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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. Pujiang International Group's current ratio for the quarter that ended in Jun. 2023 was 1.56.
Pujiang International Group has a current ratio of 1.56. It generally indicates good short-term financial strength.
The historical rank and industry rank for Pujiang International Group's Current Ratio or its related term are showing as below:
HKSE:02060's Current Ratio is not ranked *
in the Industrial Products industry.
Industry Median: 1.95 * Ranked among companies with meaningful Current Ratio only.
Pujiang International Group (HKSE:02060) 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.
Pujiang International Group Current Ratio Related Terms
Pujiang International Group 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.
HKSE:02060 vs ATI, MLI, ESAB: Current Ratio Comparison
For the Metal Fabrication subindustry, Pujiang International 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.
Pujiang International Group Current Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Pujiang International Group's Current Ratio distribution charts can be found below:
* The bar in red indicates where Pujiang International Group'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.
Pujiang International Group (HKSE:02060) has a Current Ratio of 1.56 as of Jun. 2023.
Is Pujiang International Group's Current Ratio too high?
Pujiang International Group's current Current Ratio is 1.56. The Industrial Products industry median Current Ratio is 1.95. Pujiang International Group's value of 1.56 is 20% below this industry median. Overall, Pujiang International Group has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Pujiang International Group's Current Ratio compare to ATI and MLI?
Pujiang International Group's Current Ratio of 1.56 can be compared against companies in the Industrial Products industry. The industry median Current Ratio is 1.95. Pujiang International Group's value of 1.56 is 20% below this benchmark. 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 an Industrial Products company?
The median Current Ratio among Industrial Products companies is 1.95, based on 3,084 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. Pujiang International Group's current Current Ratio of 1.56 is 20% 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 Industrial Products industry, the median Current Ratio is 1.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pujiang International Group's current Current Ratio is 1.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pujiang International Group stock overvalued right now?
Pujiang International Group (HKSE:02060) has a current Current Ratio of 1.56. The current Current Ratio is 1.56 and 20% below the Industrial Products industry median of 1.95. Pujiang International Group's overall GF Score™ is 4/100. 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 Pujiang International Group (HKSE:02060), the current Current Ratio is 1.56 as of Jun. 2023. 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.
Pujiang International Group Ltd is a provider of bridge cables for the construction of super-long-span bridges in China and prestressed materials manufacturers in China. It is principally engaged in the manufacture of cables for the construction of bridges and prestressed materials for various infrastructure construction. The company has two main reporting business segments, namely, the business which manufactures cables for long-span bridges (the Cable Business) and the business which manufactures prestressed materials for various infrastructure construction (the Prestressed Materials Business). The Group's revenue customers are derived mainly from its operations in China.
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