Cang Bao Tian Xia International Art Trade Center has a current ratio of 0.31. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Cang Bao Tian Xia International Art Trade Center has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
TXCB's Current Ratio is not ranked *
in the Retail - Cyclical industry.
Industry Median: 1.59 * Ranked among companies with meaningful Current Ratio only.
Cang Bao Tian Xia International Art Trade Center 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.
* Premium members only.
Cang Bao Tian Xia International Art Trade Center Current Ratio Chart
Cang Bao Tian Xia International Art Trade Center Annual Data
* 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.
Cang Bao Tian Xia International Art Trade Center's Current Ratio Distribution in the Retail - Cyclical Industry
* 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.
Cang Bao Tian Xia International Art Trade Center (OTCPK:TXCB) 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.
Cang Bao Tian Xia International Art Trade Center Current Ratio Related Terms
Thank you for viewing the detailed overview of Cang Bao Tian Xia International Art Trade Center's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Cang Bao Tian Xia International Art Trade Center (Cang Bao Tian Xia International Art Trade Center) Business Description
Cang Bao Tian Xia International Art Trade Center Inc is engaged in the manufacturing and distribution of gears, gearbox sand drive axles. These are marketed and sold to equipment manufacturers in China. Its products are used for making industrial, agricultural, and construction machinery, such as forklift trucks, excavators, tractors, and diesel engines.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TXCB has been successfully added to your 