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Unity Group Holdings International (HKSE:01539) Current Ratio : 2.28 (As of Sep. 2023)


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What is Unity Group Holdings International 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. Unity Group Holdings International's current ratio for the quarter that ended in Sep. 2023 was 2.28.

Unity Group Holdings International has a current ratio of 2.28. It generally indicates good short-term financial strength.

The historical rank and industry rank for Unity Group Holdings International's Current Ratio or its related term are showing as below:

HKSE:01539' s Current Ratio Range Over the Past 10 Years
Min: 0.68   Med: 1.37   Max: 5.4
Current: 2.28

During the past 10 years, Unity Group Holdings International's highest Current Ratio was 5.40. The lowest was 0.68. And the median was 1.37.

HKSE:01539's Current Ratio is ranked better than
58.87% of 3020 companies
in the Industrial Products industry
Industry Median: 2 vs HKSE:01539: 2.28

Unity Group Holdings International Current Ratio Historical Data

The historical data trend for Unity Group Holdings International's Current 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.

* Premium members only.

Unity Group Holdings International Current Ratio Chart

Unity Group Holdings International Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.48 1.29 0.73 1.21 0.99

Unity Group Holdings International Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Current 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 0.68 1.21 0.91 0.99 2.28

Competitive Comparison of Unity Group Holdings International's Current Ratio

For the Electrical Equipment & Parts subindustry, Unity Group Holdings International'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.


Unity Group Holdings International's Current Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Unity Group Holdings International's Current Ratio distribution charts can be found below:

* The bar in red indicates where Unity Group Holdings International's Current Ratio falls into.



Unity Group Holdings International 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.

Unity Group Holdings International's Current Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Current Ratio (A: Mar. 2023 )=Total Current Assets (A: Mar. 2023 )/Total Current Liabilities (A: Mar. 2023 )
=201.645/204.271
=0.99

Unity Group Holdings International's Current Ratio for the quarter that ended in Sep. 2023 is calculated as

Current Ratio (Q: Sep. 2023 )=Total Current Assets (Q: Sep. 2023 )/Total Current Liabilities (Q: Sep. 2023 )
=303.666/133.346
=2.28

* 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.


Unity Group Holdings International  (HKSE:01539) 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.


Unity Group Holdings International Current Ratio Related Terms

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Unity Group Holdings International (HKSE:01539) Business Description

Traded in Other Exchanges
N/A
Address
178 Gloucester Road, Chinachem Century Tower, 15th Floor, Wan Chai, Hong Kong, HKG
Unity Group Holdings International Ltd is an investment holding company. The company's segment includes the Leasing service of energy saving systems and products; Trading of energy saving products; Consultancy service and Renewable energy service. It generates maximum revenue from the Leasing service of energy saving systems and products segment. The company operates its business in Hong Kong, Indonesia, Japan, Malaysia, Macau, and Other overseas locations. Geographically, it derives a majority of its revenue from Malaysia.
Executives
Wong Man Fai Mansfield 2201 Interest of corporation controlled by you
Abundance Development Limited 2101 Beneficial owner
Adel Abdulhameed Ibrahim Abdulla Alhosani 2201 Interest of corporation controlled by you
Asia Jit Capital Investment L.l.c. 2101 Beneficial owner
Kwok Wai Tak 2201 Interest of corporation controlled by you
Lam Arthur 2101 Beneficial owner
Beyond Ever Limited 2101 Beneficial owner
Ancient Wisdom Limited 2106 Person having a security interest in shares
Wu Shang Tun Mason 2201 Interest of corporation controlled by you
Xiong Xiaoshan
Poon Ka Ho Stanley

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