Northern Solar Holdings BhdXKLS:0340 +0.75%19 Quick Ratio is 2.82 as of Mar. 2026, which is 39% above its 10-year median of 2.03. GuruFocus rates XKLS:0340 with a GF Score™ of 19/100. The stock has 4 warning signs investors should review. Among 1,028 Semiconductors companies, Northern Solar Holdings Bhd ranks better than 68.87% on this metric.
Northern Solar Holdings Bhd has a quick ratio of 2.82. It generally indicates good short-term financial strength.
The historical rank and industry rank for Northern Solar Holdings Bhd's Quick Ratio or its related term are showing as below:
XKLS:0340'
s Quick Ratio Range Over the Past 10 Years
Min: 1.24 Med: 2.03 Max: 4.2
Current: 2.82
During the past 5 years, Northern Solar Holdings Bhd's highest Quick Ratio was 4.20. The lowest was 1.24. And the median was 2.03.
XKLS:0340's Quick Ratio is ranked better than 68.87% of 1028
companies
in the Semiconductors industry
Industry Median: 1.85
vs XKLS:0340: 2.82
Northern Solar Holdings Bhd (XKLS:0340) 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.
Northern Solar Holdings Bhd Quick Ratio Related Terms
Northern Solar Holdings Bhd Quick Ratio Historical Data
* 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.
XKLS:0340 vs FSLR, NXT, ENPH: Quick Ratio Comparison
For the Solar subindustry, Northern Solar 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.
Northern Solar Holdings Bhd Quick Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Northern Solar Holdings Bhd's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Northern Solar Holdings Bhd's Quick Ratio falls into.
Northern Solar 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.
* 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.
Northern Solar Holdings Bhd (XKLS:0340) has a Quick Ratio of 2.82 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Northern Solar Holdings Bhd and its competitors. This is 39% above median its historical median of 2.03. Over the past decade, Northern Solar Holdings Bhd's Quick Ratio has ranged from 1.24 to 4.20. According to the industry distribution chart, Northern Solar Holdings Bhd ranks #320 out of 1028 companies in the Semiconductors industry, placing it in the top 31.1%.
Is Northern Solar Holdings Bhd's Quick Ratio too high?
Northern Solar Holdings Bhd's current Quick Ratio of 2.82 is 39% above median its 10-year median of 2.03. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 4.20. The Semiconductors industry median Quick Ratio is 1.85. Northern Solar Holdings Bhd's value of 2.82 is 52.4% above this industry median. Based on the distribution chart, Northern Solar Holdings Bhd ranks #320 out of 1028 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Northern Solar Holdings Bhd has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Northern Solar Holdings Bhd's Quick Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Northern Solar Holdings Bhd ranks #320 out of 1028 companies for Quick Ratio. This puts Northern Solar Holdings Bhd in the upper half of its industry. The industry median Quick Ratio is 1.85. Northern Solar Holdings Bhd's value of 2.82 is 52.4% above this benchmark. Historically, Northern Solar Holdings Bhd's own Quick Ratio has ranged from 1.24 to 4.20 over the past decade. While the company's 10-year median is 2.03 vs. the industry median of 1.85, Northern Solar Holdings Bhd 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 Semiconductors company?
The median Quick Ratio among Semiconductors companies is 1.85, based on 1,028 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. Northern Solar Holdings Bhd's current Quick Ratio of 2.82 is 52.4% 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 Northern Solar Holdings Bhd and its competitors. For the Semiconductors industry, the median Quick Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Solar Holdings Bhd's current Quick Ratio is 2.82, which is 39% above median its own 10-year median of 2.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Solar Holdings Bhd stock overvalued right now?
Northern Solar Holdings Bhd (XKLS:0340) has a current Quick Ratio of 2.82. The current Quick Ratio is 2.82, which is 39% above median its 10-year median of 2.03 and 52.4% above the Semiconductors industry median of 1.85. Northern Solar Holdings Bhd's overall GF Score™ is 19/100 with 4 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 Northern Solar Holdings Bhd (XKLS:0340), the current Quick Ratio is 2.82 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.
Northern Solar Holdings Bhd Group is principally involved in the EPCC of solar PV systems, Generation of renewable energy, and O&M of solar PV equipment and systems. Its EPCC of solar PV systems involves the provision of engineering design and planning, procurement and supply, construction, installation, testing, and commissioning of solar PV systems for commercial, industrial, and residential buildings. The Group owns, operates, and maintains rooftop solar PV systems that generate and sell electricity to NEM and SELCO consumers in Peninsular Malaysia. Its O&M of solar PV equipment and systems involves providing O&M services for solar PV equipment and systems installed in commercial, industrial, & residential buildings. The majority of revenue is derived from the EPCC of solar PV systems.
19GF Score
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