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Top Spring International Holdings (HKSE:03688) 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.
Top Spring International Holdings Quick Ratio Related Terms
Top Spring 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.
Top Spring International Holdings Quick Ratio Chart
Top Spring International Holdings Quick Ratio Competitor Comparison
For the Real Estate - Development subindustry, Top Spring 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.
Top Spring International Holdings Quick Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Top Spring International Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Top Spring International Holdings's Quick Ratio falls into.
Top Spring 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.
Top Spring International Holdings (HKSE:03688) has a Quick Ratio of 0.66 as of Dec. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Top Spring International Holdings and its competitors. This is near median its historical median of 0.72. Over the past decade, Top Spring International Holdings' Quick Ratio has ranged from 0.49 to 1.58. According to the industry distribution chart, Top Spring International Holdings ranks #1030 out of 1798 companies in the Real Estate industry, placing it in the top 57.3%.
Is Top Spring International Holdings' Quick Ratio too high?
Top Spring International Holdings' current Quick Ratio of 0.66 is near median its 10-year median of 0.72. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 1.58. The Real Estate industry median Quick Ratio is 0.84. Top Spring International Holdings' value of 0.66 is 21.4% below this industry median. Based on the distribution chart, Top Spring International Holdings ranks #1030 out of 1798 companies in the Real Estate industry, which is below the industry midpoint. Overall, Top Spring International Holdings has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Top Spring International Holdings' Quick Ratio compare to competitors?
According to the Real Estate industry distribution chart, Top Spring International Holdings ranks #1030 out of 1798 companies for Quick Ratio. This places Top Spring International Holdings in the lower half of its industry. The industry median Quick Ratio is 0.84. Top Spring International Holdings' value of 0.66 is 21.4% below this benchmark. Historically, Top Spring International Holdings' own Quick Ratio has ranged from 0.49 to 1.58 over the past decade. While the company's 10-year median is 0.72 vs. the industry median of 0.84, Top Spring 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 Real Estate company?
The median Quick Ratio among Real Estate companies is 0.84, based on 1,798 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. Top Spring International Holdings's current Quick Ratio of 0.66 is 21.4% 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 Top Spring International Holdings and its competitors. For the Real Estate industry, the median Quick Ratio is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Spring International Holdings's current Quick Ratio is 0.66, which is near median its own 10-year median of 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Spring International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Top Spring International Holdings (HKSE:03688) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.36, compared to a current price of HK$0.19 — trading 47.2% below its estimated fair value. The current Quick Ratio is 0.66, which is near median its 10-year median of 0.72 and 21.4% below the Real Estate industry median of 0.84. Top Spring International Holdings' overall GF Score™ is 36/100 with 4 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 Top Spring International Holdings (HKSE:03688), the current Quick Ratio is 0.66 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 Top Spring International Holdings (HKSE:03688) Overvalued in 2026?
Based on GuruFocus' analysis, Top Spring International Holdings stock appears to be undervalued.
The current stock price of HK$0.19 is trading 47.2% below its estimated GF Value™ of HK$0.36.
GuruFocus considers Top Spring International Holdings to be Possible Value Trap.
Key valuation signals for HKSE:03688:
Quick Ratio: 0.66 (near median its 10-year median of 0.72)
GF Value™: HK$0.36 vs. price of HK$0.19 (47.2% below fair value)
Industry Position: 21.4% below the Real Estate median (#1030 of 1798)
No single metric tells the full story. See the HKSE:03688 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Top Spring International Holdings Ltd is an investment holding engaged in property development, property investment, property management and related services, and education-related services in the People's Republic of China. It generates the majority of its revenue from the Property development segment which develops and sells residential and commercial properties. Geographically the company has a presence in PRC, Hong Kong, and others, with key revenue coming from PRC.
36GF Score
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