NEL ASANLLSY 79 Quick Ratio is 2.96 as of Mar. 2026, which is 19% below its 10-year median of 3.65. GuruFocus rates NLLSY with a GF Score™ of 79/100 and a GF Value™ of $8.22 (Fairly Valued). The stock has 5 warning signs investors should review. Among 3,079 Industrial Products companies, NEL ASA ranks better than 83.01% 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. NEL ASA's quick ratio for the quarter that ended in Mar. 2026 was 2.96.
NEL ASA has a quick ratio of 2.96. It generally indicates good short-term financial strength.
The historical rank and industry rank for NEL ASA's Quick Ratio or its related term are showing as below:
NLLSY'
s Quick Ratio Range Over the Past 10 Years
Min: 1.2 Med: 3.65 Max: 10.83
Current: 2.96
During the past 13 years, NEL ASA's highest Quick Ratio was 10.83. The lowest was 1.20. And the median was 3.65.
NLLSY's Quick Ratio is ranked better than 83.01% of 3079
companies
in the Industrial Products industry
Industry Median: 1.39
vs NLLSY: 2.96
NEL ASA (OTCPK:NLLSY) 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.
NEL ASA Quick Ratio Related Terms
NEL ASA Quick Ratio Historical Data
* Premium members only.
The historical data trend for NEL ASA'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 Specialty Industrial Machinery subindustry, NEL ASA'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.
NEL ASA Quick Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, NEL ASA's Quick Ratio distribution charts can be found below:
* The bar in red indicates where NEL ASA'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.
NEL ASA'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.
NEL ASA (NLLSY) has a Quick Ratio of 2.96 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on NEL ASA and its competitors. This is 19% below median its historical median of 3.65. Over the past decade, NEL ASA's Quick Ratio has ranged from 1.20 to 10.83. According to the industry distribution chart, NEL ASA ranks #523 out of 3079 companies in the Industrial Products industry, placing it in the top 17%.
Is NEL ASA's Quick Ratio too high?
NEL ASA's current Quick Ratio of 2.96 is 19% below median its 10-year median of 3.65. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 10.83. The Industrial Products industry median Quick Ratio is 1.39. NEL ASA's value of 2.96 is 112.9% above this industry median. Based on the distribution chart, NEL ASA ranks #523 out of 3079 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, NEL ASA has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NEL ASA's Quick Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, NEL ASA ranks #523 out of 3079 companies for Quick Ratio. This places NEL ASA in the top 17% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.39. NEL ASA's value of 2.96 is 112.9% above this benchmark. Historically, NEL ASA's own Quick Ratio has ranged from 1.20 to 10.83 over the past decade. While the company's 10-year median is 3.65 vs. the industry median of 1.39, NEL ASA 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 an Industrial Products company?
The median Quick Ratio among Industrial Products companies is 1.39, based on 3,079 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. NEL ASA's current Quick Ratio of 2.96 is 112.9% 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 NEL ASA 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. NEL ASA's current Quick Ratio is 2.96, which is 19% below median its own 10-year median of 3.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEL ASA stock overvalued right now?
Based on GuruFocus' analysis, NEL ASA (NLLSY) is currently considered Fairly Valued. The stock's GF Value™ is $8.22, compared to a current price of $7.76 — trading 5.6% below its estimated fair value. The current Quick Ratio is 2.96, which is 19% below median its 10-year median of 3.65 and 112.9% above the Industrial Products industry median of 1.39. NEL ASA's overall GF Score™ is 79/100 with 5 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 NEL ASA (NLLSY), the current Quick Ratio is 2.96 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 NEL ASA (NLLSY) Overvalued in 2026?
Based on GuruFocus' analysis, NEL ASA stock appears to be undervalued.
The current stock price of $7.76 is trading 5.6% below its estimated GF Value™ of $8.22.
GuruFocus considers NEL ASA to be Fairly Valued.
Key valuation signals for NLLSY:
Quick Ratio: 2.96 (19% below median its 10-year median of 3.65)
GF Value™: $8.22 vs. price of $7.76 (5.6% below fair value)
Industry Position: 112.9% above the Industrial Products median (#523 of 3079)
No single metric tells the full story. See the NLLSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NEL ASA is a hydrogen company delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. It serves industries, energy, and gas companies with hydrogen technology. The company's hydrogen solutions cover the entire value chain from hydrogen production technologies to the manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles. The company's segments include Nel Alkaline Electrolyser and Nel PEM Electrolyser. It generates maximum revenue from the Nel Alkaline Electrolyser. Nel Alkaline Electrolyser is a supplier of hydrogen production equipment based on alkaline water electrolysis technology.
79GF Score
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