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China Electronics Optics Valley Union Holding Co (HKSE:00798) Current Ratio : 1.29 (As of Jun. 2024)


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What is China Electronics Optics Valley Union Holding 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. China Electronics Optics Valley Union Holding Co's current ratio for the quarter that ended in Jun. 2024 was 1.29.

China Electronics Optics Valley Union Holding Co has a current ratio of 1.29. It generally indicates good short-term financial strength.

The historical rank and industry rank for China Electronics Optics Valley Union Holding Co's Current Ratio or its related term are showing as below:

HKSE:00798' s Current Ratio Range Over the Past 10 Years
Min: 1.27   Med: 1.58   Max: 2.34
Current: 1.29

During the past 11 years, China Electronics Optics Valley Union Holding Co's highest Current Ratio was 2.34. The lowest was 1.27. And the median was 1.58.

HKSE:00798's Current Ratio is ranked worse than
63.76% of 1824 companies
in the Real Estate industry
Industry Median: 1.65 vs HKSE:00798: 1.29

China Electronics Optics Valley Union Holding Co Current Ratio Historical Data

The historical data trend for China Electronics Optics Valley Union Holding Co'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.

China Electronics Optics Valley Union Holding Co Current Ratio Chart

China Electronics Optics Valley Union Holding Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.51 1.27 1.35 1.42 1.40

China Electronics Optics Valley Union Holding Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.43 1.42 1.45 1.40 1.29

Competitive Comparison of China Electronics Optics Valley Union Holding Co's Current Ratio

For the Real Estate Services subindustry, China Electronics Optics Valley Union Holding 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.


China Electronics Optics Valley Union Holding Co's Current Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Electronics Optics Valley Union Holding Co's Current Ratio distribution charts can be found below:

* The bar in red indicates where China Electronics Optics Valley Union Holding Co's Current Ratio falls into.



China Electronics Optics Valley Union Holding 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.

China Electronics Optics Valley Union Holding Co's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )=Total Current Assets (A: Dec. 2023 )/Total Current Liabilities (A: Dec. 2023 )
=13714.868/9769.185
=1.40

China Electronics Optics Valley Union Holding Co's Current Ratio for the quarter that ended in Jun. 2024 is calculated as

Current Ratio (Q: Jun. 2024 )=Total Current Assets (Q: Jun. 2024 )/Total Current Liabilities (Q: Jun. 2024 )
=14783.851/11418.525
=1.29

* 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 Electronics Optics Valley Union Holding Co  (HKSE:00798) 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 Electronics Optics Valley Union Holding Co Current Ratio Related Terms

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China Electronics Optics Valley Union Holding Co Business Description

Traded in Other Exchanges
N/A
Address
16 Ye Zhi Hu West Road, Building No. 1, Higher Level, Creative Capital, Hongshan District, Hubei, Wuhan, CHN
China Electronics Optics Valley Union Holding Co Ltd is an investment holding company engaged in the development of properties. The segments are Industrial Park development services; industrial investment, and industrial park operation services including design and construction services, property management services, leasing services, energy services, digital park (apartment) services, incubator and office sharing services, industrial park financial services as well as group catering and hotel services; and industrial investment this segment represents industrial-related industry investment businesses in various theme parks. The group's operations are located in Mainland China.
Executives
Huang Liping 2201 Interest of corporation controlled by you
Aaa Finance And Investment Holdings Limited 2101 Beneficial owner
China Electronics Corporation Limited 2201 Interest of corporation controlled by you
Hubei Science & Technology Investment Group (hong Kong) Company Limited 2101 Beneficial owner
Hubei Science & Technology Investment Group Co., Ltd. 2201 Interest of corporation controlled by you

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