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What is Progressive Path Group Holdings Current Ratio?
Progressive Path Group HoldingsHKSE:01581 54 Current Ratio is 1.70 as of Mar. 2026, which is 10% above its 10-year median of 1.54. GuruFocus rates HKSE:01581 with a GF Score™ of 54/100 and a GF Value™ of HK$0.18 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,090 Business Services companies, Progressive Path Group Holdings ranks worse than 53.12% on this metric.
Progressive Path Group Holdings (HKSE:01581) 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.
Progressive Path Group Holdings Current Ratio Related Terms
Progressive Path Group 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.
Progressive Path Group Holdings Current Ratio Chart
HKSE:01581 vs URI, SUNB, AER: Current Ratio Comparison
For the Rental & Leasing Services subindustry, Progressive Path Group 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.
Progressive Path Group Holdings Current Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, Progressive Path Group Holdings's Current Ratio distribution charts can be found below:
* The bar in red indicates where Progressive Path Group Holdings'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.
Progressive Path Group Holdings (HKSE:01581) has a Current Ratio of 1.70 as of Mar. 2026. This is 10% above median its historical median of 1.54. Over the past decade, Progressive Path Group Holdings' Current Ratio has ranged from 1.10 to 2.52. According to the industry distribution chart, Progressive Path Group Holdings ranks #579 out of 1090 companies in the Business Services industry, placing it in the top 53.1%.
Is Progressive Path Group Holdings' Current Ratio too high?
Progressive Path Group Holdings' current Current Ratio of 1.70 is 10% above median its 10-year median of 1.54. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 2.52. The Business Services industry median Current Ratio is 1.83. Progressive Path Group Holdings' value of 1.70 is 6.8% below this industry median. Based on the distribution chart, Progressive Path Group Holdings ranks #579 out of 1090 companies in the Business Services industry, which is below the industry midpoint. Overall, Progressive Path Group Holdings has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Progressive Path Group Holdings' Current Ratio compare to URI and SUNB?
According to the Business Services industry distribution chart, Progressive Path Group Holdings ranks #579 out of 1090 companies for Current Ratio. This places Progressive Path Group Holdings in the lower half of its industry. The industry median Current Ratio is 1.83. Progressive Path Group Holdings' value of 1.70 is 6.8% below this benchmark. Historically, Progressive Path Group Holdings' own Current Ratio has ranged from 1.10 to 2.52 over the past decade. While the company's 10-year median is 1.54 vs. the industry median of 1.83, Progressive Path Group Holdings 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 Business Services company?
The median Current Ratio among Business Services companies is 1.83, based on 1,090 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. Progressive Path Group Holdings's current Current Ratio of 1.70 is 6.8% 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 Business Services industry, the median Current Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progressive Path Group Holdings's current Current Ratio is 1.70, which is 10% above median its own 10-year median of 1.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progressive Path Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Progressive Path Group Holdings (HKSE:01581) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.18, compared to a current price of HK$0.33 — trading 83.3% above its estimated fair value. The current Current Ratio is 1.70, which is 10% above median its 10-year median of 1.54 and 6.8% below the Business Services industry median of 1.83. Progressive Path Group Holdings' overall GF Score™ is 54/100 with 3 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 Progressive Path Group Holdings (HKSE:01581), the current Current Ratio is 1.70 as of Mar. 2026. 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 Progressive Path Group Holdings (HKSE:01581) Overvalued in 2026?
Based on GuruFocus' analysis, Progressive Path Group Holdings stock appears to be overvalued.
The current stock price of HK$0.33 is trading 83.3% above its estimated GF Value™ of HK$0.18.
GuruFocus considers Progressive Path Group Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01581:
Current Ratio: 1.70 (10% above median its 10-year median of 1.54)
GF Value™: HK$0.18 vs. price of HK$0.33 (83.3% above fair value)
Industry Position: 6.8% below the Business Services median (#579 of 1090)
No single metric tells the full story. See the HKSE:01581 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Progressive Path Group Holdings Ltd is engaged in construction engineering work and the provision of construction machinery rental services in Hong Kong. Its construction machinery rental services represent the rental of construction machines and construction vehicles to customers, and the provision of machine operators and transportation services as part of its one-stop construction machinery rental services. Its construction works represent the construction projects undertaken, the nature of which are broadly classified as foundation and site formation works, and builder's work and general building works. Its segments are Construction works and Construction Machinery Rental. Majority of the revenue is derived from the Construction works segment.
54GF Score
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