Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Chiho Environmental Group's current ratio for the quarter that ended in Jun. 2024 was 1.34.
Chiho Environmental Group has a current ratio of 1.34. It generally indicates good short-term financial strength.
The historical rank and industry rank for Chiho Environmental Group's Current Ratio or its related term are showing as below:
HKSE:00976's Current Ratio is not ranked *
in the Industrial Products industry.
Industry Median: 1.96 * Ranked among companies with meaningful Current Ratio only.
Chiho Environmental Group (HKSE:00976) 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.
Chiho Environmental Group Current Ratio Related Terms
Chiho Environmental 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.
HKSE:00976 vs CRS, ATI, MLI: Current Ratio Comparison
For the Metal Fabrication subindustry, Chiho Environmental 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.
Chiho Environmental Group Current Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Chiho Environmental Group's Current Ratio distribution charts can be found below:
* The bar in red indicates where Chiho Environmental Group's Current Ratio falls into.
* 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.
Chiho Environmental Group (HKSE:00976) has a Current Ratio of 1.34 as of Jun. 2024.
Is Chiho Environmental Group's Current Ratio too high?
Chiho Environmental Group's current Current Ratio is 1.34. The Industrial Products industry median Current Ratio is 1.96. Chiho Environmental Group's value of 1.34 is 31.6% below this industry median. Overall, Chiho Environmental Group has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Chiho Environmental Group's Current Ratio compare to CRS and ATI?
Chiho Environmental Group's Current Ratio of 1.34 can be compared against companies in the Industrial Products industry. The industry median Current Ratio is 1.96. Chiho Environmental Group's value of 1.34 is 31.6% below this benchmark. 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 an Industrial Products company?
The median Current Ratio among Industrial Products companies is 1.96, based on 3,078 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. Chiho Environmental Group's current Current Ratio of 1.34 is 31.6% 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 Industrial Products industry, the median Current Ratio is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chiho Environmental Group's current Current Ratio is 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chiho Environmental Group stock overvalued right now?
Chiho Environmental Group (HKSE:00976) has a current Current Ratio of 1.34. The current Current Ratio is 1.34 and 31.6% below the Industrial Products industry median of 1.96. Chiho Environmental Group's overall GF Score™ is 4/100. 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 Chiho Environmental Group (HKSE:00976), the current Current Ratio is 1.34 as of Jun. 2024. 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.
Chiho Environmental Group Ltd is engaged in the principal business of resources recycling, involving recycling of mixed metal, end-of-life vehicle (ELV), waste electrical and electronic equipment (WEEE), wasted oil and Zorba in Asia, Europe and North America. The company, Geographically operates in Asia, Europe and North America, out of which majority of revenue is derived Europe.
4GF Score
Get the complete analysis for HKSE:00976
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:00976 has been successfully added to your 
