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Wuxi New Hongtai Electrical Technology Co (SHSE:603016) 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.
Wuxi New Hongtai Electrical Technology Co Quick Ratio Related Terms
Wuxi New Hongtai Electrical Technology 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.
Wuxi New Hongtai Electrical Technology Co Quick Ratio Chart
Wuxi New Hongtai Electrical Technology Co Annual Data
SHSE:603016 vs APH, GLW, TEL: Quick Ratio Comparison
For the Electronic Components subindustry, Wuxi New Hongtai Electrical Technology 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.
Wuxi New Hongtai Electrical Technology Co Quick Ratio vs Hardware Industry
Wuxi New Hongtai Electrical Technology 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.
Wuxi New Hongtai Electrical Technology Co (SHSE:603016) has a Quick Ratio of 4.74 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Wuxi New Hongtai Electrical Technology Co and its competitors. This is near median its historical median of 4.96. Over the past decade, Wuxi New Hongtai Electrical Technology Co's Quick Ratio has ranged from 3.43 to 8.56. According to the industry distribution chart, Wuxi New Hongtai Electrical Technology Co ranks #272 out of 2496 companies in the Hardware industry, placing it in the top 10.9%.
Is Wuxi New Hongtai Electrical Technology Co's Quick Ratio too high?
Wuxi New Hongtai Electrical Technology Co's current Quick Ratio of 4.74 is near median its 10-year median of 4.96. Over the past 10 years, this metric has ranged from a low of 3.43 to a high of 8.56. The Hardware industry median Quick Ratio is 1.43. Wuxi New Hongtai Electrical Technology Co's value of 4.74 is 232.6% above this industry median. Based on the distribution chart, Wuxi New Hongtai Electrical Technology Co ranks #272 out of 2496 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Wuxi New Hongtai Electrical Technology Co has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Wuxi New Hongtai Electrical Technology Co's Quick Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Wuxi New Hongtai Electrical Technology Co ranks #272 out of 2496 companies for Quick Ratio. This places Wuxi New Hongtai Electrical Technology Co in the top 11% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.43. Wuxi New Hongtai Electrical Technology Co's value of 4.74 is 232.6% above this benchmark. Historically, Wuxi New Hongtai Electrical Technology Co's own Quick Ratio has ranged from 3.43 to 8.56 over the past decade. While the company's 10-year median is 4.96 vs. the industry median of 1.43, Wuxi New Hongtai Electrical Technology 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 Hardware company?
The median Quick Ratio among Hardware companies is 1.43, based on 2,496 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. Wuxi New Hongtai Electrical Technology Co's current Quick Ratio of 4.74 is 232.6% 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 Wuxi New Hongtai Electrical Technology Co and its competitors. For the Hardware industry, the median Quick Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wuxi New Hongtai Electrical Technology Co's current Quick Ratio is 4.74, which is near median its own 10-year median of 4.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wuxi New Hongtai Electrical Technology Co stock overvalued right now?
Wuxi New Hongtai Electrical Technology Co (SHSE:603016) has a current Quick Ratio of 4.74. The current Quick Ratio is 4.74, which is near median its 10-year median of 4.96 and 232.6% above the Hardware industry median of 1.43. Wuxi New Hongtai Electrical Technology Co's overall GF Score™ is 54/100 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 Wuxi New Hongtai Electrical Technology Co (SHSE:603016), the current Quick Ratio is 4.74 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.
Wuxi New Hongtai Electrical Technology Co Ltd is engaged in the development, production, and sale of electronic components including circuit breakers, low-voltage circuit breakers and fuse switch knife. Its main products include low voltage circuit breakers and circuit breakers, BMC/SMC molded insulating materials and products, micro motors and electric operating mechanisms, knife fuse switches.
54GF Score
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