TCS Group Holdings Bhd (XKLS:0221) Quick Ratio: 1.29 (As of Mar. 2026) — Near 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.

What is TCS Group Holdings Bhd Quick Ratio?

TCS Group Holdings Bhd XKLS:0221 Quick Ratio is 1.29 as of Mar. 2026, which is 7% below its 10-year median of 1.39. The stock has 7 warning signs investors should review. Among 1,783 Construction companies, TCS Group Holdings Bhd ranks better than 50.48% 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. TCS Group Holdings Bhd's quick ratio for the quarter that ended in Mar. 2026 was 1.29.

TCS Group Holdings Bhd has a quick ratio of 1.29. It generally indicates good short-term financial strength.

The historical rank and industry rank for TCS Group Holdings Bhd's Quick Ratio or its related term are showing as below:

XKLS:0221' s Quick Ratio Range Over the Past 10 Years
Min: 1.12   Med: 1.39   Max: 1.89
Current: 1.29

During the past 10 years, TCS Group Holdings Bhd's highest Quick Ratio was 1.89. The lowest was 1.12. And the median was 1.39.

XKLS:0221's Quick Ratio is ranked better than
50.48% of 1783 companies
in the Construction industry
Industry Median: 1.29 vs XKLS:0221: 1.29

TCS Group Holdings Bhd  (XKLS:0221) 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.


TCS Group Holdings Bhd Quick Ratio Related Terms


TCS Group Holdings Bhd Quick Ratio Historical Data

* Premium members only.

The historical data trend for TCS Group Holdings Bhd'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.

TCS Group Holdings Bhd Quick Ratio Chart

TCS Group Holdings Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.80 1.44 1.15 1.31 1.29

TCS Group Holdings Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.39 1.32 1.35 1.29 1.29

XKLS:0221 vs PWR, FIX, EME: Quick Ratio Comparison

For the Engineering & Construction subindustry, TCS Group Holdings Bhd'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.


TCS Group Holdings Bhd Quick Ratio vs Construction Industry

For the Construction industry and Industrials sector, TCS Group Holdings Bhd's Quick Ratio distribution charts can be found below:

* The bar in red indicates where TCS Group Holdings Bhd's Quick Ratio falls into.



TCS Group Holdings Bhd 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.

TCS Group Holdings Bhd's Quick Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Quick Ratio (A: Dec. 2025 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(242.289-0)/187.592
=1.29

TCS Group Holdings Bhd'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
=(255.574-0)/198.575
=1.29

* 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 1.29 mean?
TCS Group Holdings Bhd (XKLS:0221) has a Quick Ratio of 1.29 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on TCS Group Holdings Bhd and its competitors. This is near median its historical median of 1.39. Over the past decade, TCS Group Holdings Bhd's Quick Ratio has ranged from 1.12 to 1.89. According to the industry distribution chart, TCS Group Holdings Bhd ranks #883 out of 1783 companies in the Construction industry, placing it in the top 49.5%.
Is TCS Group Holdings Bhd's Quick Ratio too high?
TCS Group Holdings Bhd's current Quick Ratio of 1.29 is near median its 10-year median of 1.39. Over the past 10 years, this metric has ranged from a low of 1.12 to a high of 1.89. The Construction industry median Quick Ratio is 1.29. TCS Group Holdings Bhd's value of 1.29 is 0% at this industry median. Based on the distribution chart, TCS Group Holdings Bhd ranks #883 out of 1783 companies in the Construction industry, which is above the industry midpoint.
How does TCS Group Holdings Bhd's Quick Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, TCS Group Holdings Bhd ranks #883 out of 1783 companies for Quick Ratio. This puts TCS Group Holdings Bhd in the upper half of its industry. The industry median Quick Ratio is 1.29. TCS Group Holdings Bhd's value of 1.29 is 0% at this benchmark. Historically, TCS Group Holdings Bhd's own Quick Ratio has ranged from 1.12 to 1.89 over the past decade. While the company's 10-year median is 1.39 vs. the industry median of 1.29, TCS Group Holdings Bhd has consistently been at 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 Construction company?
The median Quick Ratio among Construction companies is 1.29, based on 1,783 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. TCS Group Holdings Bhd's current Quick Ratio of 1.29 is 0% at 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 TCS Group Holdings Bhd and its competitors. For the Construction industry, the median Quick Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TCS Group Holdings Bhd's current Quick Ratio is 1.29, which is near median its own 10-year median of 1.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TCS Group Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, TCS Group Holdings Bhd (XKLS:0221) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.13, compared to a current price of RM0.09 — trading 34.6% below its estimated fair value. The current Quick Ratio is 1.29, which is near median its 10-year median of 1.39 and 0% at the Construction industry median of 1.29. 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 TCS Group Holdings Bhd (XKLS:0221), the current Quick Ratio is 1.29 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.

TCS Group Holdings Bhd Business Description

Address No. 1 & 3, Bangunan TCS, Jalan SP 1/1, Bandar Saujana Putra, Jenjarom, SGR, MYS, 42610
TCS Group Holdings Bhd is a building and infrastructure construction services provider for residential, commercial, and civil works in Malaysia. The Group has completed various types of residential buildings such as terrace houses, bungalows, high-rise apartments and condominium, as well as commercial buildings such as shop offices, shopping complexes, factory buildings and purpose-built buildings. Its services also include civil works such as roads, water and sewerage treatment plants, electrical substations, water tanks, and reticulation systems for townships. Its projects include BRDB Sales Gallery in Subang Jaya, Selangor, the IOI Moxy Hotel in IOI Resort City, Putrajaya, M Arisa in Sentul, Kuala Lumpur, and others. The Group's operations are predominantly carried out in Malaysia.