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Hebei Haiwei Electronic New Material Technology Co (HKSE:09609) 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.
Hebei Haiwei Electronic New Material Technology Co Quick Ratio Related Terms
Hebei Haiwei Electronic New Material Technology 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.
Hebei Haiwei Electronic New Material Technology Co Quick Ratio Chart
Hebei Haiwei Electronic New Material Technology Co Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Quick Ratio
0.91
3.57
6.40
18.07
Hebei Haiwei Electronic New Material Technology Co Semi-Annual Data
Dec22
Dec23
Dec24
Dec25
Quick Ratio
0.91
3.57
6.40
18.07
HKSE:09609 vs APH, GLW, TEL: Quick Ratio Comparison
* 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.
Hebei Haiwei Electronic New Material Technology Co Quick Ratio vs Hardware Industry
Hebei Haiwei Electronic New Material Technology 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.
Hebei Haiwei Electronic New Material Technology Co (HKSE:09609) has a Quick Ratio of 18.07 as of Dec. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Hebei Haiwei Electronic New Material Technology Co and its competitors. This is 262% above median its historical median of 4.99. Over the past decade, Hebei Haiwei Electronic New Material Technology Co's Quick Ratio has ranged from 0.91 to 18.07. According to the industry distribution chart, Hebei Haiwei Electronic New Material Technology Co ranks #33 out of 2497 companies in the Hardware industry, placing it in the top 1.3%.
Is Hebei Haiwei Electronic New Material Technology Co's Quick Ratio too high?
Hebei Haiwei Electronic New Material Technology Co's current Quick Ratio of 18.07 is 262% above median its 10-year median of 4.99. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 18.07. The Hardware industry median Quick Ratio is 1.42. Hebei Haiwei Electronic New Material Technology Co's value of 18.07 is 1172.5% above this industry median. Based on the distribution chart, Hebei Haiwei Electronic New Material Technology Co ranks #33 out of 2497 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Hebei Haiwei Electronic New Material Technology Co has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Hebei Haiwei Electronic New Material Technology Co's Quick Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Hebei Haiwei Electronic New Material Technology Co ranks #33 out of 2497 companies for Quick Ratio. This places Hebei Haiwei Electronic New Material Technology Co in the top 1% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.42. Hebei Haiwei Electronic New Material Technology Co's value of 18.07 is 1172.5% above this benchmark. Historically, Hebei Haiwei Electronic New Material Technology Co's own Quick Ratio has ranged from 0.91 to 18.07 over the past decade. While the company's 10-year median is 4.99 vs. the industry median of 1.42, Hebei Haiwei Electronic New Material Technology Co 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 Hardware company?
The median Quick Ratio among Hardware companies is 1.42, based on 2,497 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. Hebei Haiwei Electronic New Material Technology Co's current Quick Ratio of 18.07 is 1172.5% 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 Hebei Haiwei Electronic New Material Technology Co and its competitors. For the Hardware industry, the median Quick Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hebei Haiwei Electronic New Material Technology Co's current Quick Ratio is 18.07, which is 262% above median its own 10-year median of 4.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hebei Haiwei Electronic New Material Technology Co stock overvalued right now?
Hebei Haiwei Electronic New Material Technology Co (HKSE:09609) has a current Quick Ratio of 18.07. The current Quick Ratio is 18.07, which is 262% above median its 10-year median of 4.99 and 1172.5% above the Hardware industry median of 1.42. Hebei Haiwei Electronic New Material Technology Co's overall GF Score™ is 21/100 with 1 warning sign 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 Hebei Haiwei Electronic New Material Technology Co (HKSE:09609), the current Quick Ratio is 18.07 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.
Hebei Haiwei Electronic New Material Technology Co Ltd is a capacitor film manufacturer in China. Its capacitor film products include capacitor base films and metallized films. These products are key components of film capacitors, a type of capacitor known for its outstanding voltage resistance, high-frequency stability, and long lifespan. Film capacitors have a wide range of end-use application scenarios, including new energy vehicles, new energy power systems, industrial equipment, and household appliances. The company's customers include film capacitor manufacturers and BYD, a Chinese new energy vehicle company.
21GF Score
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