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Beijing Urban Construction Design & Development Group Co (HKSE:01599) Current Ratio : 1.12 (As of Dec. 2023)


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What is Beijing Urban Construction Design & Development Group Co Current Ratio?

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. Beijing Urban Construction Design & Development Group Co's current ratio for the quarter that ended in Dec. 2023 was 1.12.

Beijing Urban Construction Design & Development Group Co has a current ratio of 1.12. It generally indicates good short-term financial strength.

The historical rank and industry rank for Beijing Urban Construction Design & Development Group Co's Current Ratio or its related term are showing as below:

HKSE:01599' s Current Ratio Range Over the Past 10 Years
Min: 1.1   Med: 1.3   Max: 1.56
Current: 1.12

During the past 11 years, Beijing Urban Construction Design & Development Group Co's highest Current Ratio was 1.56. The lowest was 1.10. And the median was 1.30.

HKSE:01599's Current Ratio is ranked worse than
77.12% of 1696 companies
in the Construction industry
Industry Median: 1.55 vs HKSE:01599: 1.12

Beijing Urban Construction Design & Development Group Co Current Ratio Historical Data

The historical data trend for Beijing Urban Construction Design & Development Group Co'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.

* Premium members only.

Beijing Urban Construction Design & Development Group Co Current Ratio Chart

Beijing Urban Construction Design & Development Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.23 1.19 1.10 1.19 1.12

Beijing Urban Construction Design & Development Group Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.10 1.10 1.19 1.19 1.12

Competitive Comparison of Beijing Urban Construction Design & Development Group Co's Current Ratio

For the Engineering & Construction subindustry, Beijing Urban Construction Design & Development Group 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.


Beijing Urban Construction Design & Development Group Co's Current Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Beijing Urban Construction Design & Development Group Co's Current Ratio distribution charts can be found below:

* The bar in red indicates where Beijing Urban Construction Design & Development Group Co's Current Ratio falls into.



Beijing Urban Construction Design & Development Group Co 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.

Beijing Urban Construction Design & Development Group Co's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )=Total Current Assets (A: Dec. 2023 )/Total Current Liabilities (A: Dec. 2023 )
=14661.881/13123.092
=1.12

Beijing Urban Construction Design & Development Group Co's Current Ratio for the quarter that ended in Dec. 2023 is calculated as

Current Ratio (Q: Dec. 2023 )=Total Current Assets (Q: Dec. 2023 )/Total Current Liabilities (Q: Dec. 2023 )
=14661.881/13123.092
=1.12

* 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.


Beijing Urban Construction Design & Development Group Co  (HKSE:01599) 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.


Beijing Urban Construction Design & Development Group Co Current Ratio Related Terms

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Beijing Urban Construction Design & Development Group Co (HKSE:01599) Business Description

Traded in Other Exchanges
Address
No. 248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG
Beijing Urban Construction Design & Development Group Co Ltd is a state-owned professional survey and design institute founded specifically for the survey and design of Beijing Subway Line. The company is engaged in design, survey and consultancy services for urban rail transit and urban rail transit related industrial and civil construction and municipal engineering projects; and construction contracting services for urban rail transit and the service concession arrangements under the build-operate-transfer arrangements. It operates in two business segments, including the Design, Survey and Consultancy segment as well as the Construction Contracting segment.
Executives
Amundi Asset Management 2102 Investment manager
Amundi Ireland Ltd 2102 Investment manager
Jing Tou Xiang Gang You Xian Gong Si 2101 Beneficial owner
Bei Jing Shi Ji Chu She Shi Tou Zi You Xian Gong Si 2101 Beneficial owner

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