SHSE:688778's Quick Ratio is ranked worse than 90.91% of 3068
companies
in the Industrial Products industry
Industry Median: 1.39
vs SHSE:688778: 0.59
XTC New Energy Materials (Xiamen) Co (SHSE:688778) 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.
XTC New Energy Materials (Xiamen) Co Quick Ratio Related Terms
XTC New Energy Materials (Xiamen) 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.
XTC New Energy Materials (Xiamen) Co Quick Ratio Chart
For the Electrical Equipment & Parts subindustry, XTC New Energy Materials (Xiamen) 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.
XTC New Energy Materials (Xiamen) Co Quick Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, XTC New Energy Materials (Xiamen) Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where XTC New Energy Materials (Xiamen) Co's Quick Ratio falls into.
XTC New Energy Materials (Xiamen) 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.
XTC New Energy Materials (Xiamen) Co (SHSE:688778) has a Quick Ratio of 0.59 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on XTC New Energy Materials (Xiamen) Co and its competitors. This is 34% below median its historical median of 0.89. Over the past decade, XTC New Energy Materials (Xiamen) Co's Quick Ratio has ranged from 0.43 to 2.20. According to the industry distribution chart, XTC New Energy Materials (Xiamen) Co ranks #2789 out of 3068 companies in the Industrial Products industry, placing it in the top 90.9%.
Is XTC New Energy Materials (Xiamen) Co's Quick Ratio too high?
XTC New Energy Materials (Xiamen) Co's current Quick Ratio of 0.59 is 34% below median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 2.20. The Industrial Products industry median Quick Ratio is 1.39. XTC New Energy Materials (Xiamen) Co's value of 0.59 is 57.6% below this industry median. Based on the distribution chart, XTC New Energy Materials (Xiamen) Co ranks #2789 out of 3068 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, XTC New Energy Materials (Xiamen) Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does XTC New Energy Materials (Xiamen) Co's Quick Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, XTC New Energy Materials (Xiamen) Co ranks #2789 out of 3068 companies for Quick Ratio. This places XTC New Energy Materials (Xiamen) Co in the lower half of its industry. The industry median Quick Ratio is 1.39. XTC New Energy Materials (Xiamen) Co's value of 0.59 is 57.6% below this benchmark. Historically, XTC New Energy Materials (Xiamen) Co's own Quick Ratio has ranged from 0.43 to 2.20 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 1.39, XTC New Energy Materials (Xiamen) 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 an Industrial Products company?
The median Quick Ratio among Industrial Products companies is 1.39, based on 3,068 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. XTC New Energy Materials (Xiamen) Co's current Quick Ratio of 0.59 is 57.6% 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 XTC New Energy Materials (Xiamen) Co and its competitors. For the Industrial Products industry, the median Quick Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. XTC New Energy Materials (Xiamen) Co's current Quick Ratio is 0.59, which is 34% below median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XTC New Energy Materials (Xiamen) Co stock overvalued right now?
Based on GuruFocus' analysis, XTC New Energy Materials (Xiamen) Co (SHSE:688778) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥62.58, compared to a current price of ¥52.31 — trading 16.4% below its estimated fair value. The current Quick Ratio is 0.59, which is 34% below median its 10-year median of 0.89 and 57.6% below the Industrial Products industry median of 1.39. XTC New Energy Materials (Xiamen) Co's overall GF Score™ is 84/100 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 XTC New Energy Materials (Xiamen) Co (SHSE:688778), the current Quick Ratio is 0.59 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 XTC New Energy Materials (Xiamen) Co (SHSE:688778) Overvalued in 2026?
Based on GuruFocus' analysis, XTC New Energy Materials (Xiamen) Co stock appears to be undervalued.
The current stock price of ¥52.31 is trading 16.4% below its estimated GF Value™ of ¥62.58.
GuruFocus considers XTC New Energy Materials (Xiamen) Co to be Modestly Undervalued.
Key valuation signals for SHSE:688778:
Quick Ratio: 0.59 (34% below median its 10-year median of 0.89)
GF Value™: ¥62.58 vs. price of ¥52.31 (16.4% below fair value)
Industry Position: 57.6% below the Industrial Products median (#2789 of 3068)
No single metric tells the full story. See the SHSE:688778 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
XTC New Energy Materials (Xiamen) Co Business Description
XTC New Energy Materials (Xiamen) Co Ltd is engaged in the research and development, production and sales of cathode materials for lithium-ion batteries.
84GF Score
Get the complete analysis for SHSE:688778
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