What is Shanghai MicroPort EP Medtech Co Quick Ratio?
Shanghai MicroPort EP Medtech CoSHSE:688351 -5.57%85 Quick Ratio is 8.76 as of Mar. 2026, which is 22% below its 10-year median of 11.18. GuruFocus rates SHSE:688351 with a GF Score™ of 85/100 and a GF Value™ of ¥27.41 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 854 Medical Devices & Instruments companies, Shanghai MicroPort EP Medtech Co ranks better than 92.97% on this metric.
Shanghai MicroPort EP Medtech Co has a quick ratio of 8.76. It generally indicates good short-term financial strength.
The historical rank and industry rank for Shanghai MicroPort EP Medtech Co's Quick Ratio or its related term are showing as below:
SHSE:688351'
s Quick Ratio Range Over the Past 10 Years
Min: 0.62 Med: 11.18 Max: 22.8
Current: 8.76
During the past 11 years, Shanghai MicroPort EP Medtech Co's highest Quick Ratio was 22.80. The lowest was 0.62. And the median was 11.18.
SHSE:688351's Quick Ratio is ranked better than 92.97% of 854
companies
in the Medical Devices & Instruments industry
Industry Median: 1.885
vs SHSE:688351: 8.76
Shanghai MicroPort EP Medtech Co (SHSE:688351) 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.
Shanghai MicroPort EP Medtech Co Quick Ratio Related Terms
Shanghai MicroPort EP Medtech 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.
Shanghai MicroPort EP Medtech Co Quick Ratio Chart
SHSE:688351 vs ABT, SYK, MDT: Quick Ratio Comparison
For the Medical Devices subindustry, Shanghai MicroPort EP Medtech 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.
Shanghai MicroPort EP Medtech Co Quick Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Shanghai MicroPort EP Medtech Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Shanghai MicroPort EP Medtech Co's Quick Ratio falls into.
Shanghai MicroPort EP Medtech 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.
Shanghai MicroPort EP Medtech Co (SHSE:688351) has a Quick Ratio of 8.76 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Shanghai MicroPort EP Medtech Co and its competitors. This is 22% below median its historical median of 11.18. Over the past decade, Shanghai MicroPort EP Medtech Co's Quick Ratio has ranged from 0.62 to 22.80. According to the industry distribution chart, Shanghai MicroPort EP Medtech Co ranks #60 out of 854 companies in the Medical Devices & Instruments industry, placing it in the top 7%.
Is Shanghai MicroPort EP Medtech Co's Quick Ratio too high?
Shanghai MicroPort EP Medtech Co's current Quick Ratio of 8.76 is 22% below median its 10-year median of 11.18. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 22.80. The Medical Devices & Instruments industry median Quick Ratio is 1.89. Shanghai MicroPort EP Medtech Co's value of 8.76 is 364.7% above this industry median. Based on the distribution chart, Shanghai MicroPort EP Medtech Co ranks #60 out of 854 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Shanghai MicroPort EP Medtech Co has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai MicroPort EP Medtech Co's Quick Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Shanghai MicroPort EP Medtech Co ranks #60 out of 854 companies for Quick Ratio. This places Shanghai MicroPort EP Medtech Co in the top 7% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.89. Shanghai MicroPort EP Medtech Co's value of 8.76 is 364.7% above this benchmark. Historically, Shanghai MicroPort EP Medtech Co's own Quick Ratio has ranged from 0.62 to 22.80 over the past decade. While the company's 10-year median is 11.18 vs. the industry median of 1.89, Shanghai MicroPort EP Medtech 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 Medical Devices & Instruments company?
The median Quick Ratio among Medical Devices & Instruments companies is 1.89, based on 854 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. Shanghai MicroPort EP Medtech Co's current Quick Ratio of 8.76 is 364.7% 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 Shanghai MicroPort EP Medtech Co and its competitors. For the Medical Devices & Instruments industry, the median Quick Ratio is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai MicroPort EP Medtech Co's current Quick Ratio is 8.76, which is 22% below median its own 10-year median of 11.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai MicroPort EP Medtech Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai MicroPort EP Medtech Co (SHSE:688351) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥27.41, compared to a current price of ¥21.86 — trading 20.2% below its estimated fair value. The current Quick Ratio is 8.76, which is 22% below median its 10-year median of 11.18 and 364.7% above the Medical Devices & Instruments industry median of 1.89. Shanghai MicroPort EP Medtech Co's overall GF Score™ is 85/100 with 4 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 Shanghai MicroPort EP Medtech Co (SHSE:688351), the current Quick Ratio is 8.76 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 Shanghai MicroPort EP Medtech Co (SHSE:688351) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai MicroPort EP Medtech Co stock appears to be undervalued.
The current stock price of ¥21.86 is trading 20.2% below its estimated GF Value™ of ¥27.41.
GuruFocus considers Shanghai MicroPort EP Medtech Co to be Modestly Undervalued.
Key valuation signals for SHSE:688351:
Quick Ratio: 8.76 (22% below median its 10-year median of 11.18)
GF Value™: ¥27.41 vs. price of ¥21.86 (20.2% below fair value)
Industry Position: 364.7% above the Medical Devices & Instruments median (#60 of 854)
No single metric tells the full story. See the SHSE:688351 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai MicroPort EP Medtech Co Business Description
Shanghai MicroPort EP Medtech Co Ltd is engaged in the research, development, production and sales of various medical devices and equipment related to cardiac electrophysiology interventional diagnosis and treatment.
85GF Score
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