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Hainan Mining CoSHSE:601969 -1.32%82 Quick Ratio is 0.93 as of Mar. 2026, which is 31% below its 10-year median of 1.34. GuruFocus rates SHSE:601969 with a GF Score™ of 82/100 and a GF Value™ of ¥8.59 (Fairly Valued). The stock has 5 warning signs investors should review. Among 634 Steel companies, Hainan Mining Co ranks worse than 54.57% on this metric.
Hainan Mining Co has a quick ratio of 0.93. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Hainan Mining Co's Quick Ratio or its related term are showing as below:
SHSE:601969'
s Quick Ratio Range Over the Past 10 Years
Min: 0.83 Med: 1.34 Max: 2.09
Current: 0.93
During the past 13 years, Hainan Mining Co's highest Quick Ratio was 2.09. The lowest was 0.83. And the median was 1.34.
SHSE:601969's Quick Ratio is ranked worse than 54.57% of 634
companies
in the Steel industry
Industry Median: 1.02
vs SHSE:601969: 0.93
Hainan Mining Co (SHSE:601969) 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.
Hainan Mining Co Quick Ratio Related Terms
Hainan Mining Co Quick Ratio Historical Data
* Premium members only.
The historical data trend for Hainan Mining 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.
SHSE:601969 vs NUE, STLD, RS: Quick Ratio Comparison
For the Steel subindustry, Hainan Mining 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.
Hainan Mining Co Quick Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Hainan Mining Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Hainan Mining 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.
Hainan Mining 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.
Hainan Mining Co (SHSE:601969) has a Quick Ratio of 0.93 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Hainan Mining Co and its competitors. This is 31% below median its historical median of 1.34. Over the past decade, Hainan Mining Co's Quick Ratio has ranged from 0.83 to 2.09. According to the industry distribution chart, Hainan Mining Co ranks #346 out of 634 companies in the Steel industry, placing it in the top 54.6%.
Is Hainan Mining Co's Quick Ratio too high?
Hainan Mining Co's current Quick Ratio of 0.93 is 31% below median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 2.09. The Steel industry median Quick Ratio is 1.02. Hainan Mining Co's value of 0.93 is 8.8% below this industry median. Based on the distribution chart, Hainan Mining Co ranks #346 out of 634 companies in the Steel industry, which is below the industry midpoint. Overall, Hainan Mining Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hainan Mining Co's Quick Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Hainan Mining Co ranks #346 out of 634 companies for Quick Ratio. This places Hainan Mining Co in the lower half of its industry. The industry median Quick Ratio is 1.02. Hainan Mining Co's value of 0.93 is 8.8% below this benchmark. Historically, Hainan Mining Co's own Quick Ratio has ranged from 0.83 to 2.09 over the past decade. While the company's 10-year median is 1.34 vs. the industry median of 1.02, Hainan Mining 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 Steel company?
The median Quick Ratio among Steel companies is 1.02, based on 634 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. Hainan Mining Co's current Quick Ratio of 0.93 is 8.8% 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 Hainan Mining Co and its competitors. For the Steel industry, the median Quick Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hainan Mining Co's current Quick Ratio is 0.93, which is 31% below median its own 10-year median of 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hainan Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Hainan Mining Co (SHSE:601969) is currently considered Fairly Valued. The stock's GF Value™ is ¥8.59, compared to a current price of ¥8.23 — trading 4.2% below its estimated fair value. The current Quick Ratio is 0.93, which is 31% below median its 10-year median of 1.34 and 8.8% below the Steel industry median of 1.02. Hainan Mining Co's overall GF Score™ is 82/100 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 Hainan Mining Co (SHSE:601969), the current Quick Ratio is 0.93 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 Hainan Mining Co (SHSE:601969) Overvalued in 2026?
Based on GuruFocus' analysis, Hainan Mining Co stock appears to be undervalued.
The current stock price of ¥8.23 is trading 4.2% below its estimated GF Value™ of ¥8.59.
GuruFocus considers Hainan Mining Co to be Fairly Valued.
Key valuation signals for SHSE:601969:
Quick Ratio: 0.93 (31% below median its 10-year median of 1.34)
GF Value™: ¥8.59 vs. price of ¥8.23 (4.2% below fair value)
Industry Position: 8.8% below the Steel median (#346 of 634)
No single metric tells the full story. See the SHSE:601969 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hainan Mining Co Ltd is a China-based company engages in the business of iron ore mining. It offers a range of product that is lump ore, fine ore, and iron fine powder to iron and steel companies. It holds an interest in Shilu, a multi-metal and non-metallic mineral deposit located in China.
82GF Score
Get the complete analysis for SHSE:601969
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