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Zixin Group Holdings (SGX:42W) Current Ratio : 3.14 (As of Sep. 2024)


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What is Zixin Group Holdings 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. Zixin Group Holdings's current ratio for the quarter that ended in Sep. 2024 was 3.14.

Zixin Group Holdings has a current ratio of 3.14. 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 Zixin Group Holdings's Current Ratio or its related term are showing as below:

SGX:42W' s Current Ratio Range Over the Past 10 Years
Min: 2.58   Med: 3.87   Max: 9.11
Current: 3.14

During the past 13 years, Zixin Group Holdings's highest Current Ratio was 9.11. The lowest was 2.58. And the median was 3.87.

SGX:42W's Current Ratio is ranked better than
77.69% of 1923 companies
in the Consumer Packaged Goods industry
Industry Median: 1.69 vs SGX:42W: 3.14

Zixin Group Holdings Current Ratio Historical Data

The historical data trend for Zixin Group Holdings'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.

Zixin Group Holdings Current Ratio Chart

Zixin Group Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.62 5.00 5.69 3.39 2.98

Zixin Group Holdings Semi-Annual Data
Dec14 Jun15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 4.25 3.39 3.18 2.98 3.14

Competitive Comparison of Zixin Group Holdings's Current Ratio

For the Packaged Foods subindustry, Zixin 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.


Zixin Group Holdings's Current Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Zixin Group Holdings's Current Ratio distribution charts can be found below:

* The bar in red indicates where Zixin Group Holdings's Current Ratio falls into.



Zixin Group Holdings 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.

Zixin Group Holdings's Current Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Current Ratio (A: Mar. 2024 )=Total Current Assets (A: Mar. 2024 )/Total Current Liabilities (A: Mar. 2024 )
=51.283/17.202
=2.98

Zixin Group Holdings's Current Ratio for the quarter that ended in Sep. 2024 is calculated as

Current Ratio (Q: Sep. 2024 )=Total Current Assets (Q: Sep. 2024 )/Total Current Liabilities (Q: Sep. 2024 )
=61.746/19.659
=3.14

* 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.


Zixin Group Holdings  (SGX:42W) 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.


Zixin Group Holdings Current Ratio Related Terms

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Zixin Group Holdings Business Description

Traded in Other Exchanges
N/A
Address
60 Paya Lebar Road, No. 13-40 Paya Lebar Square, Singapore, SGP, 409051
Zixin Group Holdings Ltd is an investment holding company. The group is engaged in the research, production, and distribution of sweet potato food products across China, processed from purple sweet potatoes. The company generates its revenue from Sweet potato processed products and sweet potatoes, where the majority is generated from Sweet potato processed products.

Zixin Group Holdings Headlines

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