What is CSSC (Hong Kong) Shipping 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. CSSC (Hong Kong) Shipping Co's current ratio for the quarter that ended in Jun. 2024 was 21.25.
CSSC (Hong Kong) Shipping Co has a current ratio of 21.25. 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 CSSC (Hong Kong) Shipping Co's Current Ratio or its related term are showing as below:
FRA:3LL'
s Current Ratio Range Over the Past 10 Years
Min: 2.85 Med: 21.93 Max: 31.83
Current: 21.25
During the past 8 years, CSSC (Hong Kong) Shipping Co's highest Current Ratio was 31.83. The lowest was 2.85. And the median was 21.93.
FRA:3LL's Current Ratio is ranked better than 98.13% of 1069
companies
in the Business Services industry
Industry Median: 1.74
vs FRA:3LL: 21.25
CSSC (Hong Kong) Shipping 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 CSSC (Hong Kong) Shipping Co's Current Ratio
For the Rental & Leasing Services subindustry, CSSC (Hong Kong) Shipping 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.
CSSC (Hong Kong) Shipping Co's Current Ratio Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, CSSC (Hong Kong) Shipping Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where CSSC (Hong Kong) Shipping Co's Current Ratio falls into.
CSSC (Hong Kong) Shipping 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.
CSSC (Hong Kong) Shipping Co (FRA:3LL) 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.
CSSC (Hong Kong) Shipping Co Current Ratio Related Terms
Thank you for viewing the detailed overview of CSSC (Hong Kong) Shipping Co's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
CSSC (Hong Kong) Shipping Co Ltd is a shipyard-affiliated leasing company. As a player in the ship leasing industry, it offers customized ship leasing solutions that suit customers' different needs. The core business of the group is the provision of leasing services, which include finance leases and operating leases. It operates through the below segments: Leasing services, Shipbroking services, and Loan borrowings. The Leasing services segment that derives the majority of revenue provides vessel leasing services to the customers with the options of finance lease and operating lease. Geographically, the company generates revenue from customers mainly located in the PRC, Asia, United States, and Europe.
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