Hai Kwang EnterpriseTPE:2038 -0.38%66 Quick Ratio is 0.57 as of Dec. 2025, which is 10% above its 10-year median of 0.52. GuruFocus rates TPE:2038 with a GF Score™ of 66/100 and a GF Value™ of NT$15.11 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 634 Steel companies, Hai Kwang Enterprise ranks worse than 77.29% on this metric.
Hai Kwang Enterprise has a quick ratio of 0.57. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Hai Kwang Enterprise's Quick Ratio or its related term are showing as below:
TPE:2038'
s Quick Ratio Range Over the Past 10 Years
Min: 0.31 Med: 0.52 Max: 1.18
Current: 0.57
During the past 13 years, Hai Kwang Enterprise's highest Quick Ratio was 1.18. The lowest was 0.31. And the median was 0.52.
TPE:2038's Quick Ratio is ranked worse than 77.29% of 634
companies
in the Steel industry
Industry Median: 1.02
vs TPE:2038: 0.57
Hai Kwang Enterprise (TPE:2038) 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.
Hai Kwang Enterprise Quick Ratio Related Terms
Hai Kwang Enterprise Quick Ratio Historical Data
* Premium members only.
The historical data trend for Hai Kwang Enterprise's Quick Ratio can be seen below:
* 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.
For the Steel subindustry, Hai Kwang Enterprise'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.
Hai Kwang Enterprise Quick Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Hai Kwang Enterprise's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Hai Kwang Enterprise'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.
Hai Kwang Enterprise'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.
Hai Kwang Enterprise (TPE:2038) has a Quick Ratio of 0.57 as of Dec. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Hai Kwang Enterprise and its competitors. This is 10% above median its historical median of 0.52. Over the past decade, Hai Kwang Enterprise's Quick Ratio has ranged from 0.31 to 1.18. According to the industry distribution chart, Hai Kwang Enterprise ranks #490 out of 634 companies in the Steel industry, placing it in the top 77.3%.
Is Hai Kwang Enterprise's Quick Ratio too high?
Hai Kwang Enterprise's current Quick Ratio of 0.57 is 10% above median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 1.18. The Steel industry median Quick Ratio is 1.02. Hai Kwang Enterprise's value of 0.57 is 44.1% below this industry median. Based on the distribution chart, Hai Kwang Enterprise ranks #490 out of 634 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Hai Kwang Enterprise has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hai Kwang Enterprise's Quick Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Hai Kwang Enterprise ranks #490 out of 634 companies for Quick Ratio. This places Hai Kwang Enterprise in the lower half of its industry. The industry median Quick Ratio is 1.02. Hai Kwang Enterprise's value of 0.57 is 44.1% below this benchmark. Historically, Hai Kwang Enterprise's own Quick Ratio has ranged from 0.31 to 1.18 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 1.02, Hai Kwang Enterprise 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 Steel company?
The median Quick Ratio among Steel companies is 1.02, based on 634 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. Hai Kwang Enterprise's current Quick Ratio of 0.57 is 44.1% 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 Hai Kwang Enterprise and its competitors. For the Steel industry, the median Quick Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hai Kwang Enterprise's current Quick Ratio is 0.57, which is 10% above median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hai Kwang Enterprise stock overvalued right now?
Based on GuruFocus' analysis, Hai Kwang Enterprise (TPE:2038) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$15.11, compared to a current price of NT$13.20 — trading 12.6% below its estimated fair value. The current Quick Ratio is 0.57, which is 10% above median its 10-year median of 0.52 and 44.1% below the Steel industry median of 1.02. Hai Kwang Enterprise's overall GF Score™ is 66/100 with 6 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 Hai Kwang Enterprise (TPE:2038), the current Quick Ratio is 0.57 as of Dec. 2025. 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 Hai Kwang Enterprise (TPE:2038) Overvalued in 2026?
Based on GuruFocus' analysis, Hai Kwang Enterprise stock appears to be undervalued.
The current stock price of NT$13.20 is trading 12.6% below its estimated GF Value™ of NT$15.11.
GuruFocus considers Hai Kwang Enterprise to be Modestly Undervalued.
Key valuation signals for TPE:2038:
Quick Ratio: 0.57 (10% above median its 10-year median of 0.52)
GF Value™: NT$15.11 vs. price of NT$13.20 (12.6% below fair value)
Industry Position: 44.1% below the Steel median (#490 of 634)
No single metric tells the full story. See the TPE:2038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hai Kwang Enterprise Corp is engaged in the manufacture, processing, sale, and trade of billets and reinforcing steel bars. The Company also engages in real estate rental and leasing. It operates through Hai Kwang Enterprise Co., Ltd and Zheng Tung (formerly E Chang), with Hai Kwang Enterprise Co., Ltd generating maximum revenue. The main operating location of the Company and its subsidiaries is Taiwan.
66GF Score
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