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SHSE:600579's Current Ratio is ranked worse than 79.9% of 3074
companies
in the Industrial Products industry
Industry Median: 1.96
vs SHSE:600579: 1.28
Sinochem Equipment Technology (Qingdao) Co (SHSE:600579) 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.
Sinochem Equipment Technology (Qingdao) Co Current Ratio Related Terms
Sinochem Equipment Technology (Qingdao) 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.
Sinochem Equipment Technology (Qingdao) Co Current Ratio Chart
Sinochem Equipment Technology (Qingdao) Co Annual Data
SHSE:600579 vs GEV, ETN, PH: Current Ratio Comparison
For the Specialty Industrial Machinery subindustry, Sinochem Equipment Technology (Qingdao) 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.
Sinochem Equipment Technology (Qingdao) Co Current Ratio vs Industrial Products Industry
* 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.
Sinochem Equipment Technology (Qingdao) Co (SHSE:600579) has a Current Ratio of 1.28 as of Mar. 2026. This is near median its historical median of 1.28. Over the past decade, Sinochem Equipment Technology (Qingdao) Co's Current Ratio has ranged from 0.72 to 3.14. According to the industry distribution chart, Sinochem Equipment Technology (Qingdao) Co ranks #2456 out of 3074 companies in the Industrial Products industry, placing it in the top 79.9%.
Is Sinochem Equipment Technology (Qingdao) Co's Current Ratio too high?
Sinochem Equipment Technology (Qingdao) Co's current Current Ratio of 1.28 is near median its 10-year median of 1.28. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 3.14. The Industrial Products industry median Current Ratio is 1.96. Sinochem Equipment Technology (Qingdao) Co's value of 1.28 is 34.7% below this industry median. Based on the distribution chart, Sinochem Equipment Technology (Qingdao) Co ranks #2456 out of 3074 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Sinochem Equipment Technology (Qingdao) Co has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sinochem Equipment Technology (Qingdao) Co's Current Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Sinochem Equipment Technology (Qingdao) Co ranks #2456 out of 3074 companies for Current Ratio. This places Sinochem Equipment Technology (Qingdao) Co in the lower half of its industry. The industry median Current Ratio is 1.96. Sinochem Equipment Technology (Qingdao) Co's value of 1.28 is 34.7% below this benchmark. Historically, Sinochem Equipment Technology (Qingdao) Co's own Current Ratio has ranged from 0.72 to 3.14 over the past decade. While the company's 10-year median is 1.28 vs. the industry median of 1.96, Sinochem Equipment Technology (Qingdao) 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 an Industrial Products company?
The median Current Ratio among Industrial Products companies is 1.96, based on 3,074 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. Sinochem Equipment Technology (Qingdao) Co's current Current Ratio of 1.28 is 34.7% 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 Industrial Products industry, the median Current Ratio is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sinochem Equipment Technology (Qingdao) Co's current Current Ratio is 1.28, which is near median its own 10-year median of 1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sinochem Equipment Technology (Qingdao) Co stock overvalued right now?
Based on GuruFocus' analysis, Sinochem Equipment Technology (Qingdao) Co (SHSE:600579) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥1.03, compared to a current price of ¥7.82 — trading 659.2% above its estimated fair value. The current Current Ratio is 1.28, which is near median its 10-year median of 1.28 and 34.7% below the Industrial Products industry median of 1.96. Sinochem Equipment Technology (Qingdao) Co's overall GF Score™ is 40/100 with 7 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 Sinochem Equipment Technology (Qingdao) Co (SHSE:600579), the current Current Ratio is 1.28 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 Sinochem Equipment Technology (Qingdao) Co (SHSE:600579) Overvalued in 2026?
Based on GuruFocus' analysis, Sinochem Equipment Technology (Qingdao) Co stock appears to be overvalued.
The current stock price of ¥7.82 is trading 659.2% above its estimated GF Value™ of ¥1.03.
GuruFocus considers Sinochem Equipment Technology (Qingdao) Co to be Significantly Overvalued.
Key valuation signals for SHSE:600579:
Current Ratio: 1.28 (near median its 10-year median of 1.28)
GF Value™: ¥1.03 vs. price of ¥7.82 (659.2% above fair value)
Industry Position: 34.7% below the Industrial Products median (#2456 of 3074)
No single metric tells the full story. See the SHSE:600579 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sinochem Equipment Technology (Qingdao) Co Business Description
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