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Chinanjiang Fine Chemicals Co (HKSE:02198) 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.
Chinanjiang Fine Chemicals Co Quick Ratio Related Terms
Chinanjiang Fine Chemicals 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.
For the Chemicals subindustry, Chinanjiang Fine Chemicals 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.
Chinanjiang Fine Chemicals Co Quick Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Chinanjiang Fine Chemicals Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Chinanjiang Fine Chemicals Co's Quick Ratio falls into.
Chinanjiang Fine Chemicals 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.
Chinanjiang Fine Chemicals Co (HKSE:02198) has a Quick Ratio of 0.35 as of Dec. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Chinanjiang Fine Chemicals Co and its competitors. This is near median its historical median of 0.36. Over the past decade, Chinanjiang Fine Chemicals Co's Quick Ratio has ranged from 0.32 to 0.57. According to the industry distribution chart, Chinanjiang Fine Chemicals Co ranks #1531 out of 1608 companies in the Chemicals industry, placing it in the top 95.2%.
Is Chinanjiang Fine Chemicals Co's Quick Ratio too high?
Chinanjiang Fine Chemicals Co's current Quick Ratio of 0.35 is near median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 0.57. The Chemicals industry median Quick Ratio is 1.37. Chinanjiang Fine Chemicals Co's value of 0.35 is 74.5% below this industry median. Based on the distribution chart, Chinanjiang Fine Chemicals Co ranks #1531 out of 1608 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Chinanjiang Fine Chemicals Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chinanjiang Fine Chemicals Co's Quick Ratio compare to DOW?
According to the Chemicals industry distribution chart, Chinanjiang Fine Chemicals Co ranks #1531 out of 1608 companies for Quick Ratio. This places Chinanjiang Fine Chemicals Co in the lower half of its industry. The industry median Quick Ratio is 1.37. Chinanjiang Fine Chemicals Co's value of 0.35 is 74.5% below this benchmark. Historically, Chinanjiang Fine Chemicals Co's own Quick Ratio has ranged from 0.32 to 0.57 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 1.37, Chinanjiang Fine Chemicals Co 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 Chemicals company?
The median Quick Ratio among Chemicals companies is 1.37, based on 1,608 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. Chinanjiang Fine Chemicals Co's current Quick Ratio of 0.35 is 74.5% 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 Chinanjiang Fine Chemicals Co and its competitors. For the Chemicals industry, the median Quick Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chinanjiang Fine Chemicals Co's current Quick Ratio is 0.35, which is near median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chinanjiang Fine Chemicals Co stock overvalued right now?
Based on GuruFocus' analysis, Chinanjiang Fine Chemicals Co (HKSE:02198) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$2.56, compared to a current price of HK$3.53 — trading 37.7% above its estimated fair value. The current Quick Ratio is 0.35, which is near median its 10-year median of 0.36 and 74.5% below the Chemicals industry median of 1.37. Chinanjiang Fine Chemicals Co's overall GF Score™ is 73/100 with 7 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 Chinanjiang Fine Chemicals Co (HKSE:02198), the current Quick Ratio is 0.35 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 Chinanjiang Fine Chemicals Co (HKSE:02198) Overvalued in 2026?
Based on GuruFocus' analysis, Chinanjiang Fine Chemicals Co stock appears to be overvalued.
The current stock price of HK$3.53 is trading 37.7% above its estimated GF Value™ of HK$2.56.
GuruFocus considers Chinanjiang Fine Chemicals Co to be Significantly Overvalued.
Key valuation signals for HKSE:02198:
Quick Ratio: 0.35 (near median its 10-year median of 0.36)
GF Value™: HK$2.56 vs. price of HK$3.53 (37.7% above fair value)
Industry Position: 74.5% below the Chemicals median (#1531 of 1608)
No single metric tells the full story. See the HKSE:02198 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Sanjiang Fine Chemicals Co Ltd manufactures and supplies chemicals in China. The company's product portfolio includes ethylene oxide, ethylene glycol, propylene, polypropylene, methyl tert-butyl ether, and surfactants, and provides surfactant processing service. Besides, it also produces and distributes C4, crude pentene, and industrial gases, such as oxygen, nitrogen, and argon. It has a geographical presence in the Chinese mainland, Singapore, the United Arab Emirates, Hong Kong, and Others.
73GF Score
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