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Zhejiang Hangmin CoSHSE:600987 -1.82%79 Quick Ratio is 1.52 as of Mar. 2026, which is 38% below its 10-year median of 2.46. GuruFocus rates SHSE:600987 with a GF Score™ of 79/100 and a GF Value™ of ¥6.90 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,069 Manufacturing - Apparel & Accessories companies, Zhejiang Hangmin Co ranks better than 64.73% on this metric.
Zhejiang Hangmin Co has a quick ratio of 1.52. It generally indicates good short-term financial strength.
The historical rank and industry rank for Zhejiang Hangmin Co's Quick Ratio or its related term are showing as below:
SHSE:600987'
s Quick Ratio Range Over the Past 10 Years
Min: 1.37 Med: 2.46 Max: 3.53
Current: 1.52
During the past 13 years, Zhejiang Hangmin Co's highest Quick Ratio was 3.53. The lowest was 1.37. And the median was 2.46.
SHSE:600987's Quick Ratio is ranked better than 64.73% of 1069
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.11
vs SHSE:600987: 1.52
Zhejiang Hangmin Co (SHSE:600987) 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.
Zhejiang Hangmin Co Quick Ratio Related Terms
Zhejiang Hangmin Co Quick Ratio Historical Data
* Premium members only.
The historical data trend for Zhejiang Hangmin 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.
Zhejiang Hangmin Co Quick Ratio Competitor Comparison
For the Textile Manufacturing subindustry, Zhejiang Hangmin 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.
Zhejiang Hangmin Co Quick Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Hangmin Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Zhejiang Hangmin 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.
Zhejiang Hangmin Co'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.
Zhejiang Hangmin Co (SHSE:600987) has a Quick Ratio of 1.52 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Zhejiang Hangmin Co and its competitors. This is 38% below median its historical median of 2.46. Over the past decade, Zhejiang Hangmin Co's Quick Ratio has ranged from 1.37 to 3.53. According to the industry distribution chart, Zhejiang Hangmin Co ranks #377 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 35.3%.
Is Zhejiang Hangmin Co's Quick Ratio too high?
Zhejiang Hangmin Co's current Quick Ratio of 1.52 is 38% below median its 10-year median of 2.46. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 3.53. The Manufacturing - Apparel & Accessories industry median Quick Ratio is 1.11. Zhejiang Hangmin Co's value of 1.52 is 36.9% above this industry median. Based on the distribution chart, Zhejiang Hangmin Co ranks #377 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Zhejiang Hangmin Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Hangmin Co's Quick Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Zhejiang Hangmin Co ranks #377 out of 1069 companies for Quick Ratio. This puts Zhejiang Hangmin Co in the upper half of its industry. The industry median Quick Ratio is 1.11. Zhejiang Hangmin Co's value of 1.52 is 36.9% above this benchmark. Historically, Zhejiang Hangmin Co's own Quick Ratio has ranged from 1.37 to 3.53 over the past decade. While the company's 10-year median is 2.46 vs. the industry median of 1.11, Zhejiang Hangmin 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 1,069 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. Zhejiang Hangmin Co's current Quick Ratio of 1.52 is 36.9% 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 Zhejiang Hangmin 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. Zhejiang Hangmin Co's current Quick Ratio is 1.52, which is 38% below median its own 10-year median of 2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Hangmin Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Hangmin Co (SHSE:600987) is currently considered Fairly Valued. The stock's GF Value™ is ¥6.90, compared to a current price of ¥6.46 — trading 6.4% below its estimated fair value. The current Quick Ratio is 1.52, which is 38% below median its 10-year median of 2.46 and 36.9% above the Manufacturing - Apparel & Accessories industry median of 1.11. Zhejiang Hangmin Co'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 Zhejiang Hangmin Co (SHSE:600987), the current Quick Ratio is 1.52 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 Zhejiang Hangmin Co (SHSE:600987) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Hangmin Co stock appears to be undervalued.
The current stock price of ¥6.46 is trading 6.4% below its estimated GF Value™ of ¥6.90.
GuruFocus considers Zhejiang Hangmin Co to be Fairly Valued.
Key valuation signals for SHSE:600987:
Quick Ratio: 1.52 (38% below median its 10-year median of 2.46)
GF Value™: ¥6.90 vs. price of ¥6.46 (6.4% below fair value)
Industry Position: 36.9% above the Manufacturing - Apparel & Accessories median (#377 of 1069)
No single metric tells the full story. See the SHSE:600987 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Hangmin Co Ltd in China is engaged in the areas of printing, dyeing, weaving, marine logistics and the production of thermoelectricity business. It mainly produces and exports multi-fiber blended fabrics, high real textile fabrics and printed fabrics. The company's product sold throughout the country and exported to Southeast Asia, the Middle East, North America, the European Union, Hong Kong, Macao and Taiwan and other countries and regions.
79GF Score
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