Assure Tech (Hangzhou) Co has a quick ratio of 8.61. It generally indicates good short-term financial strength.
The historical rank and industry rank for Assure Tech (Hangzhou) Co's Quick Ratio or its related term are showing as below:
SHSE:688075'
s Quick Ratio Range Over the Past 10 Years
Min: 0.92 Med: 4.65 Max: 11.28
Current: 8.61
During the past 9 years, Assure Tech (Hangzhou) Co's highest Quick Ratio was 11.28. The lowest was 0.92. And the median was 4.65.
SHSE:688075's Quick Ratio is ranked better than 74.24% of 1409
companies
in the Biotechnology industry
Industry Median: 3.6
vs SHSE:688075: 8.61
Assure Tech (Hangzhou) Co (SHSE:688075) 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.
Assure Tech (Hangzhou) Co Quick Ratio Related Terms
Assure Tech (Hangzhou) 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:688075 vs VRTX, REGN, ALNY: Quick Ratio Comparison
For the Biotechnology subindustry, Assure Tech (Hangzhou) 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.
Assure Tech (Hangzhou) Co Quick Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Assure Tech (Hangzhou) Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Assure Tech (Hangzhou) 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.
Assure Tech (Hangzhou) 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.
Assure Tech (Hangzhou) Co (SHSE:688075) has a Quick Ratio of 8.61 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Assure Tech (Hangzhou) Co and its competitors. This is 85% above median its historical median of 4.65. Over the past decade, Assure Tech (Hangzhou) Co's Quick Ratio has ranged from 0.92 to 11.28. According to the industry distribution chart, Assure Tech (Hangzhou) Co ranks #363 out of 1409 companies in the Biotechnology industry, placing it in the top 25.8%.
Is Assure Tech (Hangzhou) Co's Quick Ratio too high?
Assure Tech (Hangzhou) Co's current Quick Ratio of 8.61 is 85% above median its 10-year median of 4.65. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 11.28. The Biotechnology industry median Quick Ratio is 3.60. Assure Tech (Hangzhou) Co's value of 8.61 is 139.2% above this industry median. Based on the distribution chart, Assure Tech (Hangzhou) Co ranks #363 out of 1409 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Assure Tech (Hangzhou) Co has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Assure Tech (Hangzhou) Co's Quick Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Assure Tech (Hangzhou) Co ranks #363 out of 1409 companies for Quick Ratio. This puts Assure Tech (Hangzhou) Co in the upper half of its industry. The industry median Quick Ratio is 3.60. Assure Tech (Hangzhou) Co's value of 8.61 is 139.2% above this benchmark. Historically, Assure Tech (Hangzhou) Co's own Quick Ratio has ranged from 0.92 to 11.28 over the past decade. While the company's 10-year median is 4.65 vs. the industry median of 3.60, Assure Tech (Hangzhou) 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 Biotechnology company?
The median Quick Ratio among Biotechnology companies is 3.60, based on 1,409 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. Assure Tech (Hangzhou) Co's current Quick Ratio of 8.61 is 139.2% 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 Assure Tech (Hangzhou) Co and its competitors. For the Biotechnology industry, the median Quick Ratio is 3.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Assure Tech (Hangzhou) Co's current Quick Ratio is 8.61, which is 85% above median its own 10-year median of 4.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Assure Tech (Hangzhou) Co stock overvalued right now?
Based on GuruFocus' analysis, Assure Tech (Hangzhou) Co (SHSE:688075) is currently considered Fairly Valued. The stock's GF Value™ is ¥28.55, compared to a current price of ¥30.05 — trading 5.3% above its estimated fair value. The current Quick Ratio is 8.61, which is 85% above median its 10-year median of 4.65 and 139.2% above the Biotechnology industry median of 3.60. Assure Tech (Hangzhou) Co's overall GF Score™ is 62/100 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 Assure Tech (Hangzhou) Co (SHSE:688075), the current Quick Ratio is 8.61 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 Assure Tech (Hangzhou) Co (SHSE:688075) Overvalued in 2026?
Based on GuruFocus' analysis, Assure Tech (Hangzhou) Co stock appears to be overvalued.
The current stock price of ¥30.05 is trading 5.3% above its estimated GF Value™ of ¥28.55.
GuruFocus considers Assure Tech (Hangzhou) Co to be Fairly Valued.
Key valuation signals for SHSE:688075:
Quick Ratio: 8.61 (85% above median its 10-year median of 4.65)
GF Value™: ¥28.55 vs. price of ¥30.05 (5.3% above fair value)
Industry Position: 139.2% above the Biotechnology median (#363 of 1409)
No single metric tells the full story. See the SHSE:688075 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Assure Tech (Hangzhou) Co Ltd is a biotechnology company. The company is engaged in research & development, production, sell of diagnostic reagents, POCT and biological materials.
62GF Score
Get the complete analysis for SHSE:688075
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