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HPAGF (China High Precision Automation Group) Current Ratio : 21.07 (As of Jun. 2024)


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What is China High Precision Automation Group 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. China High Precision Automation Group's current ratio for the quarter that ended in Jun. 2024 was 21.07.

China High Precision Automation Group has a current ratio of 21.07. 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 China High Precision Automation Group's Current Ratio or its related term are showing as below:

HPAGF' s Current Ratio Range Over the Past 10 Years
Min: 20.64   Med: 23.44   Max: 26.74
Current: 21.07

During the past 13 years, China High Precision Automation Group's highest Current Ratio was 26.74. The lowest was 20.64. And the median was 23.44.

HPAGF's Current Ratio is ranked better than
98.83% of 2470 companies
in the Hardware industry
Industry Median: 2.02 vs HPAGF: 21.07

China High Precision Automation Group Current Ratio Historical Data

The historical data trend for China High Precision Automation Group'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.

China High Precision Automation Group Current Ratio Chart

China High Precision Automation Group Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.74 23.38 24.11 20.64 21.07

China High Precision Automation Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.11 27.65 20.64 22.39 21.07

Competitive Comparison of China High Precision Automation Group's Current Ratio

For the Scientific & Technical Instruments subindustry, China High Precision Automation 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.


China High Precision Automation Group's Current Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, China High Precision Automation Group's Current Ratio distribution charts can be found below:

* The bar in red indicates where China High Precision Automation Group's Current Ratio falls into.



China High Precision Automation 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.

China High Precision Automation Group's Current Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Current Ratio (A: Jun. 2024 )=Total Current Assets (A: Jun. 2024 )/Total Current Liabilities (A: Jun. 2024 )
=207.665/9.858
=21.07

China High Precision Automation Group'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 )
=207.665/9.858
=21.07

* 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.


China High Precision Automation Group  (OTCPK:HPAGF) 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.


China High Precision Automation Group Current Ratio Related Terms

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China High Precision Automation Group Business Description

Traded in Other Exchanges
Address
18 Fenwick Street, 7th Floor, Room 703, Jubilee Centre, Wanchai, Hong Kong, HKG
China High Precision Automation Group Ltd is an investment holding company, which through its subsidiaries engages in the research, development, manufacturing, and sale of industrial automation instrument and technology products. It operates through the following segments: Automation Instrument and Technology Products and Horological Instruments. The Automation Instrument and Technology Products segment which earns majority revenue manufactures and trades intelligent display instruments, flow accumulate instruments, pressure transmitters, and logging control instruments. Its Horological Instruments segment covers the manufacture and trade of multi-functional all-plastic quartz watch movements. Geographically the company receives maximum revenue from the People's Republic of China.

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