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. Sing Lee Software (Group)'s current ratio for the quarter that ended in Dec. 2023 was 4.83.
Sing Lee Software (Group) has a current ratio of 4.83. 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 Sing Lee Software (Group)'s Current Ratio or its related term are showing as below:
HKSE:08076'
s Current Ratio Range Over the Past 10 Years
Min: 1.59 Med: 2.87 Max: 4.83
Current: 4.83
During the past 13 years, Sing Lee Software (Group)'s highest Current Ratio was 4.83. The lowest was 1.59. And the median was 2.87.
HKSE:08076's Current Ratio is ranked better than 86.53% of 2844
companies
in the Software industry
Industry Median: 1.77
vs HKSE:08076: 4.83
Sing Lee Software (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.
Competitive Comparison of Sing Lee Software (Group)'s Current Ratio
For the Information Technology Services subindustry, Sing Lee Software (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.
Sing Lee Software (Group)'s Current Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Sing Lee Software (Group)'s Current Ratio distribution charts can be found below:
* The bar in red indicates where Sing Lee Software (Group)'s Current Ratio falls into.
Sing Lee Software (Group) 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.
Sing Lee Software (Group)'s Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Sing Lee Software (Group) (HKSE:08076) 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.
Sing Lee Software (Group) Current Ratio Related Terms
Thank you for viewing the detailed overview of Sing Lee Software (Group)'s Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Sing Lee Software (Group) Ltd is an investment holding company, which engages in the development and sale of software products. The firm develops and sells information and network technologies and services to the financial and educational industries. It also provides technical support services. It operates its business through the following segments: Sales of Software Products; Sales of Related Hardware Products; and Provision of Technical Support Services. The entity generates most of its revenue from the Provision of Technical Support Services segment. Geographically, it derives the majority of revenue from China.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:08076 has been successfully added to your 