What is Sheen Tai Holdings Group Co Current Ratio?
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Sheen Tai Holdings Group Co's current ratio for the quarter that ended in Dec. 2023 was 18.95.
Sheen Tai Holdings Group Co has a current ratio of 18.95. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Sheen Tai Holdings Group Co's Current Ratio or its related term are showing as below:
HKSE:01335'
s Current Ratio Range Over the Past 10 Years
Min: 1.23 Med: 2.41 Max: 20.9
Current: 18.95
During the past 13 years, Sheen Tai Holdings Group Co's highest Current Ratio was 20.90. The lowest was 1.23. And the median was 2.41.
HKSE:01335's Current Ratio is ranked better than 98.15% of 433
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.32
vs HKSE:01335: 18.95
Sheen Tai Holdings Group Co Current 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.
Competitive Comparison of Sheen Tai Holdings Group Co's Current Ratio
For the Utilities - Renewable subindustry, Sheen Tai Holdings Group Co's Current Ratio, along with its competitors' market caps and Current 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.
Sheen Tai Holdings Group Co's Current Ratio Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Sheen Tai Holdings Group Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where Sheen Tai Holdings Group Co's Current Ratio falls into.
Sheen Tai Holdings Group Co Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term 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.
Sheen Tai Holdings Group Co (HKSE:01335) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Sheen Tai Holdings Group Co Current Ratio Related Terms
Thank you for viewing the detailed overview of Sheen Tai Holdings Group Co's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Sheen Tai Holdings Group Co (HKSE:01335) Business Description
Sheen Tai Holdings Group Co Ltd is an investment holding company. The company operates through four segments namely Sales of sub-processing cigarette films segment engages in trading of sub-processing cigarette films; the Properties development and related services segment engages in the development and sales of properties and providing property management services; the Generation of photovoltaic power segment engages in generating and sales of electricity; and Sales of semi-conductors engages in trading of semi-conductors. It derives a majority of its revenue from the sales of the semi-conductors segment.
Sheen Tai Holdings Group Co (HKSE:01335) Headlines
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