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Smart City Development Holdings (HKSE:08268) 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.
Smart City Development Holdings Quick Ratio Related Terms
Smart City Development 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.
HKSE:08268 vs PWR, FIX, EME: Quick Ratio Comparison
For the Engineering & Construction subindustry, Smart City Development 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.
Smart City Development Holdings Quick Ratio vs Construction Industry
For the Construction industry and Industrials sector, Smart City Development Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Smart City Development Holdings's Quick Ratio falls into.
Smart City Development 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.
Smart City Development Holdings (HKSE:08268) has a Quick Ratio of 1.34 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Smart City Development Holdings and its competitors. This is near median its historical median of 1.27. Over the past decade, Smart City Development Holdings' Quick Ratio has ranged from 1.10 to 1.60. According to the industry distribution chart, Smart City Development Holdings ranks #837 out of 1792 companies in the Construction industry, placing it in the top 46.7%.
Is Smart City Development Holdings' Quick Ratio too high?
Smart City Development Holdings' current Quick Ratio of 1.34 is near median its 10-year median of 1.27. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 1.60. The Construction industry median Quick Ratio is 1.29. Smart City Development Holdings' value of 1.34 is 3.9% above this industry median. Based on the distribution chart, Smart City Development Holdings ranks #837 out of 1792 companies in the Construction industry, which is above the industry midpoint. Overall, Smart City Development Holdings has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Smart City Development Holdings' Quick Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Smart City Development Holdings ranks #837 out of 1792 companies for Quick Ratio. This puts Smart City Development Holdings in the upper half of its industry. The industry median Quick Ratio is 1.29. Smart City Development Holdings' value of 1.34 is 3.9% above this benchmark. Historically, Smart City Development Holdings' own Quick Ratio has ranged from 1.10 to 1.60 over the past decade. While the company's 10-year median is 1.27 vs. the industry median of 1.29, Smart City Development 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 Construction company?
The median Quick Ratio among Construction companies is 1.29, based on 1,792 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. Smart City Development Holdings's current Quick Ratio of 1.34 is 3.9% 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 Smart City Development Holdings and its competitors. For the Construction industry, the median Quick Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart City Development Holdings's current Quick Ratio is 1.34, which is near median its own 10-year median of 1.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart City Development Holdings stock overvalued right now?
Based on GuruFocus' analysis, Smart City Development Holdings (HKSE:08268) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.37, compared to a current price of HK$0.19 — trading 48.6% below its estimated fair value. The current Quick Ratio is 1.34, which is near median its 10-year median of 1.27 and 3.9% above the Construction industry median of 1.29. Smart City Development Holdings' overall GF Score™ is 39/100 with 6 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 Smart City Development Holdings (HKSE:08268), the current Quick Ratio is 1.34 as of Mar. 2026. 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 Smart City Development Holdings (HKSE:08268) Overvalued in 2026?
Based on GuruFocus' analysis, Smart City Development Holdings stock appears to be undervalued.
The current stock price of HK$0.19 is trading 48.6% below its estimated GF Value™ of HK$0.37.
GuruFocus considers Smart City Development Holdings to be Possible Value Trap.
Key valuation signals for HKSE:08268:
Quick Ratio: 1.34 (near median its 10-year median of 1.27)
GF Value™: HK$0.37 vs. price of HK$0.19 (48.6% below fair value)
Industry Position: 3.9% above the Construction median (#837 of 1792)
No single metric tells the full story. See the HKSE:08268 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smart City Development Holdings Ltd is involved in securities investment, money lending, property investment and construction business sectors. The company has four segments: the construction segment, which is the key revenue-generating business, involves various processes including, building construction works, electrical and mechanical engineering works and fitting-out works; the securities investment segment is engaged in investment in securities; the property investment business segment is engaged in the holding of investment properties; and the money lending business segment. It has a business presence in Hong Kong and Mainland China.
39GF Score
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