Lion Office Products (TSE:423A) Quick Ratio: 1.62 (As of Mar. 2026) — 25% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:423A Lion Office Products Corp TSE:423A
16 GF Score
Price 円303.00
! 2 Warning Signs
View Full Analysis

What is Lion Office Products Quick Ratio?

Lion Office Products TSE:423A -1.30% 16 Quick Ratio is 1.62 as of Mar. 2026, which is 25% above its 10-year median of 1.30. GuruFocus rates TSE:423A with a GF Score™ of 16/100. The stock has 2 warning signs investors should review. Among 3,070 Industrial Products companies, Lion Office Products ranks better than 59.22% on this metric.

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. Lion Office Products's quick ratio for the quarter that ended in Mar. 2026 was 1.62.

Lion Office Products has a quick ratio of 1.62. It generally indicates good short-term financial strength.

The historical rank and industry rank for Lion Office Products's Quick Ratio or its related term are showing as below:

TSE:423A' s Quick Ratio Range Over the Past 10 Years
Min: 1.2   Med: 1.3   Max: 1.62
Current: 1.62

During the past 3 years, Lion Office Products's highest Quick Ratio was 1.62. The lowest was 1.20. And the median was 1.30.

TSE:423A's Quick Ratio is ranked better than
59.22% of 3070 companies
in the Industrial Products industry
Industry Median: 1.39 vs TSE:423A: 1.62

Lion Office Products  (TSE:423A) 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.


Lion Office Products Quick Ratio Related Terms


Lion Office Products Quick Ratio Historical Data

* Premium members only.

The historical data trend for Lion Office Products'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.

Lion Office Products Quick Ratio Chart

Lion Office Products Annual Data
Trend Sep23 Sep24 Sep25
Quick Ratio
1.30 1.32 1.22

Lion Office Products Quarterly Data
Sep23 Sep24 Jun25 Sep25 Dec25 Mar26
Quick Ratio Get a 7-Day Free Trial 1.32 1.30 1.22 1.20 1.62

Lion Office Products Quick Ratio Competitor Comparison

For the Business Equipment & Supplies subindustry, Lion Office Products'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.


Lion Office Products Quick Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Lion Office Products's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Lion Office Products's Quick Ratio falls into.


TSE:423A
16GF Score
Lion Office Products Corp TSE:423A
Quick Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lion Office Products 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.

Lion Office Products's Quick Ratio for the fiscal year that ended in Sep. 2025 is calculated as

Quick Ratio (A: Sep. 2025 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(18337-5609)/10395
=1.22

Lion Office Products's Quick Ratio for the quarter that ended in Mar. 2026 is calculated as

Quick Ratio (Q: Mar. 2026 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(19228-3510)/9712
=1.62

* 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.

Frequently Asked Questions Learn more about Quick Ratio →
What does a Quick Ratio of 1.62 mean?
Lion Office Products (TSE:423A) has a Quick Ratio of 1.62 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Lion Office Products and its competitors. This is 25% above median its historical median of 1.30. Over the past decade, Lion Office Products' Quick Ratio has ranged from 1.20 to 1.62. According to the industry distribution chart, Lion Office Products ranks #1252 out of 3070 companies in the Industrial Products industry, placing it in the top 40.8%.
Is Lion Office Products' Quick Ratio too high?
Lion Office Products' current Quick Ratio of 1.62 is 25% above median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 1.62. The Industrial Products industry median Quick Ratio is 1.39. Lion Office Products' value of 1.62 is 16.5% above this industry median. Based on the distribution chart, Lion Office Products ranks #1252 out of 3070 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Lion Office Products has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Lion Office Products' Quick Ratio compare to competitors?
According to the Industrial Products industry distribution chart, Lion Office Products ranks #1252 out of 3070 companies for Quick Ratio. This puts Lion Office Products in the upper half of its industry. The industry median Quick Ratio is 1.39. Lion Office Products' value of 1.62 is 16.5% above this benchmark. Historically, Lion Office Products' own Quick Ratio has ranged from 1.20 to 1.62 over the past decade. While the company's 10-year median is 1.30 vs. the industry median of 1.39, Lion Office Products 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 an Industrial Products company?
The median Quick Ratio among Industrial Products companies is 1.39, based on 3,070 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. Lion Office Products's current Quick Ratio of 1.62 is 16.5% 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 Lion Office Products 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. Lion Office Products's current Quick Ratio is 1.62, which is 25% above median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lion Office Products stock overvalued right now?
Lion Office Products (TSE:423A) has a current Quick Ratio of 1.62. The current Quick Ratio is 1.62, which is 25% above median its 10-year median of 1.30 and 16.5% above the Industrial Products industry median of 1.39. Lion Office Products' overall GF Score™ is 16/100 with 2 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 Lion Office Products (TSE:423A), the current Quick Ratio is 1.62 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.

Lion Office Products Business Description

Address 2-6-11 Higashinakano, Nakano-ku, Tokyo, JPN, 164-0003
Lion Office Products Corp is engaged in Manufacture and sales of stationery, office supplies and office furniture/Office space design, construction, interior finishing work/Sales of ICT devices in the education market/E-commerce.
16GF Score

Get the complete analysis for TSE:423A

Quick Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円303.00
Price