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FindevTSXV:FDI -1.41%57 Quick Ratio is 24.48 as of Mar. 2026, which is 64% below its 10-year median of 67.77. GuruFocus rates TSXV:FDI with a GF Score™ of 57/100 and a GF Value™ of C$0.32 (Fairly Valued). The stock has 2 warning signs investors should review. Among 46 Banks companies, Findev ranks better than 60.87% 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. Findev's quick ratio for the quarter that ended in Mar. 2026 was 24.48.
Findev has a quick ratio of 24.48. It generally indicates good short-term financial strength.
The historical rank and industry rank for Findev's Quick Ratio or its related term are showing as below:
TSXV:FDI'
s Quick Ratio Range Over the Past 10 Years
Min: 2.36 Med: 67.77 Max: 83.13
Current: 24.48
During the past 13 years, Findev's highest Quick Ratio was 83.13. The lowest was 2.36. And the median was 67.77.
TSXV:FDI's Quick Ratio is ranked better than 60.87% of 46
companies
in the Banks industry
Industry Median: 2.025
vs TSXV:FDI: 24.48
Findev (TSXV:FDI) 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.
Findev Quick Ratio Related Terms
Findev Quick Ratio Historical Data
* Premium members only.
The historical data trend for Findev'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.
TSXV:FDI vs RKT, FNMA, PFSI: Quick Ratio Comparison
For the Mortgage Finance subindustry, Findev'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.
Findev Quick Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Findev's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Findev'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.
Findev'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.
Findev (TSXV:FDI) has a Quick Ratio of 24.48 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Findev and its competitors. This is 64% below median its historical median of 67.77. Over the past decade, Findev's Quick Ratio has ranged from 2.36 to 83.13. According to the industry distribution chart, Findev ranks #18 out of 46 companies in the Banks industry, placing it in the top 39.1%.
Is Findev's Quick Ratio too high?
Findev's current Quick Ratio of 24.48 is 64% below median its 10-year median of 67.77. Over the past 10 years, this metric has ranged from a low of 2.36 to a high of 83.13. The Banks industry median Quick Ratio is 2.03. Findev's value of 24.48 is 1108.9% above this industry median. Based on the distribution chart, Findev ranks #18 out of 46 companies in the Banks industry, which is above the industry midpoint. Overall, Findev has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Findev's Quick Ratio compare to RKT and FNMA?
According to the Banks industry distribution chart, Findev ranks #18 out of 46 companies for Quick Ratio. This puts Findev in the upper half of its industry. The industry median Quick Ratio is 2.03. Findev's value of 24.48 is 1108.9% above this benchmark. Historically, Findev's own Quick Ratio has ranged from 2.36 to 83.13 over the past decade. While the company's 10-year median is 67.77 vs. the industry median of 2.03, Findev 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 a Banks company?
The median Quick Ratio among Banks companies is 2.03, based on 46 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. Findev's current Quick Ratio of 24.48 is 1108.9% 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 Findev and its competitors. For the Banks industry, the median Quick Ratio is 2.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Findev's current Quick Ratio is 24.48, which is 64% below median its own 10-year median of 67.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Findev stock overvalued right now?
Based on GuruFocus' analysis, Findev (TSXV:FDI) is currently considered Fairly Valued. The stock's GF Value™ is C$0.32, compared to a current price of C$0.35 — trading 9.4% above its estimated fair value. The current Quick Ratio is 24.48, which is 64% below median its 10-year median of 67.77 and 1108.9% above the Banks industry median of 2.03. Findev's overall GF Score™ is 57/100 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 Findev (TSXV:FDI), the current Quick Ratio is 24.48 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 Findev (TSXV:FDI) Overvalued in 2026?
Based on GuruFocus' analysis, Findev stock appears to be overvalued.
The current stock price of C$0.35 is trading 9.4% above its estimated GF Value™ of C$0.32.
GuruFocus considers Findev to be Fairly Valued.
Key valuation signals for TSXV:FDI:
Quick Ratio: 24.48 (64% below median its 10-year median of 67.77)
GF Value™: C$0.32 vs. price of C$0.35 (9.4% above fair value)
Industry Position: 1108.9% above the Banks median (#18 of 46)
No single metric tells the full story. See the TSXV:FDI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Findev Inc is a real estate financing company that lends money to real estate projects that are identified as uniquely positioned to generate above average returns in a two to three year timeframe.
57GF Score
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