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Millennium Pacific Group Holdings (HKSE:08147) 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.
Millennium Pacific Group Holdings Current Ratio Related Terms
Millennium Pacific Group Holdings 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.
Millennium Pacific Group Holdings Current Ratio Chart
For the Consumer Electronics subindustry, Millennium Pacific Group 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.
Millennium Pacific Group Holdings Current Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Millennium Pacific Group Holdings's Current Ratio distribution charts can be found below:
* The bar in red indicates where Millennium Pacific Group Holdings'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.
Millennium Pacific Group Holdings (HKSE:08147) has a Current Ratio of 1.16 as of Dec. 2025. This is near median its historical median of 1.18. Over the past decade, Millennium Pacific Group Holdings' Current Ratio has ranged from 0.67 to 1.91. According to the industry distribution chart, Millennium Pacific Group Holdings ranks #2080 out of 2496 companies in the Hardware industry, placing it in the top 83.3%.
Is Millennium Pacific Group Holdings' Current Ratio too high?
Millennium Pacific Group Holdings' current Current Ratio of 1.16 is near median its 10-year median of 1.18. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 1.91. The Hardware industry median Current Ratio is 1.95. Millennium Pacific Group Holdings' value of 1.16 is 40.5% below this industry median. Based on the distribution chart, Millennium Pacific Group Holdings ranks #2080 out of 2496 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Millennium Pacific Group Holdings has a GF Score™ of 30/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millennium Pacific Group Holdings' Current Ratio compare to AAPL?
According to the Hardware industry distribution chart, Millennium Pacific Group Holdings ranks #2080 out of 2496 companies for Current Ratio. This places Millennium Pacific Group Holdings in the lower half of its industry. The industry median Current Ratio is 1.95. Millennium Pacific Group Holdings' value of 1.16 is 40.5% below this benchmark. Historically, Millennium Pacific Group Holdings' own Current Ratio has ranged from 0.67 to 1.91 over the past decade. While the company's 10-year median is 1.18 vs. the industry median of 1.95, Millennium Pacific Group Holdings has consistently been below 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 Hardware company?
The median Current Ratio among Hardware companies is 1.95, based on 2,496 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. Millennium Pacific Group Holdings's current Current Ratio of 1.16 is 40.5% 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 Hardware 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. Millennium Pacific Group Holdings's current Current Ratio is 1.16, which is near median its own 10-year median of 1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millennium Pacific Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Millennium Pacific Group Holdings (HKSE:08147) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.30, compared to a current price of HK$0.37 — trading 21.7% above its estimated fair value. The current Current Ratio is 1.16, which is near median its 10-year median of 1.18 and 40.5% below the Hardware industry median of 1.95. Millennium Pacific Group Holdings' overall GF Score™ is 30/100 with 6 warning signs to review. 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 Millennium Pacific Group Holdings (HKSE:08147), the current Current Ratio is 1.16 as of Dec. 2025. 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.
Is Millennium Pacific Group Holdings (HKSE:08147) Overvalued in 2026?
Based on GuruFocus' analysis, Millennium Pacific Group Holdings stock appears to be overvalued.
The current stock price of HK$0.37 is trading 21.7% above its estimated GF Value™ of HK$0.30.
GuruFocus considers Millennium Pacific Group Holdings to be Modestly Overvalued.
Key valuation signals for HKSE:08147:
Current Ratio: 1.16 (near median its 10-year median of 1.18)
GF Value™: HK$0.30 vs. price of HK$0.37 (21.7% above fair value)
Industry Position: 40.5% below the Hardware median (#2080 of 2496)
No single metric tells the full story. See the HKSE:08147 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Millennium Pacific Group Holdings Ltd is a company that is principally engaged in developing, manufacturing, and selling consumer electronic products. The company's core products consist of fitness bracelets, GPS personal navigation devices, mobile Internet devices, and digital video recorders. The company offers customers one-stop services by providing design, sampling, production, assembly, and packaging of its products. Some of the company's products are sold through third-party retailers and online platforms. Geographically, it generates the majority of its revenue from Hong Kong.
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