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Ping An Biomedical CoPASW -6.49%17 Quick Ratio is 2.74 as of Sep. 2025, which is 219% above its 10-year median of 0.86. GuruFocus rates PASW with a GF Score™ of 17/100. The stock has 3 warning signs investors should review. Among 1,066 Manufacturing - Apparel & Accessories companies, Ping An Biomedical Co ranks better than 83.11% on this metric.
Ping An Biomedical Co (NAS:PASW) 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.
Ping An Biomedical Co Quick Ratio Related Terms
Ping An Biomedical Co Quick Ratio Historical Data
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The historical data trend for Ping An Biomedical 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 Textile Manufacturing subindustry, Ping An Biomedical 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.
Ping An Biomedical Co Quick Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ping An Biomedical Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Ping An Biomedical 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.
Ping An Biomedical Co's Quick Ratio for the fiscal year that ended in Sep. 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.
Ping An Biomedical Co (PASW) has a Quick Ratio of 2.74 as of Sep. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Ping An Biomedical Co and its competitors. This is 219% above median its historical median of 0.86. Over the past decade, Ping An Biomedical Co's Quick Ratio has ranged from 0.72 to 2.74. According to the industry distribution chart, Ping An Biomedical Co ranks #180 out of 1066 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 16.9%.
Is Ping An Biomedical Co's Quick Ratio too high?
Ping An Biomedical Co's current Quick Ratio of 2.74 is 219% above median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 2.74. The Manufacturing - Apparel & Accessories industry median Quick Ratio is 1.11. Ping An Biomedical Co's value of 2.74 is 146.8% above this industry median. Based on the distribution chart, Ping An Biomedical Co ranks #180 out of 1066 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Ping An Biomedical Co has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Ping An Biomedical Co's Quick Ratio compare to DXYN and CULP?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Ping An Biomedical Co ranks #180 out of 1066 companies for Quick Ratio. This places Ping An Biomedical Co in the top 17% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.11. Ping An Biomedical Co's value of 2.74 is 146.8% above this benchmark. Historically, Ping An Biomedical Co's own Quick Ratio has ranged from 0.72 to 2.74 over the past decade. While the company's 10-year median is 0.86 vs. the industry median of 1.11, Ping An Biomedical 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 Manufacturing - Apparel & Accessories company?
The median Quick Ratio among Manufacturing - Apparel & Accessories companies is 1.11, based on 1,066 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. Ping An Biomedical Co's current Quick Ratio of 2.74 is 146.8% 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 Ping An Biomedical Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Quick Ratio is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ping An Biomedical Co's current Quick Ratio is 2.74, which is 219% above median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ping An Biomedical Co stock overvalued right now?
Ping An Biomedical Co (PASW) has a current Quick Ratio of 2.74. The current Quick Ratio is 2.74, which is 219% above median its 10-year median of 0.86 and 146.8% above the Manufacturing - Apparel & Accessories industry median of 1.11. Ping An Biomedical Co's overall GF Score™ is 17/100 with 3 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 Ping An Biomedical Co (PASW), the current Quick Ratio is 2.74 as of Sep. 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.
Ping An Biomedical Co Ltd formerly Majestic Ideal Holdings Ltd is a Cayman Islands-based holding company, conducting operations through its PRC subsidiary, NewBrand. The group is a provider of SCM services in the apparel industry, offering solutions for a broad range of yarn products, textiles, and finished garments. Its service offerings encompass every key aspect of the supply chain of textile products, such as market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management. The group has two reportable segments, yarns and finished garments. The majority of its revenue is generated from the sale of yarns, including pure cashmere and cashmere-mix yarn, merino wool, cotton, and fancy yarn.
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