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SHSE:600361's Current Ratio is ranked worse than 72.87% of 2635
companies
in the Metals & Mining industry
Industry Median: 2.64
vs SHSE:600361: 1.14
Innovation New Material Technology Co (SHSE:600361) 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.
Innovation New Material Technology Co Current Ratio Related Terms
Innovation New Material Technology 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.
Innovation New Material Technology Co Current Ratio Chart
For the Aluminum subindustry, Innovation New Material Technology 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.
Innovation New Material Technology Co Current Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Innovation New Material Technology Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where Innovation New Material Technology 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.
Innovation New Material Technology Co (SHSE:600361) has a Current Ratio of 1.14 as of Mar. 2026. This is 12% above median its historical median of 1.02. Over the past decade, Innovation New Material Technology Co's Current Ratio has ranged from 0.75 to 1.71. According to the industry distribution chart, Innovation New Material Technology Co ranks #1920 out of 2635 companies in the Metals & Mining industry, placing it in the top 72.9%.
Is Innovation New Material Technology Co's Current Ratio too high?
Innovation New Material Technology Co's current Current Ratio of 1.14 is 12% above median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 1.71. The Metals & Mining industry median Current Ratio is 2.64. Innovation New Material Technology Co's value of 1.14 is 56.8% below this industry median. Based on the distribution chart, Innovation New Material Technology Co ranks #1920 out of 2635 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Innovation New Material Technology Co has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Innovation New Material Technology Co's Current Ratio compare to AA?
According to the Metals & Mining industry distribution chart, Innovation New Material Technology Co ranks #1920 out of 2635 companies for Current Ratio. This places Innovation New Material Technology Co in the lower half of its industry. The industry median Current Ratio is 2.64. Innovation New Material Technology Co's value of 1.14 is 56.8% below this benchmark. Historically, Innovation New Material Technology Co's own Current Ratio has ranged from 0.75 to 1.71 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 2.64, Innovation New Material Technology 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 Metals & Mining company?
The median Current Ratio among Metals & Mining companies is 2.64, based on 2,635 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. Innovation New Material Technology Co's current Current Ratio of 1.14 is 56.8% 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 Metals & Mining industry, the median Current Ratio is 2.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovation New Material Technology Co's current Current Ratio is 1.14, which is 12% above median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovation New Material Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Innovation New Material Technology Co (SHSE:600361) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥4.52, compared to a current price of ¥3.53 — trading 21.9% below its estimated fair value. The current Current Ratio is 1.14, which is 12% above median its 10-year median of 1.02 and 56.8% below the Metals & Mining industry median of 2.64. Innovation New Material Technology Co's overall GF Score™ is 61/100 with 5 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 Innovation New Material Technology Co (SHSE:600361), the current Current Ratio is 1.14 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 Innovation New Material Technology Co (SHSE:600361) Overvalued in 2026?
Based on GuruFocus' analysis, Innovation New Material Technology Co stock appears to be undervalued.
The current stock price of ¥3.53 is trading 21.9% below its estimated GF Value™ of ¥4.52.
GuruFocus considers Innovation New Material Technology Co to be Modestly Undervalued.
Key valuation signals for SHSE:600361:
Current Ratio: 1.14 (12% above median its 10-year median of 1.02)
GF Value™: ¥4.52 vs. price of ¥3.53 (21.9% below fair value)
Industry Position: 56.8% below the Metals & Mining median (#1920 of 2635)
No single metric tells the full story. See the SHSE:600361 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Innovation New Material Technology Co Business Description
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