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Chinaftower International Holding Group has a quick ratio of 0.23. It indicates that the company cannot currently fully pay back its current liabilities.
Chinaftower International Holding Group (HKSE:08623) 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.
Chinaftower International Holding Group Quick Ratio Related Terms
Chinaftower International Holding Group 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.
Chinaftower International Holding Group Quick Ratio Chart
Chinaftower International Holding Group Annual Data
HKSE:08623 vs VRT, BE, HUBB: Quick Ratio Comparison
For the Electrical Equipment & Parts subindustry, Chinaftower International Holding Group'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.
Chinaftower International Holding Group Quick Ratio vs Industrial Products Industry
Chinaftower International Holding Group 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.
Chinaftower International Holding Group (HKSE:08623) has a Quick Ratio of 0.23 as of Dec. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Chinaftower International Holding Group and its competitors. This is 72% below median its historical median of 0.81. Over the past decade, Chinaftower International Holding Group's Quick Ratio has ranged from 0.23 to 1.20. According to the industry distribution chart, Chinaftower International Holding Group ranks #3011 out of 3072 companies in the Industrial Products industry, placing it in the top 98%.
Is Chinaftower International Holding Group's Quick Ratio too high?
Chinaftower International Holding Group's current Quick Ratio of 0.23 is 72% below median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 1.20. The Industrial Products industry median Quick Ratio is 1.39. Chinaftower International Holding Group's value of 0.23 is 83.4% below this industry median. Based on the distribution chart, Chinaftower International Holding Group ranks #3011 out of 3072 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Chinaftower International Holding Group has a GF Score™ of 35/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chinaftower International Holding Group's Quick Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Chinaftower International Holding Group ranks #3011 out of 3072 companies for Quick Ratio. This places Chinaftower International Holding Group in the lower half of its industry. The industry median Quick Ratio is 1.39. Chinaftower International Holding Group's value of 0.23 is 83.4% below this benchmark. Historically, Chinaftower International Holding Group's own Quick Ratio has ranged from 0.23 to 1.20 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 1.39, Chinaftower International Holding Group 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 an Industrial Products company?
The median Quick Ratio among Industrial Products companies is 1.39, based on 3,072 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. Chinaftower International Holding Group's current Quick Ratio of 0.23 is 83.4% 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 Chinaftower International Holding Group and its competitors. For the Industrial Products industry, the median Quick Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chinaftower International Holding Group's current Quick Ratio is 0.23, which is 72% below median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chinaftower International Holding Group stock overvalued right now?
Based on GuruFocus' analysis, Chinaftower International Holding Group (HKSE:08623) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.09, compared to a current price of HK$0.11 — trading 25.6% above its estimated fair value. The current Quick Ratio is 0.23, which is 72% below median its 10-year median of 0.81 and 83.4% below the Industrial Products industry median of 1.39. Chinaftower International Holding Group's overall GF Score™ is 35/100 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 Chinaftower International Holding Group (HKSE:08623), the current Quick Ratio is 0.23 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 Chinaftower International Holding Group (HKSE:08623) Overvalued in 2026?
Based on GuruFocus' analysis, Chinaftower International Holding Group stock appears to be overvalued.
The current stock price of HK$0.11 is trading 25.6% above its estimated GF Value™ of HK$0.09.
GuruFocus considers Chinaftower International Holding Group to be Modestly Overvalued.
Key valuation signals for HKSE:08623:
Quick Ratio: 0.23 (72% below median its 10-year median of 0.81)
GF Value™: HK$0.09 vs. price of HK$0.11 (25.6% above fair value)
Industry Position: 83.4% below the Industrial Products median (#3011 of 3072)
No single metric tells the full story. See the HKSE:08623 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Saftower International Holding Group Ltd is an investment holding company. Principal activities of the Company are manufacturing and sales of wires and cables, and polymer cable materials. The Group is a regional manufacturer and supplier of wires and cables, with integrated production facilities. The Group has only one operating segment. Its products are Electric Cable (Copper Core PVC Insulated PVC Sheathed Flat Cable); Electric Cable (Aluminum Core PVC Insulated PVC Sheathed Flat Cable); Electrical Wiring and low smoke halogen-free flame-retardant fire-resistant electrical wire; Wire PVC insulated wire; Electric Cable PVC Insulated PVC Sheathed Cable; Electrical Wiring RVS -Copper Core PVC Insulated Stranded Flexible Wire for Connection; etc.
35GF Score
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