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Chenqi TechnologyHKSE:09680 11 Quick Ratio is 3.07 as of Dec. 2025, which is 582% above its 10-year median of 0.45. GuruFocus rates HKSE:09680 with a GF Score™ of 11/100. The stock has 2 warning signs investors should review. Among 1,096 Business Services companies, Chenqi Technology ranks better than 77.92% on this metric.
Chenqi Technology (HKSE:09680) 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.
Chenqi Technology Quick Ratio Related Terms
Chenqi Technology Quick Ratio Historical Data
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The historical data trend for Chenqi Technology'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:09680 vs URI, SUNB, AER: Quick Ratio Comparison
For the Rental & Leasing Services subindustry, Chenqi Technology'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.
Chenqi Technology Quick Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, Chenqi Technology's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Chenqi Technology'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.
Chenqi Technology'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.
Chenqi Technology (HKSE:09680) has a Quick Ratio of 3.07 as of Dec. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Chenqi Technology and its competitors. This is 582% above median its historical median of 0.45. Over the past decade, Chenqi Technology's Quick Ratio has ranged from 0.33 to 4.55. According to the industry distribution chart, Chenqi Technology ranks #242 out of 1096 companies in the Business Services industry, placing it in the top 22.1%.
Is Chenqi Technology's Quick Ratio too high?
Chenqi Technology's current Quick Ratio of 3.07 is 582% above median its 10-year median of 0.45. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 4.55. The Business Services industry median Quick Ratio is 1.67. Chenqi Technology's value of 3.07 is 83.8% above this industry median. Based on the distribution chart, Chenqi Technology ranks #242 out of 1096 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Chenqi Technology has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Chenqi Technology's Quick Ratio compare to URI and SUNB?
According to the Business Services industry distribution chart, Chenqi Technology ranks #242 out of 1096 companies for Quick Ratio. This places Chenqi Technology in the top 22% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.67. Chenqi Technology's value of 3.07 is 83.8% above this benchmark. Historically, Chenqi Technology's own Quick Ratio has ranged from 0.33 to 4.55 over the past decade. While the company's 10-year median is 0.45 vs. the industry median of 1.67, Chenqi Technology 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 Business Services company?
The median Quick Ratio among Business Services companies is 1.67, based on 1,096 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. Chenqi Technology's current Quick Ratio of 3.07 is 83.8% 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 Chenqi Technology and its competitors. For the Business Services industry, the median Quick Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chenqi Technology's current Quick Ratio is 3.07, which is 582% above median its own 10-year median of 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chenqi Technology stock overvalued right now?
Chenqi Technology (HKSE:09680) has a current Quick Ratio of 3.07. The current Quick Ratio is 3.07, which is 582% above median its 10-year median of 0.45 and 83.8% above the Business Services industry median of 1.67. Chenqi Technology's overall GF Score™ is 11/100 with 2 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 Chenqi Technology (HKSE:09680), the current Quick Ratio is 3.07 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.
Chenqi Technology Ltd a mobility service company in China offering ride-hailing services. It serves & connects various participants of the mobility industry, including the riders, drivers, automobile OEMs, vehicle service providers, & autonomous driving solution providers. The company operates three reportable segments: Mobility services business, Technology services business, and Fleet sale & maintenance business. Key revenue is generated from the Mobility services, which include the provision of ride-hailing services, Robotaxi services, hitch services, & other related services. The Technology Services include the provision of technology services. The Fleet sale & maintenance business includes the Sale of vehicles, provision of repair and maintenance services & other related services.
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