ASNOVA CoTSE:9223 -1.00%30 Quick Ratio is 0.53 as of Mar. 2026, which is 17% below its 10-year median of 0.64. GuruFocus rates TSE:9223 with a GF Score™ of 30/100. The stock has 7 warning signs investors should review. Among 1,090 Business Services companies, ASNOVA Co ranks worse than 92.11% 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. ASNOVA Co's quick ratio for the quarter that ended in Mar. 2026 was 0.53.
ASNOVA Co has a quick ratio of 0.53. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for ASNOVA Co's Quick Ratio or its related term are showing as below:
TSE:9223'
s Quick Ratio Range Over the Past 10 Years
Min: 0.53 Med: 0.64 Max: 0.87
Current: 0.53
During the past 7 years, ASNOVA Co's highest Quick Ratio was 0.87. The lowest was 0.53. And the median was 0.64.
TSE:9223's Quick Ratio is ranked worse than 92.11% of 1090
companies
in the Business Services industry
Industry Median: 1.67
vs TSE:9223: 0.53
ASNOVA Co (TSE:9223) 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.
ASNOVA Co Quick Ratio Related Terms
ASNOVA Co Quick Ratio Historical Data
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The historical data trend for ASNOVA Co'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.
TSE:9223 vs URI, SUNB, AER: Quick Ratio Comparison
For the Rental & Leasing Services subindustry, ASNOVA 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.
ASNOVA Co Quick Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, ASNOVA Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where ASNOVA Co'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.
ASNOVA Co'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.
ASNOVA Co (TSE:9223) has a Quick Ratio of 0.53 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on ASNOVA Co and its competitors. This is 17% below median its historical median of 0.64. Over the past decade, ASNOVA Co's Quick Ratio has ranged from 0.53 to 0.87. According to the industry distribution chart, ASNOVA Co ranks #1004 out of 1090 companies in the Business Services industry, placing it in the top 92.1%.
Is ASNOVA Co's Quick Ratio too high?
ASNOVA Co's current Quick Ratio of 0.53 is 17% below median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 0.87. The Business Services industry median Quick Ratio is 1.67. ASNOVA Co's value of 0.53 is 68.3% below this industry median. Based on the distribution chart, ASNOVA Co ranks #1004 out of 1090 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, ASNOVA Co has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does ASNOVA Co's Quick Ratio compare to URI and SUNB?
According to the Business Services industry distribution chart, ASNOVA Co ranks #1004 out of 1090 companies for Quick Ratio. This places ASNOVA Co in the lower half of its industry. The industry median Quick Ratio is 1.67. ASNOVA Co's value of 0.53 is 68.3% below this benchmark. Historically, ASNOVA Co's own Quick Ratio has ranged from 0.53 to 0.87 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 1.67, ASNOVA 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 a Business Services company?
The median Quick Ratio among Business Services companies is 1.67, based on 1,090 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. ASNOVA Co's current Quick Ratio of 0.53 is 68.3% 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 ASNOVA Co and its competitors. For the Business Services industry, the median Quick Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASNOVA Co's current Quick Ratio is 0.53, which is 17% below median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASNOVA Co stock overvalued right now?
ASNOVA Co (TSE:9223) has a current Quick Ratio of 0.53. The current Quick Ratio is 0.53, which is 17% below median its 10-year median of 0.64 and 68.3% below the Business Services industry median of 1.67. ASNOVA Co's overall GF Score™ is 30/100 with 7 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 ASNOVA Co (TSE:9223), the current Quick Ratio is 0.53 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.
ASNOVA Co Ltd is engaged in the temporary equipment rental business, mainly focused on wedge-type scaffolding, which is used for low- to mid-rise buildings, mainly detached houses, and its main features are its high construction efficiency, transportation efficiency, and storage efficiency.
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