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What is Jiangsu New Energy Development Co Quick Ratio?
Jiangsu New Energy Development CoSHSE:603693 -0.08%76 Quick Ratio is 2.29 as of Mar. 2026, which is 1% below its 10-year median of 2.31. GuruFocus rates SHSE:603693 with a GF Score™ of 76/100 and a GF Value™ of ¥12.19 (Fairly Valued). The stock has 7 warning signs investors should review. Among 450 Utilities - Independent Power Producers companies, Jiangsu New Energy Development Co ranks better than 77.78% on this metric.
SHSE:603693'
s Quick Ratio Range Over the Past 10 Years
Min: 0.83 Med: 2.31 Max: 4.49
Current: 2.29
During the past 13 years, Jiangsu New Energy Development Co's highest Quick Ratio was 4.49. The lowest was 0.83. And the median was 2.31.
SHSE:603693's Quick Ratio is ranked better than 77.78% of 450
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.225
vs SHSE:603693: 2.29
Jiangsu New Energy Development Co (SHSE:603693) 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.
Jiangsu New Energy Development Co Quick Ratio Related Terms
Jiangsu New Energy Development 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.
Jiangsu New Energy Development Co Quick Ratio Chart
Jiangsu New Energy Development Co Quick Ratio Competitor Comparison
For the Utilities - Renewable subindustry, Jiangsu New Energy Development 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.
Jiangsu New Energy Development Co Quick Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Jiangsu New Energy Development Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Jiangsu New Energy Development Co's Quick Ratio falls into.
Jiangsu New Energy Development 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.
Jiangsu New Energy Development Co (SHSE:603693) has a Quick Ratio of 2.29 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Jiangsu New Energy Development Co and its competitors. This is near median its historical median of 2.31. Over the past decade, Jiangsu New Energy Development Co's Quick Ratio has ranged from 0.83 to 4.49. According to the industry distribution chart, Jiangsu New Energy Development Co ranks #100 out of 450 companies in the Utilities - Independent Power Producers industry, placing it in the top 22.2%.
Is Jiangsu New Energy Development Co's Quick Ratio too high?
Jiangsu New Energy Development Co's current Quick Ratio of 2.29 is near median its 10-year median of 2.31. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 4.49. The Utilities - Independent Power Producers industry median Quick Ratio is 1.23. Jiangsu New Energy Development Co's value of 2.29 is 86.9% above this industry median. Based on the distribution chart, Jiangsu New Energy Development Co ranks #100 out of 450 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Jiangsu New Energy Development Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu New Energy Development Co's Quick Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Jiangsu New Energy Development Co ranks #100 out of 450 companies for Quick Ratio. This places Jiangsu New Energy Development Co in the top 22% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.23. Jiangsu New Energy Development Co's value of 2.29 is 86.9% above this benchmark. Historically, Jiangsu New Energy Development Co's own Quick Ratio has ranged from 0.83 to 4.49 over the past decade. While the company's 10-year median is 2.31 vs. the industry median of 1.23, Jiangsu New Energy Development 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 an Utilities - Independent Power Producers company?
The median Quick Ratio among Utilities - Independent Power Producers companies is 1.23, based on 450 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. Jiangsu New Energy Development Co's current Quick Ratio of 2.29 is 86.9% 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 Jiangsu New Energy Development Co and its competitors. For the Utilities - Independent Power Producers industry, the median Quick Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsu New Energy Development Co's current Quick Ratio is 2.29, which is near median its own 10-year median of 2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu New Energy Development Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu New Energy Development Co (SHSE:603693) is currently considered Fairly Valued. The stock's GF Value™ is ¥12.19, compared to a current price of ¥12.40 — trading 1.7% above its estimated fair value. The current Quick Ratio is 2.29, which is near median its 10-year median of 2.31 and 86.9% above the Utilities - Independent Power Producers industry median of 1.23. Jiangsu New Energy Development Co's overall GF Score™ is 76/100 with 7 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 Jiangsu New Energy Development Co (SHSE:603693), the current Quick Ratio is 2.29 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 Jiangsu New Energy Development Co (SHSE:603693) Overvalued in 2026?
Based on GuruFocus' analysis, Jiangsu New Energy Development Co stock appears to be overvalued.
The current stock price of ¥12.40 is trading 1.7% above its estimated GF Value™ of ¥12.19.
GuruFocus considers Jiangsu New Energy Development Co to be Fairly Valued.
Key valuation signals for SHSE:603693:
Quick Ratio: 2.29 (near median its 10-year median of 2.31)
GF Value™: ¥12.19 vs. price of ¥12.40 (1.7% above fair value)
Industry Position: 86.9% above the Utilities - Independent Power Producers median (#100 of 450)
No single metric tells the full story. See the SHSE:603693 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jiangsu New Energy Development Co Ltd operates in the energy industry. It is engaged in the development of wind energy, solar energy, and biomass energy projects. The company is also engaged in the design and manufacture of high-power offshore wind turbines, offshore engineering equipment, and sales of ancillary products.
76GF Score
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