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Envision Greenwise Holdings (HKSE:01783) Current Ratio : 1.59 (As of Sep. 2023)


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What is Envision Greenwise Holdings 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. Envision Greenwise Holdings's current ratio for the quarter that ended in Sep. 2023 was 1.59.

Envision Greenwise Holdings has a current ratio of 1.59. It generally indicates good short-term financial strength.

The historical rank and industry rank for Envision Greenwise Holdings's Current Ratio or its related term are showing as below:

HKSE:01783' s Current Ratio Range Over the Past 10 Years
Min: 1.31   Med: 1.93   Max: 3.51
Current: 1.59

During the past 8 years, Envision Greenwise Holdings's highest Current Ratio was 3.51. The lowest was 1.31. And the median was 1.93.

HKSE:01783's Current Ratio is ranked better than
52.23% of 1683 companies
in the Construction industry
Industry Median: 1.55 vs HKSE:01783: 1.59

Envision Greenwise Holdings Current Ratio Historical Data

The historical data trend for Envision Greenwise Holdings'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.

Envision Greenwise Holdings Current Ratio Chart

Envision Greenwise Holdings Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Current Ratio
Get a 7-Day Free Trial 2.74 2.83 3.21 1.71 1.31

Envision Greenwise Holdings Semi-Annual Data
Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 2.02 1.71 1.35 1.31 1.59

Competitive Comparison of Envision Greenwise Holdings's Current Ratio

For the Engineering & Construction subindustry, Envision Greenwise 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.


Envision Greenwise Holdings's Current Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Envision Greenwise Holdings's Current Ratio distribution charts can be found below:

* The bar in red indicates where Envision Greenwise Holdings's Current Ratio falls into.



Envision Greenwise 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.

Envision Greenwise Holdings's Current Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Current Ratio (A: Mar. 2023 )=Total Current Assets (A: Mar. 2023 )/Total Current Liabilities (A: Mar. 2023 )
=221.802/169.686
=1.31

Envision Greenwise Holdings's Current Ratio for the quarter that ended in Sep. 2023 is calculated as

Current Ratio (Q: Sep. 2023 )=Total Current Assets (Q: Sep. 2023 )/Total Current Liabilities (Q: Sep. 2023 )
=340.855/214.883
=1.59

* 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.


Envision Greenwise Holdings  (HKSE:01783) 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.


Envision Greenwise Holdings Current Ratio Related Terms

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Envision Greenwise Holdings (HKSE:01783) Business Description

Traded in Other Exchanges
N/A
Address
26 Harbour Road, Room 2901 & 09-10, 29 floor, China Resources Building, Wanchai, HKG
Envision Greenwise Holdings Ltd Formerly Golden Ponder Holdings Ltd is an investment holding company. Along with its subsidiaries, the company provides superstructure building and RMAA works services and works as a main contractor in Hong Kong. Its superstructure building works refer to building works in relation to the parts of the structure above the ground level and the scope of superstructure building works contracts consists of development projects for residential and commercial buildings. While its RMAA works refer to the repair, maintenance, and additional work for an existing structure. Geographically, the group derives revenue from Hong Kong. Its key revenue source is from the superstructure building works.

Envision Greenwise Holdings (HKSE:01783) Headlines

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