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. China Best Group Holding's current ratio for the quarter that ended in Mar. 2024 was 1.12.
China Best Group Holding has a current ratio of 1.12. It generally indicates good short-term financial strength.
The historical rank and industry rank for China Best Group Holding's Current Ratio or its related term are showing as below:
HKSE:00370'
s Current Ratio Range Over the Past 10 Years
Min: 1.12 Med: 8.16 Max: 29.16
Current: 1.12
During the past 13 years, China Best Group Holding's highest Current Ratio was 29.16. The lowest was 1.12. And the median was 8.16.
HKSE:00370's Current Ratio is ranked worse than 71.03% of 1122
companies
in the Retail - Cyclical industry
Industry Median: 1.545
vs HKSE:00370: 1.12
China Best Group Holding 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 China Best Group Holding's Current Ratio
For the Specialty Retail subindustry, China Best Group Holding'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.
China Best Group Holding's Current Ratio Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, China Best Group Holding's Current Ratio distribution charts can be found below:
* The bar in red indicates where China Best Group Holding's Current Ratio falls into.
China Best Group Holding 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.
China Best Group Holding's Current Ratio for the fiscal year that ended in Mar. 2024 is calculated as
* 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.
China Best Group Holding (HKSE:00370) 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.
China Best Group Holding Current Ratio Related Terms
Thank you for viewing the detailed overview of China Best Group Holding's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
China Best Group Holding Ltd is a China-based company having various business segments namely: Trading of goods segment; b) Finance leasing segment; Money lending segment; Securities and futures brokerage segment; International air and sea freight forwarding segment; Property investment segment; Customised technical support segment; Property brokerage segment; Project management segment; Geothermal energy segment; Building construction contracting segment; and Centralised heating segment. It derives maximum revenue from PRC and also has its presence in Hong Kong and Singapore.
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