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Zhejiang Rongtai Electric Material Co (SHSE:603119) 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 Rongtai Electric Material Co Current Ratio Related Terms
Zhejiang Rongtai Electric Material 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 Rongtai Electric Material Co Current Ratio Chart
SHSE:603119 vs APH, GLW, TEL: Current Ratio Comparison
For the Electronic Components subindustry, Zhejiang Rongtai Electric Material 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 Rongtai Electric Material Co Current Ratio vs Hardware 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.
Zhejiang Rongtai Electric Material Co (SHSE:603119) has a Current Ratio of 1.68 as of Mar. 2026. This is near median its historical median of 1.68. Over the past decade, Zhejiang Rongtai Electric Material Co's Current Ratio has ranged from 0.96 to 6.18. According to the industry distribution chart, Zhejiang Rongtai Electric Material Co ranks #1508 out of 2497 companies in the Hardware industry, placing it in the top 60.4%.
Is Zhejiang Rongtai Electric Material Co's Current Ratio too high?
Zhejiang Rongtai Electric Material Co's current Current Ratio of 1.68 is near median its 10-year median of 1.68. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 6.18. The Hardware industry median Current Ratio is 1.94. Zhejiang Rongtai Electric Material Co's value of 1.68 is 13.4% below this industry median. Based on the distribution chart, Zhejiang Rongtai Electric Material Co ranks #1508 out of 2497 companies in the Hardware industry, which is below the industry midpoint. Overall, Zhejiang Rongtai Electric Material Co has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Rongtai Electric Material Co's Current Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Zhejiang Rongtai Electric Material Co ranks #1508 out of 2497 companies for Current Ratio. This places Zhejiang Rongtai Electric Material Co in the lower half of its industry. The industry median Current Ratio is 1.94. Zhejiang Rongtai Electric Material Co's value of 1.68 is 13.4% below this benchmark. Historically, Zhejiang Rongtai Electric Material Co's own Current Ratio has ranged from 0.96 to 6.18 over the past decade. While the company's 10-year median is 1.68 vs. the industry median of 1.94, Zhejiang Rongtai Electric Material 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 Hardware company?
The median Current Ratio among Hardware companies is 1.94, based on 2,497 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 Rongtai Electric Material Co's current Current Ratio of 1.68 is 13.4% 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 Hardware industry, the median Current Ratio is 1.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Rongtai Electric Material Co's current Current Ratio is 1.68, which is near median its own 10-year median of 1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Rongtai Electric Material Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Rongtai Electric Material Co (SHSE:603119) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥30.26, compared to a current price of ¥54.49 — trading 80.1% above its estimated fair value. The current Current Ratio is 1.68, which is near median its 10-year median of 1.68 and 13.4% below the Hardware industry median of 1.94. Zhejiang Rongtai Electric Material Co's overall GF Score™ is 88/100 with 2 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 Rongtai Electric Material Co (SHSE:603119), the current Current Ratio is 1.68 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 Rongtai Electric Material Co (SHSE:603119) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Rongtai Electric Material Co stock appears to be overvalued.
The current stock price of ¥54.49 is trading 80.1% above its estimated GF Value™ of ¥30.26.
GuruFocus considers Zhejiang Rongtai Electric Material Co to be Significantly Overvalued.
Key valuation signals for SHSE:603119:
Current Ratio: 1.68 (near median its 10-year median of 1.68)
GF Value™: ¥30.26 vs. price of ¥54.49 (80.1% above fair value)
Industry Position: 13.4% below the Hardware median (#1508 of 2497)
No single metric tells the full story. See the SHSE:603119 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Rongtai Electric Material Co Ltd is a high-tech enterprise specializing in the research, development, production, and sales of new composite materials of high temperature resistant insulating mica with multiple plants in Zhejiang and Hunan, and is one of the global market leaders in mica products. Its main products include mica rigid materials, flexible materials, heat generating components, thermal management mica safety components and various mica derivative products. its mica products are widely used in new energy vehicles, rail transportation, aerospace and military ships, special wires and cables, intelligent household appliances and other related industrial fields, and provide customers with professional one-stop system solutions for electrical and thermal insulation.
88GF Score
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