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Zhejiang Qianjiang Biochemical Co has a current ratio of 1.46. It generally indicates good short-term financial strength.
The historical rank and industry rank for Zhejiang Qianjiang Biochemical Co's Current Ratio or its related term are showing as below:
SHSE:600796'
s Current Ratio Range Over the Past 10 Years
Min: 0.93 Med: 1.73 Max: 3.29
Current: 1.46
During the past 13 years, Zhejiang Qianjiang Biochemical Co's highest Current Ratio was 3.29. The lowest was 0.93. And the median was 1.73.
SHSE:600796's Current Ratio is ranked worse than 56.76% of 259
companies
in the Agriculture industry
Industry Median: 1.57
vs SHSE:600796: 1.46
Zhejiang Qianjiang Biochemical Co (SHSE:600796) 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 Qianjiang Biochemical Co Current Ratio Related Terms
Zhejiang Qianjiang Biochemical 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 Qianjiang Biochemical Co Current Ratio Chart
SHSE:600796 vs CTVA, CF, MOS: Current Ratio Comparison
For the Agricultural Inputs subindustry, Zhejiang Qianjiang Biochemical 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 Qianjiang Biochemical Co Current Ratio vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Zhejiang Qianjiang Biochemical Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where Zhejiang Qianjiang Biochemical 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 Qianjiang Biochemical Co (SHSE:600796) has a Current Ratio of 1.46 as of Mar. 2026. This is 16% below median its historical median of 1.73. Over the past decade, Zhejiang Qianjiang Biochemical Co's Current Ratio has ranged from 0.93 to 3.29. According to the industry distribution chart, Zhejiang Qianjiang Biochemical Co ranks #147 out of 259 companies in the Agriculture industry, placing it in the top 56.8%.
Is Zhejiang Qianjiang Biochemical Co's Current Ratio too high?
Zhejiang Qianjiang Biochemical Co's current Current Ratio of 1.46 is 16% below median its 10-year median of 1.73. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 3.29. The Agriculture industry median Current Ratio is 1.57. Zhejiang Qianjiang Biochemical Co's value of 1.46 is 7% below this industry median. Based on the distribution chart, Zhejiang Qianjiang Biochemical Co ranks #147 out of 259 companies in the Agriculture industry, which is below the industry midpoint. Overall, Zhejiang Qianjiang Biochemical Co has a GF Score™ of 47/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Qianjiang Biochemical Co's Current Ratio compare to CTVA and CF?
According to the Agriculture industry distribution chart, Zhejiang Qianjiang Biochemical Co ranks #147 out of 259 companies for Current Ratio. This places Zhejiang Qianjiang Biochemical Co in the lower half of its industry. The industry median Current Ratio is 1.57. Zhejiang Qianjiang Biochemical Co's value of 1.46 is 7% below this benchmark. Historically, Zhejiang Qianjiang Biochemical Co's own Current Ratio has ranged from 0.93 to 3.29 over the past decade. While the company's 10-year median is 1.73 vs. the industry median of 1.57, Zhejiang Qianjiang Biochemical 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 Agriculture company?
The median Current Ratio among Agriculture companies is 1.57, based on 259 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 Qianjiang Biochemical Co's current Current Ratio of 1.46 is 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 Agriculture industry, the median Current Ratio is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Qianjiang Biochemical Co's current Current Ratio is 1.46, which is 16% below median its own 10-year median of 1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Qianjiang Biochemical Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Qianjiang Biochemical Co (SHSE:600796) is currently considered Fairly Valued. The stock's GF Value™ is ¥4.37, compared to a current price of ¥4.75 — trading 8.7% above its estimated fair value. The current Current Ratio is 1.46, which is 16% below median its 10-year median of 1.73 and 7% below the Agriculture industry median of 1.57. Zhejiang Qianjiang Biochemical Co's overall GF Score™ is 47/100 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 Qianjiang Biochemical Co (SHSE:600796), the current Current Ratio is 1.46 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 Qianjiang Biochemical Co (SHSE:600796) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Qianjiang Biochemical Co stock appears to be overvalued.
The current stock price of ¥4.75 is trading 8.7% above its estimated GF Value™ of ¥4.37.
GuruFocus considers Zhejiang Qianjiang Biochemical Co to be Fairly Valued.
Key valuation signals for SHSE:600796:
Current Ratio: 1.46 (16% below median its 10-year median of 1.73)
GF Value™: ¥4.37 vs. price of ¥4.75 (8.7% above fair value)
Industry Position: 7% below the Agriculture median (#147 of 259)
No single metric tells the full story. See the SHSE:600796 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Qianjiang Biochemical Co Business Description
Zhejiang Qianjiang Biochemical Co Ltd is primarily engaged in the production of bio-pesticides, bio-veterinary drugs, and biopharmaceuticals. The company's product profile includes gibberellic acid, abamectin, methylamino abamectin, validamycin, and other products.
47GF Score
Get the complete analysis for SHSE:600796
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