SHSE:600577's Quick Ratio is ranked worse than 59.1% of 3073
companies
in the Industrial Products industry
Industry Median: 1.39
vs SHSE:600577: 1.20
Tongling Jingda Special Magnet Wire Co (SHSE:600577) 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.
Tongling Jingda Special Magnet Wire Co Quick Ratio Related Terms
Tongling Jingda Special Magnet Wire 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.
Tongling Jingda Special Magnet Wire Co Quick Ratio Chart
Tongling Jingda Special Magnet Wire Co Annual Data
For the Electrical Equipment & Parts subindustry, Tongling Jingda Special Magnet Wire 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.
Tongling Jingda Special Magnet Wire Co Quick Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Tongling Jingda Special Magnet Wire Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Tongling Jingda Special Magnet Wire Co's Quick Ratio falls into.
Tongling Jingda Special Magnet Wire 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.
Tongling Jingda Special Magnet Wire Co (SHSE:600577) has a Quick Ratio of 1.20 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Tongling Jingda Special Magnet Wire Co and its competitors. This is 14% below median its historical median of 1.40. Over the past decade, Tongling Jingda Special Magnet Wire Co's Quick Ratio has ranged from 1.20 to 1.85. According to the industry distribution chart, Tongling Jingda Special Magnet Wire Co ranks #1816 out of 3073 companies in the Industrial Products industry, placing it in the top 59.1%.
Is Tongling Jingda Special Magnet Wire Co's Quick Ratio too high?
Tongling Jingda Special Magnet Wire Co's current Quick Ratio of 1.20 is 14% below median its 10-year median of 1.40. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 1.85. The Industrial Products industry median Quick Ratio is 1.39. Tongling Jingda Special Magnet Wire Co's value of 1.20 is 13.7% below this industry median. Based on the distribution chart, Tongling Jingda Special Magnet Wire Co ranks #1816 out of 3073 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Tongling Jingda Special Magnet Wire Co has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tongling Jingda Special Magnet Wire Co's Quick Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Tongling Jingda Special Magnet Wire Co ranks #1816 out of 3073 companies for Quick Ratio. This places Tongling Jingda Special Magnet Wire Co in the lower half of its industry. The industry median Quick Ratio is 1.39. Tongling Jingda Special Magnet Wire Co's value of 1.20 is 13.7% below this benchmark. Historically, Tongling Jingda Special Magnet Wire Co's own Quick Ratio has ranged from 1.20 to 1.85 over the past decade. While the company's 10-year median is 1.40 vs. the industry median of 1.39, Tongling Jingda Special Magnet Wire 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 an Industrial Products company?
The median Quick Ratio among Industrial Products companies is 1.39, based on 3,073 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. Tongling Jingda Special Magnet Wire Co's current Quick Ratio of 1.20 is 13.7% 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 Tongling Jingda Special Magnet Wire Co 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. Tongling Jingda Special Magnet Wire Co's current Quick Ratio is 1.20, which is 14% below median its own 10-year median of 1.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tongling Jingda Special Magnet Wire Co stock overvalued right now?
Based on GuruFocus' analysis, Tongling Jingda Special Magnet Wire Co (SHSE:600577) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥7.50, compared to a current price of ¥8.63 — trading 15.1% above its estimated fair value. The current Quick Ratio is 1.20, which is 14% below median its 10-year median of 1.40 and 13.7% below the Industrial Products industry median of 1.39. Tongling Jingda Special Magnet Wire Co's overall GF Score™ is 77/100 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 Tongling Jingda Special Magnet Wire Co (SHSE:600577), the current Quick Ratio is 1.20 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 Tongling Jingda Special Magnet Wire Co (SHSE:600577) Overvalued in 2026?
Based on GuruFocus' analysis, Tongling Jingda Special Magnet Wire Co stock appears to be overvalued.
The current stock price of ¥8.63 is trading 15.1% above its estimated GF Value™ of ¥7.50.
GuruFocus considers Tongling Jingda Special Magnet Wire Co to be Modestly Overvalued.
Key valuation signals for SHSE:600577:
Quick Ratio: 1.20 (14% below median its 10-year median of 1.40)
GF Value™: ¥7.50 vs. price of ¥8.63 (15.1% above fair value)
Industry Position: 13.7% below the Industrial Products median (#1816 of 3073)
No single metric tells the full story. See the SHSE:600577 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tongling Jingda Special Magnet Wire Co Business Description
Tongling Jingda Special Magnet Wire Co Ltd manufactures magnet wire. Its products include Magnet wire; Automobile wire; Special conductor; Rod material and Die.
77GF Score
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