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Nantong Acetic Acid Chemical Co (SHSE:603968) 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.
Nantong Acetic Acid Chemical Co Quick Ratio Related Terms
Nantong Acetic Acid Chemical 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.
SHSE:603968 vs LIN, SHW, ECL: Quick Ratio Comparison
For the Specialty Chemicals subindustry, Nantong Acetic Acid Chemical 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.
Nantong Acetic Acid Chemical Co Quick Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nantong Acetic Acid Chemical Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Nantong Acetic Acid Chemical Co's Quick Ratio falls into.
Nantong Acetic Acid Chemical 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.
Nantong Acetic Acid Chemical Co (SHSE:603968) has a Quick Ratio of 1.25 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Nantong Acetic Acid Chemical Co and its competitors. This is 42% below median its historical median of 2.15. Over the past decade, Nantong Acetic Acid Chemical Co's Quick Ratio has ranged from 1.25 to 2.95. According to the industry distribution chart, Nantong Acetic Acid Chemical Co ranks #863 out of 1606 companies in the Chemicals industry, placing it in the top 53.7%.
Is Nantong Acetic Acid Chemical Co's Quick Ratio too high?
Nantong Acetic Acid Chemical Co's current Quick Ratio of 1.25 is 42% below median its 10-year median of 2.15. Over the past 10 years, this metric has ranged from a low of 1.25 to a high of 2.95. The Chemicals industry median Quick Ratio is 1.37. Nantong Acetic Acid Chemical Co's value of 1.25 is 8.8% below this industry median. Based on the distribution chart, Nantong Acetic Acid Chemical Co ranks #863 out of 1606 companies in the Chemicals industry, which is below the industry midpoint. Overall, Nantong Acetic Acid Chemical Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nantong Acetic Acid Chemical Co's Quick Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nantong Acetic Acid Chemical Co ranks #863 out of 1606 companies for Quick Ratio. This places Nantong Acetic Acid Chemical Co in the lower half of its industry. The industry median Quick Ratio is 1.37. Nantong Acetic Acid Chemical Co's value of 1.25 is 8.8% below this benchmark. Historically, Nantong Acetic Acid Chemical Co's own Quick Ratio has ranged from 1.25 to 2.95 over the past decade. While the company's 10-year median is 2.15 vs. the industry median of 1.37, Nantong Acetic Acid Chemical 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 Chemicals company?
The median Quick Ratio among Chemicals companies is 1.37, based on 1,606 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. Nantong Acetic Acid Chemical Co's current Quick Ratio of 1.25 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 Nantong Acetic Acid Chemical Co and its competitors. For the Chemicals industry, the median Quick Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nantong Acetic Acid Chemical Co's current Quick Ratio is 1.25, which is 42% below median its own 10-year median of 2.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nantong Acetic Acid Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Nantong Acetic Acid Chemical Co (SHSE:603968) is currently considered Fairly Valued. The stock's GF Value™ is ¥10.31, compared to a current price of ¥10.24 — trading 0.7% below its estimated fair value. The current Quick Ratio is 1.25, which is 42% below median its 10-year median of 2.15 and 8.8% below the Chemicals industry median of 1.37. Nantong Acetic Acid Chemical Co's overall GF Score™ is 61/100 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 Nantong Acetic Acid Chemical Co (SHSE:603968), the current Quick Ratio is 1.25 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 Nantong Acetic Acid Chemical Co (SHSE:603968) Overvalued in 2026?
Based on GuruFocus' analysis, Nantong Acetic Acid Chemical Co stock appears to be undervalued.
The current stock price of ¥10.24 is trading 0.7% below its estimated GF Value™ of ¥10.31.
GuruFocus considers Nantong Acetic Acid Chemical Co to be Fairly Valued.
Key valuation signals for SHSE:603968:
Quick Ratio: 1.25 (42% below median its 10-year median of 2.15)
GF Value™: ¥10.31 vs. price of ¥10.24 (0.7% below fair value)
Industry Position: 8.8% below the Chemicals median (#863 of 1606)
No single metric tells the full story. See the SHSE:603968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nantong Acetic Acid Chemical Co Ltd deals in food and feed additives, pharmaceutical and pesticide intermediates, dye and pigment intermediates, and organic chemical raw materials. The product portfolio includes - sorbic acid, potassium sorbate, dehydroacetic acid, nicotinic acid, clopidol, methyl acetoacetate, acetoacetanilide, and others.
61GF Score
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