Zhejiang Golden Eagle CoSHSE:600232 -2.17%72 Current Ratio is 1.67 as of Mar. 2026, which is 20% below its 10-year median of 2.08. GuruFocus rates SHSE:600232 with a GF Score™ of 72/100 and a GF Value™ of ¥6.84 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,068 Manufacturing - Apparel & Accessories companies, Zhejiang Golden Eagle Co ranks worse than 54.59% 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. Zhejiang Golden Eagle Co's current ratio for the quarter that ended in Mar. 2026 was 1.67.
Zhejiang Golden Eagle Co has a current ratio of 1.67. It generally indicates good short-term financial strength.
The historical rank and industry rank for Zhejiang Golden Eagle Co's Current Ratio or its related term are showing as below:
SHSE:600232'
s Current Ratio Range Over the Past 10 Years
Min: 1.66 Med: 2.08 Max: 2.83
Current: 1.67
During the past 13 years, Zhejiang Golden Eagle Co's highest Current Ratio was 2.83. The lowest was 1.66. And the median was 2.08.
SHSE:600232's Current Ratio is ranked worse than 54.59% of 1068
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.8
vs SHSE:600232: 1.67
Zhejiang Golden Eagle Co (SHSE:600232) 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.
Zhejiang Golden Eagle Co Current Ratio Related Terms
Zhejiang Golden Eagle 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.
Zhejiang Golden Eagle Co Current Ratio Competitor Comparison
For the Textile Manufacturing subindustry, Zhejiang Golden Eagle 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.
Zhejiang Golden Eagle Co Current Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Golden Eagle Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where Zhejiang Golden Eagle 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.
Zhejiang Golden Eagle Co (SHSE:600232) has a Current Ratio of 1.67 as of Mar. 2026. This is 20% below median its historical median of 2.08. Over the past decade, Zhejiang Golden Eagle Co's Current Ratio has ranged from 1.66 to 2.83. According to the industry distribution chart, Zhejiang Golden Eagle Co ranks #583 out of 1068 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 54.6%.
Is Zhejiang Golden Eagle Co's Current Ratio too high?
Zhejiang Golden Eagle Co's current Current Ratio of 1.67 is 20% below median its 10-year median of 2.08. Over the past 10 years, this metric has ranged from a low of 1.66 to a high of 2.83. The Manufacturing - Apparel & Accessories industry median Current Ratio is 1.80. Zhejiang Golden Eagle Co's value of 1.67 is 7.2% below this industry median. Based on the distribution chart, Zhejiang Golden Eagle Co ranks #583 out of 1068 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Zhejiang Golden Eagle Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Golden Eagle Co's Current Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Zhejiang Golden Eagle Co ranks #583 out of 1068 companies for Current Ratio. This places Zhejiang Golden Eagle Co in the lower half of its industry. The industry median Current Ratio is 1.80. Zhejiang Golden Eagle Co's value of 1.67 is 7.2% below this benchmark. Historically, Zhejiang Golden Eagle Co's own Current Ratio has ranged from 1.66 to 2.83 over the past decade. While the company's 10-year median is 2.08 vs. the industry median of 1.80, Zhejiang Golden Eagle Co has consistently been below 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 Manufacturing - Apparel & Accessories company?
The median Current Ratio among Manufacturing - Apparel & Accessories companies is 1.80, based on 1,068 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. Zhejiang Golden Eagle Co's current Current Ratio of 1.67 is 7.2% below 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 Manufacturing - Apparel & Accessories industry, the median Current Ratio is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Golden Eagle Co's current Current Ratio is 1.67, which is 20% below median its own 10-year median of 2.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Golden Eagle Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Golden Eagle Co (SHSE:600232) is currently considered Fairly Valued. The stock's GF Value™ is ¥6.84, compared to a current price of ¥6.30 — trading 7.9% below its estimated fair value. The current Current Ratio is 1.67, which is 20% below median its 10-year median of 2.08 and 7.2% below the Manufacturing - Apparel & Accessories industry median of 1.80. Zhejiang Golden Eagle Co's overall GF Score™ is 72/100 with 4 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 Zhejiang Golden Eagle Co (SHSE:600232), the current Current Ratio is 1.67 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 Zhejiang Golden Eagle Co (SHSE:600232) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Golden Eagle Co stock appears to be undervalued.
The current stock price of ¥6.30 is trading 7.9% below its estimated GF Value™ of ¥6.84.
GuruFocus considers Zhejiang Golden Eagle Co to be Fairly Valued.
Key valuation signals for SHSE:600232:
Current Ratio: 1.67 (20% below median its 10-year median of 2.08)
GF Value™: ¥6.84 vs. price of ¥6.30 (7.9% below fair value)
Industry Position: 7.2% below the Manufacturing - Apparel & Accessories median (#583 of 1068)
No single metric tells the full story. See the SHSE:600232 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Golden Eagle Co Ltd is a Chinese company engaged in silk spinning, flax spinning, dyeing, and textile production. The company also manufactures textile equipment. The company generates the majority of its revenue from the Textile manufacturing business. The company also generates a small portion of revenue from the Battery material business.
72GF Score
Get the complete analysis for SHSE:600232
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