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. Da Yu Financial Holdings's current ratio for the quarter that ended in Dec. 2023 was 1.51.
Da Yu Financial Holdings has a current ratio of 1.51. It generally indicates good short-term financial strength.
The historical rank and industry rank for Da Yu Financial Holdings's Current Ratio or its related term are showing as below:
HKSE:01073'
s Current Ratio Range Over the Past 10 Years
Min: 1.51 Med: 1.57 Max: 3.6
Current: 1.51
During the past 13 years, Da Yu Financial Holdings's highest Current Ratio was 3.60. The lowest was 1.51. And the median was 1.57.
HKSE:01073's Current Ratio is ranked worse than 66.41% of 661
companies
in the Capital Markets industry
Industry Median: 2.34
vs HKSE:01073: 1.51
Da Yu Financial Holdings 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 Da Yu Financial Holdings's Current Ratio
For the Capital Markets subindustry, Da Yu Financial Holdings'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.
Da Yu Financial Holdings's Current Ratio Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Da Yu Financial Holdings's Current Ratio distribution charts can be found below:
* The bar in red indicates where Da Yu Financial Holdings's Current Ratio falls into.
Da Yu Financial Holdings 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.
Da Yu Financial Holdings's Current Ratio for the fiscal year that ended in Dec. 2023 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.
Da Yu Financial Holdings (HKSE:01073) 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.
Da Yu Financial Holdings Current Ratio Related Terms
Thank you for viewing the detailed overview of Da Yu Financial Holdings's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Da Yu Financial Holdings (HKSE:01073) Business Description
Da Yu Financial Holdings Ltd is an investment holding company and is engaged in providing financial advisory services. It operates in four segments. The corporate finance advisory services include services incidental to financial advisory, compliance advisory services, placing agency and underwriting services, investment business, and others. The Asset management services include investment advisory services and sundry income derived from the provision of the services. The Securities and related services include the provision of securities broking, underwriting, and placing of securities and investment in securities. The money lending business includes the provision of loan financing and related services. The group mainly has operations located in Hong Kong.
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