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HashKey HoldingsHKSE:03887 +0.58%11 Quick Ratio is 3.37 as of Dec. 2025, which is 435% above its 10-year median of 0.63. GuruFocus rates HKSE:03887 with a GF Score™ of 11/100. The stock has 5 warning signs investors should review. Among 683 Capital Markets companies, HashKey Holdings ranks better than 58.27% on this metric.
HashKey Holdings (HKSE:03887) 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.
HashKey Holdings Quick Ratio Related Terms
HashKey Holdings Quick Ratio Historical Data
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The historical data trend for HashKey Holdings'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:03887 vs SPGI, CME, ICE: Quick Ratio Comparison
For the Financial Data & Stock Exchanges subindustry, HashKey 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.
HashKey Holdings Quick Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, HashKey Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where HashKey Holdings'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.
HashKey Holdings'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.
HashKey Holdings (HKSE:03887) has a Quick Ratio of 3.37 as of Dec. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on HashKey Holdings and its competitors. This is 435% above median its historical median of 0.63. Over the past decade, HashKey Holdings' Quick Ratio has ranged from 0.39 to 3.37. According to the industry distribution chart, HashKey Holdings ranks #285 out of 683 companies in the Capital Markets industry, placing it in the top 41.7%.
Is HashKey Holdings' Quick Ratio too high?
HashKey Holdings' current Quick Ratio of 3.37 is 435% above median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 3.37. The Capital Markets industry median Quick Ratio is 2.05. HashKey Holdings' value of 3.37 is 64.4% above this industry median. Based on the distribution chart, HashKey Holdings ranks #285 out of 683 companies in the Capital Markets industry, which is above the industry midpoint. Overall, HashKey Holdings has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does HashKey Holdings' Quick Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, HashKey Holdings ranks #285 out of 683 companies for Quick Ratio. This puts HashKey Holdings in the upper half of its industry. The industry median Quick Ratio is 2.05. HashKey Holdings' value of 3.37 is 64.4% above this benchmark. Historically, HashKey Holdings' own Quick Ratio has ranged from 0.39 to 3.37 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 2.05, HashKey Holdings has consistently been above 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 Capital Markets company?
The median Quick Ratio among Capital Markets companies is 2.05, based on 683 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. HashKey Holdings's current Quick Ratio of 3.37 is 64.4% above 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 HashKey Holdings and its competitors. For the Capital Markets industry, the median Quick Ratio is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HashKey Holdings's current Quick Ratio is 3.37, which is 435% 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 HashKey Holdings stock overvalued right now?
HashKey Holdings (HKSE:03887) has a current Quick Ratio of 3.37. The current Quick Ratio is 3.37, which is 435% above median its 10-year median of 0.63 and 64.4% above the Capital Markets industry median of 2.05. HashKey Holdings' overall GF Score™ is 11/100 with 5 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 HashKey Holdings (HKSE:03887), the current Quick Ratio is 3.37 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.
HashKey Holdings Ltd is an investment holding company, principally engaged in digital asset exchange custody, asset management, and related blockchain infrastructure services. The Group's business includes licensed digital asset trading platforms, brokerage services, custody solutions, asset management products, and technology services provided to institutional and professional clients. The company's business segments are: Transaction facilitation services, On-chain services, and Asset management services. It derived the majority of revenue from the Transaction facilitation services segment, covering digital asset exchange services, brokerage services, and custody services. Geographically, it derived the maximum revenue from Hong Kong.
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