Tongyi Carbon Neutral Energy (Xinjiang) Co has a current ratio of 0.83. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Tongyi Carbon Neutral Energy (Xinjiang) Co has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
SHSE:600506's Current Ratio is ranked worse than 87.22% of 1988
companies
in the Consumer Packaged Goods industry
Industry Median: 1.73
vs SHSE:600506: 0.83
Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506) 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.
Tongyi Carbon Neutral Energy (Xinjiang) Co Current Ratio Related Terms
Tongyi Carbon Neutral Energy (Xinjiang) 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.
Tongyi Carbon Neutral Energy (Xinjiang) Co Current Ratio Chart
Tongyi Carbon Neutral Energy (Xinjiang) Co Annual Data
SHSE:600506 vs ADM, BG, TSN: Current Ratio Comparison
For the Farm Products subindustry, Tongyi Carbon Neutral Energy (Xinjiang) 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.
Tongyi Carbon Neutral Energy (Xinjiang) Co Current Ratio vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Tongyi Carbon Neutral Energy (Xinjiang) Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where Tongyi Carbon Neutral Energy (Xinjiang) 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.
Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506) has a Current Ratio of 0.83 as of Mar. 2026. This is 85% below median its historical median of 5.72. Over the past decade, Tongyi Carbon Neutral Energy (Xinjiang) Co's Current Ratio has ranged from 0.62 to 33.21. According to the industry distribution chart, Tongyi Carbon Neutral Energy (Xinjiang) Co ranks #1734 out of 1988 companies in the Consumer Packaged Goods industry, placing it in the top 87.2%.
Is Tongyi Carbon Neutral Energy (Xinjiang) Co's Current Ratio too high?
Tongyi Carbon Neutral Energy (Xinjiang) Co's current Current Ratio of 0.83 is 85% below median its 10-year median of 5.72. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 33.21. The Consumer Packaged Goods industry median Current Ratio is 1.73. Tongyi Carbon Neutral Energy (Xinjiang) Co's value of 0.83 is 52% below this industry median. Based on the distribution chart, Tongyi Carbon Neutral Energy (Xinjiang) Co ranks #1734 out of 1988 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Tongyi Carbon Neutral Energy (Xinjiang) Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tongyi Carbon Neutral Energy (Xinjiang) Co's Current Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Tongyi Carbon Neutral Energy (Xinjiang) Co ranks #1734 out of 1988 companies for Current Ratio. This places Tongyi Carbon Neutral Energy (Xinjiang) Co in the lower half of its industry. The industry median Current Ratio is 1.73. Tongyi Carbon Neutral Energy (Xinjiang) Co's value of 0.83 is 52% below this benchmark. Historically, Tongyi Carbon Neutral Energy (Xinjiang) Co's own Current Ratio has ranged from 0.62 to 33.21 over the past decade. While the company's 10-year median is 5.72 vs. the industry median of 1.73, Tongyi Carbon Neutral Energy (Xinjiang) 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 Consumer Packaged Goods company?
The median Current Ratio among Consumer Packaged Goods companies is 1.73, based on 1,988 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. Tongyi Carbon Neutral Energy (Xinjiang) Co's current Current Ratio of 0.83 is 52% 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 Consumer Packaged Goods industry, the median Current Ratio is 1.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tongyi Carbon Neutral Energy (Xinjiang) Co's current Current Ratio is 0.83, which is 85% below median its own 10-year median of 5.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tongyi Carbon Neutral Energy (Xinjiang) Co stock overvalued right now?
Based on GuruFocus' analysis, Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506) is currently considered Fairly Valued. The stock's GF Value™ is ¥14.09, compared to a current price of ¥13.69 — trading 2.8% below its estimated fair value. The current Current Ratio is 0.83, which is 85% below median its 10-year median of 5.72 and 52% below the Consumer Packaged Goods industry median of 1.73. Tongyi Carbon Neutral Energy (Xinjiang) Co's overall GF Score™ is 64/100 with 3 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 Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506), the current Current Ratio is 0.83 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 Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506) Overvalued in 2026?
Based on GuruFocus' analysis, Tongyi Carbon Neutral Energy (Xinjiang) Co stock appears to be undervalued.
The current stock price of ¥13.69 is trading 2.8% below its estimated GF Value™ of ¥14.09.
GuruFocus considers Tongyi Carbon Neutral Energy (Xinjiang) Co to be Fairly Valued.
Key valuation signals for SHSE:600506:
Current Ratio: 0.83 (85% below median its 10-year median of 5.72)
GF Value™: ¥14.09 vs. price of ¥13.69 (2.8% below fair value)
Industry Position: 52% below the Consumer Packaged Goods median (#1734 of 1988)
No single metric tells the full story. See the SHSE:600506 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tongyi Carbon Neutral Energy (Xinjiang) Co Business Description
Tongyi Carbon Neutral Energy (Xinjiang) Co Ltd is in the business of researching, developing, producing, and sales of lubricating greases. Depending on their application, the company's products include Traditional lubricating oils and liquid cooling and specialty greases for the new energy industry, namely those for transportation, industrial manufacturing and power, construction machinery, and mining. The company provides liquid cooling and specialty grease products to customers in industries such as power piles, renewable energy, and energy storage.
64GF Score
Get the complete analysis for SHSE:600506
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