China Southern Airlines CoSHSE:600029 -2.26%64 Quick Ratio is 0.26 as of Mar. 2026, which is 13% above its 10-year median of 0.23. GuruFocus rates SHSE:600029 with a GF Score™ of 64/100 and a GF Value™ of ¥6.31 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,002 Transportation companies, China Southern Airlines Co ranks worse than 96.51% on this metric.
China Southern Airlines Co has a quick ratio of 0.26. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for China Southern Airlines Co's Quick Ratio or its related term are showing as below:
SHSE:600029'
s Quick Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.23 Max: 0.39
Current: 0.26
During the past 13 years, China Southern Airlines Co's highest Quick Ratio was 0.39. The lowest was 0.15. And the median was 0.23.
SHSE:600029's Quick Ratio is ranked worse than 96.51% of 1002
companies
in the Transportation industry
Industry Median: 1.355
vs SHSE:600029: 0.26
China Southern Airlines Co (SHSE:600029) 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.
China Southern Airlines Co Quick Ratio Related Terms
China Southern Airlines 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.
SHSE:600029 vs DAL, UAL, LUV: Quick Ratio Comparison
For the Airlines subindustry, China Southern Airlines 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.
China Southern Airlines Co Quick Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, China Southern Airlines Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where China Southern Airlines Co's Quick Ratio falls into.
China Southern Airlines 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.
China Southern Airlines Co (SHSE:600029) has a Quick Ratio of 0.26 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on China Southern Airlines Co and its competitors. This is 13% above median its historical median of 0.23. Over the past decade, China Southern Airlines Co's Quick Ratio has ranged from 0.15 to 0.39. According to the industry distribution chart, China Southern Airlines Co ranks #967 out of 1002 companies in the Transportation industry, placing it in the top 96.5%.
Is China Southern Airlines Co's Quick Ratio too high?
China Southern Airlines Co's current Quick Ratio of 0.26 is 13% above median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.39. The Transportation industry median Quick Ratio is 1.36. China Southern Airlines Co's value of 0.26 is 80.8% below this industry median. Based on the distribution chart, China Southern Airlines Co ranks #967 out of 1002 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, China Southern Airlines Co has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Southern Airlines Co's Quick Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, China Southern Airlines Co ranks #967 out of 1002 companies for Quick Ratio. This places China Southern Airlines Co in the lower half of its industry. The industry median Quick Ratio is 1.36. China Southern Airlines Co's value of 0.26 is 80.8% below this benchmark. Historically, China Southern Airlines Co's own Quick Ratio has ranged from 0.15 to 0.39 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 1.36, China Southern Airlines Co has consistently been below 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 Transportation company?
The median Quick Ratio among Transportation companies is 1.36, based on 1,002 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. China Southern Airlines Co's current Quick Ratio of 0.26 is 80.8% below 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 China Southern Airlines Co and its competitors. For the Transportation industry, the median Quick Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Southern Airlines Co's current Quick Ratio is 0.26, which is 13% above median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Southern Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, China Southern Airlines Co (SHSE:600029) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.31, compared to a current price of ¥5.18 — trading 17.9% below its estimated fair value. The current Quick Ratio is 0.26, which is 13% above median its 10-year median of 0.23 and 80.8% below the Transportation industry median of 1.36. China Southern Airlines Co's overall GF Score™ is 64/100 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 China Southern Airlines Co (SHSE:600029), the current Quick Ratio is 0.26 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 China Southern Airlines Co (SHSE:600029) Overvalued in 2026?
Based on GuruFocus' analysis, China Southern Airlines Co stock appears to be undervalued.
The current stock price of ¥5.18 is trading 17.9% below its estimated GF Value™ of ¥6.31.
GuruFocus considers China Southern Airlines Co to be Modestly Undervalued.
Key valuation signals for SHSE:600029:
Quick Ratio: 0.26 (13% above median its 10-year median of 0.23)
GF Value™: ¥6.31 vs. price of ¥5.18 (17.9% below fair value)
Industry Position: 80.8% below the Transportation median (#967 of 1002)
No single metric tells the full story. See the SHSE:600029 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Southern Airlines Co Ltd is based in Guangzhou principally engaged in airline operations. The Group also operates certain airline-related businesses, including the provision of aircraft maintenance and air catering services. The Group has two reportable operating segments: airline transportation operations and other segments. Airline transportation operations comprise the Group's passenger and cargo, and mail operations. Other segments include cargo handling, hotel and tour operation, ground services, air catering services, and other miscellaneous services. Geographically, the company operates in the Domestic, Hong Kong, Macau, and Taiwan, and International markets.
64GF Score
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