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Kaneso CoNGO:5979 +0.59%73 Current Ratio is 13.71 as of Mar. 2026, which is 17% below its 10-year median of 16.42. GuruFocus rates NGO:5979 with a GF Score™ of 73/100 and a GF Value™ of 円4,622.17 (Fairly Valued). The stock has 6 warning signs investors should review. Among 634 Steel companies, Kaneso Co ranks better than 96.06% on this metric.
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. Kaneso Co's current ratio for the quarter that ended in Mar. 2026 was 13.71.
Kaneso Co has a current ratio of 13.71. 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 Kaneso Co's Current Ratio or its related term are showing as below:
NGO:5979'
s Current Ratio Range Over the Past 10 Years
Min: 11.04 Med: 16.42 Max: 18.8
Current: 13.71
During the past 13 years, Kaneso Co's highest Current Ratio was 18.80. The lowest was 11.04. And the median was 16.42.
NGO:5979's Current Ratio is ranked better than 96.06% of 634
companies
in the Steel industry
Industry Median: 1.63
vs NGO:5979: 13.71
Kaneso Co (NGO:5979) 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.
Kaneso Co Current Ratio Related Terms
Kaneso Co Current Ratio Historical Data
* Premium members only.
The historical data trend for Kaneso Co'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.
NGO:5979 vs NUE, STLD, RS: Current Ratio Comparison
For the Steel subindustry, Kaneso 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.
Kaneso Co Current Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Kaneso Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where Kaneso Co'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.
Kaneso Co (NGO:5979) has a Current Ratio of 13.71 as of Mar. 2026. This is 17% below median its historical median of 16.42. Over the past decade, Kaneso Co's Current Ratio has ranged from 11.04 to 18.80. According to the industry distribution chart, Kaneso Co ranks #25 out of 634 companies in the Steel industry, placing it in the top 3.9%.
Is Kaneso Co's Current Ratio too high?
Kaneso Co's current Current Ratio of 13.71 is 17% below median its 10-year median of 16.42. Over the past 10 years, this metric has ranged from a low of 11.04 to a high of 18.80. The Steel industry median Current Ratio is 1.63. Kaneso Co's value of 13.71 is 741.1% above this industry median. Based on the distribution chart, Kaneso Co ranks #25 out of 634 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Kaneso Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kaneso Co's Current Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Kaneso Co ranks #25 out of 634 companies for Current Ratio. This places Kaneso Co in the top 4% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.63. Kaneso Co's value of 13.71 is 741.1% above this benchmark. Historically, Kaneso Co's own Current Ratio has ranged from 11.04 to 18.80 over the past decade. While the company's 10-year median is 16.42 vs. the industry median of 1.63, Kaneso 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 Steel company?
The median Current Ratio among Steel companies is 1.63, based on 634 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. Kaneso Co's current Current Ratio of 13.71 is 741.1% 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 Steel industry, the median Current Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kaneso Co's current Current Ratio is 13.71, which is 17% below median its own 10-year median of 16.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaneso Co stock overvalued right now?
Based on GuruFocus' analysis, Kaneso Co (NGO:5979) is currently considered Fairly Valued. The stock's GF Value™ is 円4,622.17, compared to a current price of 円5,100.00 — trading 10.3% above its estimated fair value. The current Current Ratio is 13.71, which is 17% below median its 10-year median of 16.42 and 741.1% above the Steel industry median of 1.63. Kaneso Co's overall GF Score™ is 73/100 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 Kaneso Co (NGO:5979), the current Current Ratio is 13.71 as of Mar. 2026. 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 Kaneso Co (NGO:5979) Overvalued in 2026?
Based on GuruFocus' analysis, Kaneso Co stock appears to be overvalued.
The current stock price of 円5,100.00 is trading 10.3% above its estimated GF Value™ of 円4,622.17.
GuruFocus considers Kaneso Co to be Fairly Valued.
Key valuation signals for NGO:5979:
Current Ratio: 13.71 (17% below median its 10-year median of 16.42)
GF Value™: 円4,622.17 vs. price of 円5,100.00 (10.3% above fair value)
Industry Position: 741.1% above the Steel median (#25 of 634)
No single metric tells the full story. See the NGO:5979 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kaneso Co Ltd is the manufacturer and seller of construction, disaster prevention, urban landscape development, environmental, welfare, greening-related products, and industrial castings. The company generates revenue from Cast iron equipment, Steel equipment, and Fabricated hardware.
73GF Score
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