China Tian Yuan Healthcare Group has a current ratio of 3.92. 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 China Tian Yuan Healthcare Group's Current Ratio or its related term are showing as below:
HKSE:00557'
s Current Ratio Range Over the Past 10 Years
Min: 3.92 Med: 8.08 Max: 18.54
Current: 3.92
During the past 13 years, China Tian Yuan Healthcare Group's highest Current Ratio was 18.54. The lowest was 3.92. And the median was 8.08.
HKSE:00557's Current Ratio is ranked better than 85.21% of 683
companies
in the Healthcare Providers & Services industry
Industry Median: 1.37
vs HKSE:00557: 3.92
China Tian Yuan Healthcare Group 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.
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China Tian Yuan Healthcare Group Current Ratio Chart
Competitive Comparison of China Tian Yuan Healthcare Group's Current Ratio
For the Medical Care Facilities subindustry, China Tian Yuan Healthcare Group'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 Tian Yuan Healthcare Group's Current Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, China Tian Yuan Healthcare Group's Current Ratio distribution charts can be found below:
* The bar in red indicates where China Tian Yuan Healthcare Group's Current Ratio falls into.
China Tian Yuan Healthcare Group 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.
China Tian Yuan Healthcare Group (HKSE:00557) 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 Tian Yuan Healthcare Group Current Ratio Related Terms
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China Tian Yuan Healthcare Group (HKSE:00557) Business Description
China Tian Yuan Healthcare Group Ltd is an investment holding company with an interest primarily in the hospitality sector. Its segment includes Investment holding, Hospitality, Healthcare, Money lending and related business. The investment Holding segment invests in listed equity investments and unlisted marketable equitable equity mutual funds. The hospitality segment offers procurement services to the hospitality industry. The Healthcare segment provides procurement, marketing, and management services to the medical industry. The Money Lending and Related Business segment comprise referral and handling fees receivable, interests earned from the provision related business of loans to third parties. Geographically, it generates a majority of its revenue from the China.
China Tian Yuan Healthcare Group (HKSE:00557) Headlines
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