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What is Modern Innovative Digital Technology Company Current Ratio?
Modern Innovative Digital Technology CompanyHKSE:02322 +1.67% Current Ratio is 9.15 as of Mar. 2026, which is 1% below its 10-year median of 9.25. The stock has 6 warning signs investors should review. Among 551 Conglomerates companies, Modern Innovative Digital Technology Company ranks better than 94.74% on this metric.
Modern Innovative Digital Technology Company has a current ratio of 9.15. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
Modern Innovative Digital Technology Company (HKSE:02322) 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.
Modern Innovative Digital Technology Company Current Ratio Related Terms
Modern Innovative Digital Technology Company 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.
Modern Innovative Digital Technology Company Current Ratio Chart
Modern Innovative Digital Technology Company Annual Data
For the Conglomerates subindustry, Modern Innovative Digital Technology Company'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.
Modern Innovative Digital Technology Company Current Ratio vs Conglomerates Industry
* 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.
Modern Innovative Digital Technology Company (HKSE:02322) has a Current Ratio of 9.15 as of Mar. 2026. This is near median its historical median of 9.25. Over the past decade, Modern Innovative Digital Technology Company's Current Ratio has ranged from 2.99 to 16.91. According to the industry distribution chart, Modern Innovative Digital Technology Company ranks #29 out of 551 companies in the Conglomerates industry, placing it in the top 5.3%.
Is Modern Innovative Digital Technology Company's Current Ratio too high?
Modern Innovative Digital Technology Company's current Current Ratio of 9.15 is near median its 10-year median of 9.25. Over the past 10 years, this metric has ranged from a low of 2.99 to a high of 16.91. The Conglomerates industry median Current Ratio is 1.58. Modern Innovative Digital Technology Company's value of 9.15 is 479.1% above this industry median. Based on the distribution chart, Modern Innovative Digital Technology Company ranks #29 out of 551 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers.
How does Modern Innovative Digital Technology Company's Current Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Modern Innovative Digital Technology Company ranks #29 out of 551 companies for Current Ratio. This places Modern Innovative Digital Technology Company in the top 5% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.58. Modern Innovative Digital Technology Company's value of 9.15 is 479.1% above this benchmark. Historically, Modern Innovative Digital Technology Company's own Current Ratio has ranged from 2.99 to 16.91 over the past decade. While the company's 10-year median is 9.25 vs. the industry median of 1.58, Modern Innovative Digital Technology Company has consistently been above 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 Conglomerates company?
The median Current Ratio among Conglomerates companies is 1.58, based on 551 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. Modern Innovative Digital Technology Company's current Current Ratio of 9.15 is 479.1% above 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 Conglomerates industry, the median Current Ratio is 1.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modern Innovative Digital Technology Company's current Current Ratio is 9.15, which is near median its own 10-year median of 9.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Innovative Digital Technology Company stock overvalued right now?
Based on GuruFocus' analysis, Modern Innovative Digital Technology Company (HKSE:02322) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.18, compared to a current price of HK$0.06 — trading 66.1% below its estimated fair value. The current Current Ratio is 9.15, which is near median its 10-year median of 9.25 and 479.1% above the Conglomerates industry median of 1.58. 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 Modern Innovative Digital Technology Company (HKSE:02322), the current Current Ratio is 9.15 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.
Modern Innovative Digital Technology Company Ltd formerly, Hong Kong ChaoShang Group Ltd is an investment holding company. It is engaged in Trading, Money lending & factoring segment, Finance leasing, and Finance Services. The trading segment is a key revenue driver, involved in the trading of goods in the PRC and Hong Kong. Money lending includes the provision of loan and factoring financing in Hong Kong and the PRC whereas, the finance leasing segment is engaged in the provision of finance leasing and sale-leaseback in the PRC. The financial services segment engaged in the provision of securities dealing broking, placing, underwriting, margin financing, and asset management services in Hong Kong. Geographically, it generates the majority of its revenue from the PRC.
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