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HKSE:00840's Current Ratio is ranked worse than 81.13% of 212
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.785
vs HKSE:00840: 1.26
Xinjiang Tianye Waterving Irrigation System Co (HKSE:00840) 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.
Xinjiang Tianye Waterving Irrigation System Co Current Ratio Related Terms
Xinjiang Tianye Waterving Irrigation System 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.
Xinjiang Tianye Waterving Irrigation System Co Current Ratio Chart
Xinjiang Tianye Waterving Irrigation System Co Annual Data
HKSE:00840 vs CAT, DE, PCAR: Current Ratio Comparison
For the Farm & Heavy Construction Machinery subindustry, Xinjiang Tianye Waterving Irrigation System 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.
Xinjiang Tianye Waterving Irrigation System Co Current Ratio vs Farm & Heavy Construction Machinery Industry
* 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.
Xinjiang Tianye Waterving Irrigation System Co (HKSE:00840) has a Current Ratio of 1.26 as of Dec. 2025. This is 37% below median its historical median of 2.00. Over the past decade, Xinjiang Tianye Waterving Irrigation System Co's Current Ratio has ranged from 1.26 to 2.56. According to the industry distribution chart, Xinjiang Tianye Waterving Irrigation System Co ranks #172 out of 212 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 81.1%.
Is Xinjiang Tianye Waterving Irrigation System Co's Current Ratio too high?
Xinjiang Tianye Waterving Irrigation System Co's current Current Ratio of 1.26 is 37% below median its 10-year median of 2.00. Over the past 10 years, this metric has ranged from a low of 1.26 to a high of 2.56. The Farm & Heavy Construction Machinery industry median Current Ratio is 1.79. Xinjiang Tianye Waterving Irrigation System Co's value of 1.26 is 29.4% below this industry median. Based on the distribution chart, Xinjiang Tianye Waterving Irrigation System Co ranks #172 out of 212 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Xinjiang Tianye Waterving Irrigation System Co has a GF Score™ of 30/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Xinjiang Tianye Waterving Irrigation System Co's Current Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Xinjiang Tianye Waterving Irrigation System Co ranks #172 out of 212 companies for Current Ratio. This places Xinjiang Tianye Waterving Irrigation System Co in the lower half of its industry. The industry median Current Ratio is 1.79. Xinjiang Tianye Waterving Irrigation System Co's value of 1.26 is 29.4% below this benchmark. Historically, Xinjiang Tianye Waterving Irrigation System Co's own Current Ratio has ranged from 1.26 to 2.56 over the past decade. While the company's 10-year median is 2.00 vs. the industry median of 1.79, Xinjiang Tianye Waterving Irrigation System Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Farm & Heavy Construction Machinery company?
The median Current Ratio among Farm & Heavy Construction Machinery companies is 1.79, based on 212 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Xinjiang Tianye Waterving Irrigation System Co's current Current Ratio of 1.26 is 29.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Farm & Heavy Construction Machinery industry, the median Current Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xinjiang Tianye Waterving Irrigation System Co's current Current Ratio is 1.26, which is 37% below median its own 10-year median of 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xinjiang Tianye Waterving Irrigation System Co stock overvalued right now?
Based on GuruFocus' analysis, Xinjiang Tianye Waterving Irrigation System Co (HKSE:00840) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.08, compared to a current price of HK$0.17 — trading 112.5% above its estimated fair value. The current Current Ratio is 1.26, which is 37% below median its 10-year median of 2.00 and 29.4% below the Farm & Heavy Construction Machinery industry median of 1.79. Xinjiang Tianye Waterving Irrigation System Co's overall GF Score™ is 30/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Xinjiang Tianye Waterving Irrigation System Co (HKSE:00840), the current Current Ratio is 1.26 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Xinjiang Tianye Waterving Irrigation System Co (HKSE:00840) Overvalued in 2026?
Based on GuruFocus' analysis, Xinjiang Tianye Waterving Irrigation System Co stock appears to be overvalued.
The current stock price of HK$0.17 is trading 112.5% above its estimated GF Value™ of HK$0.08.
GuruFocus considers Xinjiang Tianye Waterving Irrigation System Co to be Significantly Overvalued.
Key valuation signals for HKSE:00840:
Current Ratio: 1.26 (37% below median its 10-year median of 2.00)
GF Value™: HK$0.08 vs. price of HK$0.17 (112.5% above fair value)
Industry Position: 29.4% below the Farm & Heavy Construction Machinery median (#172 of 212)
No single metric tells the full story. See the HKSE:00840 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Xinjiang Tianye Water Saving Irrigation System Co Ltd is a China-based firm engaged in the manufacture of plastic products. Its activities include the production and marketing of agricultural plastic water-saving irrigation equipment and plastic pipelines, and construction and installation of water-saving irrigation systems. The company's products include the PVC materials for water supply pipes, PE piping materials and accessories, pressure compensatory drip tapes, labyrinth-style drip tapes, embedded-style drip tapes, agricultural tapes and drippers. It also offers installation services for water-saving irrigation systems.
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