849 out of 1412 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Innovent Biologics has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Innovent Biologics' Quick Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Innovent Biologics ranks #849 out of 1412 companies for Quick Ratio. This places Innovent Biologics in the lower half of its industry. The industry median Quick Ratio is 3.60. Innovent Biologics' value of 2.47 is 31.3% below this benchmark. Historically, Innovent Biologics' own Quick Ratio has ranged from 2.16 to 24.07 over the past decade. While the company's 10-year median is 4.12 vs. the industry median of 3.60, Innovent Biologics 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 Biotechnology company?
The median Quick Ratio among Biotechnology companies is 3.60, based on 1,412 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. Innovent Biologics's current Quick Ratio of 2.47 is 31.3% 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 Innovent Biologics and its competitors. For the Biotechnology industry, the median Quick Ratio is 3.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovent Biologics's current Quick Ratio is 2.47, which is 40% below median its own 10-year median of 4.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovent Biologics stock overvalued right now?
Based on GuruFocus' analysis, Innovent Biologics (HKSE:01801) is currently considered Fairly Valued. The stock's GF Value™ is HK$101.02, compared to a current price of HK$92.45 — trading 8.5% below its estimated fair value. The current Quick Ratio is 2.47, which is 40% below median its 10-year median of 4.12 and 31.3% below the Biotechnology industry median of 3.60. Innovent Biologics' overall GF Score™ is 84/100 with 2 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 Innovent Biologics (HKSE:01801), the current Quick Ratio is 2.47 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 Innovent Biologics (HKSE:01801) Overvalued in 2026?
Based on GuruFocus' analysis, Innovent Biologics stock appears to be undervalued.
The current stock price of HK$92.45 is trading 8.5% below its estimated GF Value™ of HK$101.02.
GuruFocus considers Innovent Biologics to be Fairly Valued.
Key valuation signals for HKSE:01801:
Quick Ratio: 2.47 (40% below median its 10-year median of 4.12)
GF Value™: HK$101.02 vs. price of HK$92.45 (8.5% below fair value)
Industry Position: 31.3% below the Biotechnology median (#849 of 1412)
No single metric tells the full story. See the HKSE:01801 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Innovent Biologics is one of the leading biotechnology companies in China. Listed on the Hong Kong stock exchange in 2018, Innovent has 12 commercialized oncology products and four commercialized nononcology products as of January 2026, and 34 drugs in its research and development pipeline. Its core assets are Tyvyt, a PD-1 inhibitor included in the National Reimbursement Drug Lists (NRDL) for the first-line treatment of five major cancers, and mazdutide, a GLP-1/glucagon dual agonist drug for weight loss, fat breakdown, and Type 2 diabetes. Mazdutide is the first domestic GLP-1 drug produced and competes with Eli Lilly and Novo Nordisk in China. Tyvyt's main competition includes drugs from Junshi, Jiangsu Hengrui, BeOne, Merck, and Bristol Myers.
84GF Score
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