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.
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.
Korea Cast Iron Pipe Co (XKRX:000970) 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.
Korea Cast Iron Pipe Co Quick Ratio Related Terms
Korea Cast Iron Pipe Co 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.
XKRX:000970 vs NUE, STLD, RS: Quick Ratio Comparison
For the Steel subindustry, Korea Cast Iron Pipe 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.
Korea Cast Iron Pipe Co Quick Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Korea Cast Iron Pipe Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Korea Cast Iron Pipe 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.
Korea Cast Iron Pipe Co's Quick Ratio for the fiscal year that ended in Dec. 2024 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.
Korea Cast Iron Pipe Co (XKRX:000970) has a Quick Ratio of 2.89 as of Jun. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Korea Cast Iron Pipe Co and its competitors. This is 67% above median its historical median of 1.73. Over the past decade, Korea Cast Iron Pipe Co's Quick Ratio has ranged from 1.02 to 3.21. According to the industry distribution chart, Korea Cast Iron Pipe Co ranks #107 out of 631 companies in the Steel industry, placing it in the top 17%.
Is Korea Cast Iron Pipe Co's Quick Ratio too high?
Korea Cast Iron Pipe Co's current Quick Ratio of 2.89 is 67% above median its 10-year median of 1.73. Over the past 10 years, this metric has ranged from a low of 1.02 to a high of 3.21. The Steel industry median Quick Ratio is 1.00. Korea Cast Iron Pipe Co's value of 2.89 is 189% above this industry median. Based on the distribution chart, Korea Cast Iron Pipe Co ranks #107 out of 631 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Korea Cast Iron Pipe Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Korea Cast Iron Pipe Co's Quick Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Korea Cast Iron Pipe Co ranks #107 out of 631 companies for Quick Ratio. This places Korea Cast Iron Pipe Co in the top 17% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.00. Korea Cast Iron Pipe Co's value of 2.89 is 189% above this benchmark. Historically, Korea Cast Iron Pipe Co's own Quick Ratio has ranged from 1.02 to 3.21 over the past decade. While the company's 10-year median is 1.73 vs. the industry median of 1.00, Korea Cast Iron Pipe Co 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 Steel company?
The median Quick Ratio among Steel companies is 1.00, based on 631 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. Korea Cast Iron Pipe Co's current Quick Ratio of 2.89 is 189% 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 Korea Cast Iron Pipe Co and its competitors. For the Steel industry, the median Quick Ratio is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Korea Cast Iron Pipe Co's current Quick Ratio is 2.89, which is 67% above median its own 10-year median of 1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Korea Cast Iron Pipe Co stock overvalued right now?
Based on GuruFocus' analysis, Korea Cast Iron Pipe Co (XKRX:000970) is currently considered Fairly Valued. The stock's GF Value™ is ₩6,102.89, compared to a current price of ₩6,660.00 — trading 9.1% above its estimated fair value. The current Quick Ratio is 2.89, which is 67% above median its 10-year median of 1.73 and 189% above the Steel industry median of 1.00. Korea Cast Iron Pipe Co's overall GF Score™ is 71/100 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 Korea Cast Iron Pipe Co (XKRX:000970), the current Quick Ratio is 2.89 as of Jun. 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 Korea Cast Iron Pipe Co (XKRX:000970) Overvalued in 2026?
Based on GuruFocus' analysis, Korea Cast Iron Pipe Co stock appears to be overvalued.
The current stock price of ₩6,660.00 is trading 9.1% above its estimated GF Value™ of ₩6,102.89.
GuruFocus considers Korea Cast Iron Pipe Co to be Fairly Valued.
Key valuation signals for XKRX:000970:
Quick Ratio: 2.89 (67% above median its 10-year median of 1.73)
GF Value™: ₩6,102.89 vs. price of ₩6,660.00 (9.1% above fair value)
Industry Position: 189% above the Steel median (#107 of 631)
No single metric tells the full story. See the XKRX:000970 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Korea Cast Iron Pipe Co Ltd is engaged in the manufacturing of cast iron pipes, mild steel pipes, straight and special-shaped pipes, other bolts and nuts, and other machine castings at its Busan Shinpyeong Plant, and produces pile steel pipes and water supply-coated steel pipes at its Pohang Plant.
71GF Score
Get the complete analysis for XKRX:000970
Quick Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKRX:000970 has been successfully added to your 
