GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Ouhua Energy Holdings Ltd (SGX:AJ2) » Definitions » Current Ratio

Ouhua Energy Holdings (SGX:AJ2) Current Ratio : 1.17 (As of Jun. 2024)


View and export this data going back to 2006. Start your Free Trial

What is Ouhua Energy 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. Ouhua Energy Holdings's current ratio for the quarter that ended in Jun. 2024 was 1.17.

Ouhua Energy Holdings has a current ratio of 1.17. It generally indicates good short-term financial strength.

The historical rank and industry rank for Ouhua Energy Holdings's Current Ratio or its related term are showing as below:

SGX:AJ2' s Current Ratio Range Over the Past 10 Years
Min: 0.68   Med: 1.17   Max: 1.33
Current: 1.17

During the past 13 years, Ouhua Energy Holdings's highest Current Ratio was 1.33. The lowest was 0.68. And the median was 1.17.

SGX:AJ2's Current Ratio is ranked better than
54.51% of 510 companies
in the Utilities - Regulated industry
Industry Median: 1.085 vs SGX:AJ2: 1.17

Ouhua Energy Holdings Current Ratio Historical Data

The historical data trend for Ouhua Energy 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.

Ouhua Energy Holdings Current Ratio Chart

Ouhua Energy Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.17 1.23 1.32 1.33 1.20

Ouhua Energy Holdings 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 1.28 1.33 1.20 1.20 1.17

Competitive Comparison of Ouhua Energy Holdings's Current Ratio

For the Utilities - Regulated Gas subindustry, Ouhua Energy 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.


Ouhua Energy Holdings's Current Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Ouhua Energy Holdings's Current Ratio distribution charts can be found below:

* The bar in red indicates where Ouhua Energy Holdings's Current Ratio falls into.



Ouhua Energy 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.

Ouhua Energy Holdings's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )=Total Current Assets (A: Dec. 2023 )/Total Current Liabilities (A: Dec. 2023 )
=152.456/127.216
=1.20

Ouhua Energy Holdings'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 )
=144.524/123.789
=1.17

* 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.


Ouhua Energy Holdings  (SGX:AJ2) 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.


Ouhua Energy Holdings Current Ratio Related Terms

Thank you for viewing the detailed overview of Ouhua Energy Holdings's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Ouhua Energy Holdings Business Description

Traded in Other Exchanges
N/A
Address
Long Wan Suo Cheng Town, Raoping County, Guangdong Province, Chaozhou, CHN
Ouhua Energy Holdings Ltd through its subsidiaries is engaged in the import, processing, storage, and distribution of LPG in China. The company imports its raw materials, butane, and propane, from suppliers overseas and processes these into LPG for sale to customers. Its customers include lower-tier gas distributors and contract distributors.

Ouhua Energy Holdings Headlines

No Headlines