Ionix Technology (Ionix Technology) Current Ratio : 1.48 (As of Mar. 2022)

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What is Ionix Technology 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. Ionix Technology's current ratio for the quarter that ended in Mar. 2022 was 1.48.

Ionix Technology has a current ratio of 1.48. It generally indicates good short-term financial strength.

The historical rank and industry rank for Ionix Technology's Current Ratio or its related term are showing as below:

IINX's Current Ratio is not ranked ^*
in the Hardware industry.
Industry Median: 2.01
* Ranked among companies with meaningful Current Ratio only.

Ionix Technology Current Ratio Historical Data

The historical data trend for Ionix Technology'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.

Ionix Technology Current Ratio Chart

Ionix Technology Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Current Ratio

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1.08

1.45

1.09

1.21

1.30

Ionix Technology Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Current Ratio	Get a 7-Day Free Trial															1.28	1.30	1.28	1.44	1.48

Competitive Comparison of Ionix Technology's Current Ratio

For the Electronic Components subindustry, Ionix Technology'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.

Ionix Technology's Current Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ionix Technology's Current Ratio distribution charts can be found below:

* The bar in red indicates where Ionix Technology's Current Ratio falls into.

Ionix Technology 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.

Ionix Technology's Current Ratio for the fiscal year that ended in Jun. 2021 is calculated as

Current Ratio (A: Jun. 2021 )	=	Total Current Assets (A: Jun. 2021 )	/	Total Current Liabilities (A: Jun. 2021 )
	=	12.895	/	9.886
	=	1.30

Ionix Technology's Current Ratio for the quarter that ended in Mar. 2022 is calculated as

Current Ratio (Q: Mar. 2022 )	=	Total Current Assets (Q: Mar. 2022 )	/	Total Current Liabilities (Q: Mar. 2022 )
	=	12.329	/	8.351
	=	1.48

Ionix Technology (OTCPK:IINX) 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.

Ionix Technology Current Ratio Related Terms

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Ionix Technology (Ionix Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ionix Technology Inc (OTCPK:IINX) » Definitions » Current Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 50 People Road, Room 608. Block B, Times Square, Zhongshan District, Liaoning Province, Dalian, CHN, 116001

Website

http://www.iinx-tech.com

Ionix Technology Inc in association with its subsidiaries, designs, develops and sells lithium batteries. These batteries are used in consumer electronic devices such as computers and mobile devices, electric vehicles, and storage applications. Its segments include SmartEnergy, Photoelectric Display, Smart energy and Service Contracts, of which the majority of the revenue comes from the Photoelectric Display segment which derives its revenue from the sales of LCM(Liquid Crystal Module) and LCD(Liquid Crystal Display) screens manufactured for small devices such as video capable baby monitors, and electronic devices. All of its revenues come from China.

Executives

Yanli Wang	director	NO. 50 PEOPLE ROAD, RM 608, BLOCK B, TIMES SQUARE, DALIAN CITY F4 116001
Xiaolin Wei	director	NO. 50 PEOPLE ROAD, RM 608, BLOCK B, TIMES SQUARE, DALIAN CITY F4 116001
Yongping Wang	director	NO. 50 PEOPLE ROAD, RM 608, BLOCK B, TIMES SQUARE, DALIAN CITY F4 116001
Yang Yan	officer: President and Treasurer	NO. 50 PEOPLE ROAD, RM 608, BLOCK B, TIMES SQUARE, DALIAN CITY F4 116001
Yubao Liu	director, 10 percent owner	NO.122, ZU 9, HONGGUANG COMMUNITY, XIANGYANG DISTRICT, JIAMUSI, HEILONGJIANG F4 154000
Shuyu Li	officer: President, Treasurer	ROOM 608, BLOCK B,NO.50 RENMIN ROAD,, ZHONGSHAN DISTRICT, DALIAN F4 116001
Long Xie	officer: Secretary of the Company	NO.33,1-502 ROOM,HAIWAN STREET,, SHAHEKOU DISTRICT, DALIAN F4 116023
Zhenyu Wang	director	NO.9#22 GONGJIAN COMMUNITY,, QIANJIN DISTRICT,, JIAMUSI CITY,HEILONGJIANG PROV F4 154000
Cheng Li	director	NO.49, GROUP 3, YUCAI COMMUNITY, XIANGYANG DISTRICT, JIAMUSI, HEILONGJIANG PROVINCE F4 154000
Hui Zhang	director	NO.88, 501,NANHE ST, SHAHEKOU DISTRICT, DALIAN CITY, LIAONING PROVINCE F4 116000
Qinghua Shi	director	NO.43, 6-4-1, ANSHAN ROAD, XIGANG DISTRICT, DALIAN, LIAONING PROVINCE F4 116000
Anthony Vincent Saviano	director	30 N. GOULD ST., STE R.,, SHERIDAN, WY 82801
Yongsheng Fu	director	NO.97, GROUP 10, YONGTAI COMMUNITY, XIANGYANG DISTRICT,, JIAMUSI, HEILONGJIANG PROVINCE F4 154000
Jialin Liang	director	NO.777 HAIAN ROAD, JILIN PROVINCE, CHANGCHUN CITY F4 130000
Bailiang Yang	director, officer: Chairman of the Board of Dir.	NO. 279, ZHONGNAN RD, ZHONGSHAN DIST., DALIAN, LIAONING F4 116015