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Hebei Haiwei Electronic New Material Technology Co has a current ratio of 21.74. 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.
Hebei Haiwei Electronic New Material Technology Co (HKSE:09609) 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.
Hebei Haiwei Electronic New Material Technology Co Current Ratio Related Terms
Hebei Haiwei Electronic New Material Technology 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.
Hebei Haiwei Electronic New Material Technology Co Current Ratio Chart
Hebei Haiwei Electronic New Material Technology Co Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Current Ratio
1.22
4.11
7.32
21.74
Hebei Haiwei Electronic New Material Technology Co Semi-Annual Data
Dec22
Dec23
Dec24
Dec25
Current Ratio
1.22
4.11
7.32
21.74
HKSE:09609 vs APH, GLW, TEL: Current Ratio Comparison
* 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.
Hebei Haiwei Electronic New Material Technology Co Current Ratio vs Hardware 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.
Hebei Haiwei Electronic New Material Technology Co (HKSE:09609) has a Current Ratio of 21.74 as of Dec. 2025. This is 280% above median its historical median of 5.72. Over the past decade, Hebei Haiwei Electronic New Material Technology Co's Current Ratio has ranged from 1.22 to 21.74. According to the industry distribution chart, Hebei Haiwei Electronic New Material Technology Co ranks #29 out of 2497 companies in the Hardware industry, placing it in the top 1.2%.
Is Hebei Haiwei Electronic New Material Technology Co's Current Ratio too high?
Hebei Haiwei Electronic New Material Technology Co's current Current Ratio of 21.74 is 280% above median its 10-year median of 5.72. Over the past 10 years, this metric has ranged from a low of 1.22 to a high of 21.74. The Hardware industry median Current Ratio is 1.94. Hebei Haiwei Electronic New Material Technology Co's value of 21.74 is 1020.6% above this industry median. Based on the distribution chart, Hebei Haiwei Electronic New Material Technology Co ranks #29 out of 2497 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Hebei Haiwei Electronic New Material Technology Co has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Hebei Haiwei Electronic New Material Technology Co's Current Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Hebei Haiwei Electronic New Material Technology Co ranks #29 out of 2497 companies for Current Ratio. This places Hebei Haiwei Electronic New Material Technology Co in the top 1% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.94. Hebei Haiwei Electronic New Material Technology Co's value of 21.74 is 1020.6% above this benchmark. Historically, Hebei Haiwei Electronic New Material Technology Co's own Current Ratio has ranged from 1.22 to 21.74 over the past decade. While the company's 10-year median is 5.72 vs. the industry median of 1.94, Hebei Haiwei Electronic New Material Technology Co 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 Hardware company?
The median Current Ratio among Hardware companies is 1.94, based on 2,497 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. Hebei Haiwei Electronic New Material Technology Co's current Current Ratio of 21.74 is 1020.6% 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 Hardware industry, the median Current Ratio is 1.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hebei Haiwei Electronic New Material Technology Co's current Current Ratio is 21.74, which is 280% above median its own 10-year median of 5.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hebei Haiwei Electronic New Material Technology Co stock overvalued right now?
Hebei Haiwei Electronic New Material Technology Co (HKSE:09609) has a current Current Ratio of 21.74. The current Current Ratio is 21.74, which is 280% above median its 10-year median of 5.72 and 1020.6% above the Hardware industry median of 1.94. Hebei Haiwei Electronic New Material Technology Co's overall GF Score™ is 21/100 with 1 warning sign 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 Hebei Haiwei Electronic New Material Technology Co (HKSE:09609), the current Current Ratio is 21.74 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.
Hebei Haiwei Electronic New Material Technology Co Ltd is a capacitor film manufacturer in China. Its capacitor film products include capacitor base films and metallized films. These products are key components of film capacitors, a type of capacitor known for its outstanding voltage resistance, high-frequency stability, and long lifespan. Film capacitors have a wide range of end-use application scenarios, including new energy vehicles, new energy power systems, industrial equipment, and household appliances. The company's customers include film capacitor manufacturers and BYD, a Chinese new energy vehicle company.
21GF Score
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