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. Wang On Group's current ratio for the quarter that ended in Mar. 2024 was 1.42.
Wang On Group has a current ratio of 1.42. It generally indicates good short-term financial strength.
The historical rank and industry rank for Wang On Group's Current Ratio or its related term are showing as below:
HKSE:01222'
s Current Ratio Range Over the Past 10 Years
Min: 1.42 Med: 1.85 Max: 5.96
Current: 1.42
During the past 13 years, Wang On Group's highest Current Ratio was 5.96. The lowest was 1.42. And the median was 1.85.
HKSE:01222's Current Ratio is ranked worse than 56.08% of 551
companies
in the Conglomerates industry
Industry Median: 1.51
vs HKSE:01222: 1.42
Wang On Group Current Ratio Historical Data
The historical data trend for Wang On Group'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.
Competitive Comparison of Wang On Group's Current Ratio
For the Conglomerates subindustry, Wang On 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.
Wang On Group's Current Ratio Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Wang On Group's Current Ratio distribution charts can be found below:
* The bar in red indicates where Wang On Group's Current Ratio falls into.
Wang On 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.
Wang On Group's Current Ratio for the fiscal year that ended in Mar. 2024 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.
Wang On Group (HKSE:01222) 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.
Wang On Group Current Ratio Related Terms
Thank you for viewing the detailed overview of Wang On Group's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Wang On Group Ltd is an investment holding company engaged in property development businesses. It operates in five business segments. The Property Development segment is engaged in the development of properties. The Property Investment segment is engaged in investment in industrial and commercial premises and residential units for rental or for sale. The Fresh markets segment is engaged in the management and sub-licensing of fresh markets and butchery business. The Pharmaceutical segment engages in the production and sale of pharmaceutical and health food products. The Treasury management segment engages in the provision of finance and investments in debt and other securities which earn interest income.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:01222 has been successfully added to your 