Kaneso CoNGO:5979 73 Quick Ratio is 12.29 as of Mar. 2026, which is 18% below its 10-year median of 15.02. GuruFocus rates NGO:5979 with a GF Score™ of 73/100 and a GF Value™ of 円4,621.89 (Fairly Valued). The stock has 6 warning signs investors should review. Among 634 Steel companies, Kaneso Co ranks better than 96.37% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Kaneso Co's quick ratio for the quarter that ended in Mar. 2026 was 12.29.
Kaneso Co has a quick ratio of 12.29. It generally indicates good short-term financial strength.
The historical rank and industry rank for Kaneso Co's Quick Ratio or its related term are showing as below:
NGO:5979'
s Quick Ratio Range Over the Past 10 Years
Min: 9.75 Med: 15.02 Max: 17.43
Current: 12.29
During the past 13 years, Kaneso Co's highest Quick Ratio was 17.43. The lowest was 9.75. And the median was 15.02.
NGO:5979's Quick Ratio is ranked better than 96.37% of 634
companies
in the Steel industry
Industry Median: 1.02
vs NGO:5979: 12.29
Kaneso Co (NGO:5979) 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.
Kaneso Co Quick Ratio Related Terms
Kaneso Co Quick Ratio Historical Data
* Premium members only.
The historical data trend for Kaneso Co'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.
For the Steel subindustry, Kaneso Co'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.
Kaneso Co Quick Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Kaneso Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Kaneso Co'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.
Kaneso Co's Quick Ratio for the fiscal year that ended in Mar. 2026 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.
Kaneso Co (NGO:5979) has a Quick Ratio of 12.29 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Kaneso Co and its competitors. This is 18% below median its historical median of 15.02. Over the past decade, Kaneso Co's Quick Ratio has ranged from 9.75 to 17.43. According to the industry distribution chart, Kaneso Co ranks #23 out of 634 companies in the Steel industry, placing it in the top 3.6%.
Is Kaneso Co's Quick Ratio too high?
Kaneso Co's current Quick Ratio of 12.29 is 18% below median its 10-year median of 15.02. Over the past 10 years, this metric has ranged from a low of 9.75 to a high of 17.43. The Steel industry median Quick Ratio is 1.02. Kaneso Co's value of 12.29 is 1104.9% above this industry median. Based on the distribution chart, Kaneso Co ranks #23 out of 634 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Kaneso Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kaneso Co's Quick Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Kaneso Co ranks #23 out of 634 companies for Quick Ratio. This places Kaneso Co in the top 4% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.02. Kaneso Co's value of 12.29 is 1104.9% above this benchmark. Historically, Kaneso Co's own Quick Ratio has ranged from 9.75 to 17.43 over the past decade. While the company's 10-year median is 15.02 vs. the industry median of 1.02, Kaneso 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 Steel company?
The median Quick Ratio among Steel companies is 1.02, based on 634 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. Kaneso Co's current Quick Ratio of 12.29 is 1104.9% 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 Kaneso Co and its competitors. For the Steel industry, the median Quick Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kaneso Co's current Quick Ratio is 12.29, which is 18% below median its own 10-year median of 15.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaneso Co stock overvalued right now?
Based on GuruFocus' analysis, Kaneso Co (NGO:5979) is currently considered Fairly Valued. The stock's GF Value™ is 円4,621.89, compared to a current price of 円5,070.00 — trading 9.7% above its estimated fair value. The current Quick Ratio is 12.29, which is 18% below median its 10-year median of 15.02 and 1104.9% above the Steel industry median of 1.02. Kaneso Co's overall GF Score™ is 73/100 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 Kaneso Co (NGO:5979), the current Quick Ratio is 12.29 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 Kaneso Co (NGO:5979) Overvalued in 2026?
Based on GuruFocus' analysis, Kaneso Co stock appears to be overvalued.
The current stock price of 円5,070.00 is trading 9.7% above its estimated GF Value™ of 円4,621.89.
GuruFocus considers Kaneso Co to be Fairly Valued.
Key valuation signals for NGO:5979:
Quick Ratio: 12.29 (18% below median its 10-year median of 15.02)
GF Value™: 円4,621.89 vs. price of 円5,070.00 (9.7% above fair value)
Industry Position: 1104.9% above the Steel median (#23 of 634)
No single metric tells the full story. See the NGO:5979 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kaneso Co Ltd is the manufacturer and seller of construction, disaster prevention, urban landscape development, environmental, welfare, greening-related products, and industrial castings. The company generates revenue from Cast iron equipment, Steel equipment, and Fabricated hardware.
73GF Score
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