The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Thai Rayon PCL's quick ratio for the quarter that ended in Mar. 2026 was 0.63.
Thai Rayon PCL has a quick ratio of 0.63. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Thai Rayon PCL's Quick Ratio or its related term are showing as below:
TRAYF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.35 Med: 1.35 Max: 3.35
Current: 0.63
During the past 13 years, Thai Rayon PCL's highest Quick Ratio was 3.35. The lowest was 0.35. And the median was 1.35.
Thai Rayon PCL (OTCPK:TRAYF) 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.
Thai Rayon PCL Quick Ratio Related Terms
Thai Rayon PCL Quick Ratio Historical Data
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The historical data trend for Thai Rayon PCL'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 Textile Manufacturing subindustry, Thai Rayon PCL'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.
Thai Rayon PCL Quick Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Thai Rayon PCL's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Thai Rayon PCL'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.
Thai Rayon PCL's Quick Ratio for the fiscal year that ended in Mar. 2026 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.
Thai Rayon PCL (TRAYF) has a Quick Ratio of 0.63 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Thai Rayon PCL and its competitors. This is 53% below median its historical median of 1.35. Over the past decade, Thai Rayon PCL's Quick Ratio has ranged from 0.35 to 3.35.
Is Thai Rayon PCL's Quick Ratio too high?
Thai Rayon PCL's current Quick Ratio of 0.63 is 53% below median its 10-year median of 1.35. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 3.35. The Manufacturing - Apparel & Accessories industry median Quick Ratio is 1.10. Thai Rayon PCL's value of 0.63 is 42.7% below this industry median. Overall, Thai Rayon PCL has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Thai Rayon PCL's Quick Ratio compare to competitors?
Thai Rayon PCL's Quick Ratio of 0.63 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Quick Ratio is 1.10. Thai Rayon PCL's value of 0.63 is 42.7% below this benchmark. Historically, Thai Rayon PCL's own Quick Ratio has ranged from 0.35 to 3.35 over the past decade. While the company's 10-year median is 1.35 vs. the industry median of 1.10, Thai Rayon PCL 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 Manufacturing - Apparel & Accessories company?
The median Quick Ratio among Manufacturing - Apparel & Accessories companies is 1.10, based on 1,068 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. Thai Rayon PCL's current Quick Ratio of 0.63 is 42.7% 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 Thai Rayon PCL and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Quick Ratio is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Rayon PCL's current Quick Ratio is 0.63, which is 53% below median its own 10-year median of 1.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Rayon PCL stock overvalued right now?
Thai Rayon PCL (TRAYF) has a current Quick Ratio of 0.63. The stock's GF Value™ is $2.77, compared to a current price of $1.70 — trading 38.6% below its estimated fair value. The current Quick Ratio is 0.63, which is 53% below median its 10-year median of 1.35 and 42.7% below the Manufacturing - Apparel & Accessories industry median of 1.10. Thai Rayon PCL's overall GF Score™ is 12/100 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 Thai Rayon PCL (TRAYF), the current Quick Ratio is 0.63 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 Thai Rayon PCL (TRAYF) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Rayon PCL stock appears to be undervalued.
The current stock price of $1.70 is trading 38.6% below its estimated GF Value™ of $2.77.
Key valuation signals for TRAYF:
Quick Ratio: 0.63 (53% below median its 10-year median of 1.35)
GF Value™: $2.77 vs. price of $1.70 (38.6% below fair value)
Industry Position: 42.7% below the Manufacturing - Apparel & Accessories median
No single metric tells the full story. See the TRAYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Rayon PCL is a company based in Thailand that mainly manufactures viscose rayon staple fiber and anhydrous sodium sulphate for sale in domestic and export markets. The company also produces anhydrous sodium sulphate as a by-product, which is widely used in Thailand by detergent, pulp, glass, leather, and textile industries. Thai Rayon has made investments in backward and forward integration projects in Thailand, Indonesia, Laos, China, and Canada, as well as various diversification projects in Thailand and overseas. The company's operations focus on a single industry segment, which is the manufacturing and distribution of viscose rayon staple fiber and by-products for both domestic and export markets.
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