Hygeia Healthcare Holdings Co has a current ratio of 1.02. It generally indicates good short-term financial strength.
The historical rank and industry rank for Hygeia Healthcare Holdings Co's Current Ratio or its related term are showing as below:
HKSE:06078'
s Current Ratio Range Over the Past 10 Years
Min: 0.39 Med: 1.43 Max: 10.4
Current: 1.02
During the past 7 years, Hygeia Healthcare Holdings Co's highest Current Ratio was 10.40. The lowest was 0.39. And the median was 1.43.
HKSE:06078's Current Ratio is ranked worse than 67.89% of 682
companies
in the Healthcare Providers & Services industry
Industry Median: 1.37
vs HKSE:06078: 1.02
Hygeia Healthcare Holdings Co 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.
Competitive Comparison of Hygeia Healthcare Holdings Co's Current Ratio
For the Medical Care Facilities subindustry, Hygeia Healthcare Holdings 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.
Hygeia Healthcare Holdings Co's Current Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Hygeia Healthcare Holdings Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where Hygeia Healthcare Holdings Co's Current Ratio falls into.
Hygeia Healthcare Holdings 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.
* 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.
Hygeia Healthcare Holdings Co (HKSE:06078) 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.
Hygeia Healthcare Holdings Co Current Ratio Related Terms
Thank you for viewing the detailed overview of Hygeia Healthcare Holdings Co's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Hygeia Healthcare Holdings Co (HKSE:06078) Business Description
Hygeia Healthcare Holdings Co Ltd is an oncology healthcare group in China. The company operates in three segments, namely Hospital Business, Radiotherapy Business, and Other Business. The company generates revenues by operating private for-profit hospitals it owns and provides a wide range of oncology healthcare services and other healthcare services; provision of radiotherapy center consulting services, licensing of its proprietary SRT equipment, and provision of maintenance and technical support services with its proprietary SRT equipment; and managing and operating, and receiving management fees from, private not-for-profit hospitals in which it holds organizer's interest. All of its revenues come from China.
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