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360 Ludashi Holdings (HKSE:03601) Current Ratio : 5.78 (As of Jun. 2024)


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What is 360 Ludashi 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. 360 Ludashi Holdings's current ratio for the quarter that ended in Jun. 2024 was 5.78.

360 Ludashi Holdings has a current ratio of 5.78. 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.

The historical rank and industry rank for 360 Ludashi Holdings's Current Ratio or its related term are showing as below:

HKSE:03601' s Current Ratio Range Over the Past 10 Years
Min: 5.78   Med: 8.72   Max: 14.41
Current: 5.78

During the past 8 years, 360 Ludashi Holdings's highest Current Ratio was 14.41. The lowest was 5.78. And the median was 8.72.

HKSE:03601's Current Ratio is ranked better than
81.82% of 583 companies
in the Interactive Media industry
Industry Median: 2.17 vs HKSE:03601: 5.78

360 Ludashi Holdings Current Ratio Historical Data

The historical data trend for 360 Ludashi 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.

360 Ludashi Holdings Current Ratio Chart

360 Ludashi Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Current Ratio
Get a 7-Day Free Trial 8.72 14.41 12.07 10.38 6.01

360 Ludashi Holdings Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 13.55 10.38 7.01 6.01 5.78

Competitive Comparison of 360 Ludashi Holdings's Current Ratio

For the Internet Content & Information subindustry, 360 Ludashi 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.


360 Ludashi Holdings's Current Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, 360 Ludashi Holdings's Current Ratio distribution charts can be found below:

* The bar in red indicates where 360 Ludashi Holdings's Current Ratio falls into.



360 Ludashi 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.

360 Ludashi Holdings'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 )
=770.169/128.097
=6.01

360 Ludashi Holdings's Current Ratio for the quarter that ended in Jun. 2024 is calculated as

Current Ratio (Q: Jun. 2024 )=Total Current Assets (Q: Jun. 2024 )/Total Current Liabilities (Q: Jun. 2024 )
=787.727/136.206
=5.78

* 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.


360 Ludashi Holdings  (HKSE:03601) 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.


360 Ludashi Holdings Current Ratio Related Terms

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360 Ludashi Holdings Business Description

Traded in Other Exchanges
N/A
Address
1268 Tianfu Avenue, 11th Floor, 11-24 Tianfu Software Site E1, High-tech Zone, Sichuan Province, Chengdu, CHN, 610041
360 Ludashi Holdings Ltd is a hardware and system benchmarking and monitoring solutions provider for PC and mobile devices in China. The company derives revenue from two business lines, namely online traffic monetization and electronic device sales. The online traffic monetization revenue is derived from online advertising services, online game platforms, and the operation of exclusive licensed online game business. The revenue from electronic device sales mainly includes revenue from sales of smart accessories. The firm derives a majority of its revenue from online traffic monetization.
Executives
True Thrive Limited 2101 Beneficial owner
Dashi Technology Holdings Limited 2101 Beneficial owner
Tian Ye 2201 Interest of corporation controlled by you
360 Security Technology Inc. 2201 Interest of corporation controlled by you
Tianjin Qixin Zhicheng Technology Company Limited 2201 Interest of corporation controlled by you
Zhou Hongyi 2201 Interest of corporation controlled by you
Shanghai Dongfangwang Stock Company Limited 2201 Interest of corporation controlled by you
Shanghai Songheng Network Technology Company Limited 2201 Interest of corporation controlled by you
360 Technology Group Co., Ltd. 2201 Interest of corporation controlled by you
True Thrive Limited 2101 Beneficial owner
Hong Kong Songyuan International Limited 2201 Interest of corporation controlled by you
Shanghai Gaoxin Computer System Company Limited 2201 Interest of corporation controlled by you
Songchang International Limited 2101 Beneficial owner

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