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What is Shandong Jianbang New Material Co Current Ratio?
Shandong Jianbang New Material CoSHSE:603285 19 Current Ratio is 10.23 as of Mar. 2026, which is 6% above its 10-year median of 9.61. GuruFocus rates SHSE:603285 with a GF Score™ of 19/100. The stock has 3 warning signs investors should review. Among 1,605 Chemicals companies, Shandong Jianbang New Material Co ranks better than 95.95% on this metric.
Shandong Jianbang New Material Co has a current ratio of 10.23. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Shandong Jianbang New Material Co's Current Ratio or its related term are showing as below:
SHSE:603285'
s Current Ratio Range Over the Past 10 Years
Min: 0.72 Med: 9.61 Max: 12.91
Current: 10.23
During the past 7 years, Shandong Jianbang New Material Co's highest Current Ratio was 12.91. The lowest was 0.72. And the median was 9.61.
SHSE:603285's Current Ratio is ranked better than 95.95% of 1605
companies
in the Chemicals industry
Industry Median: 1.89
vs SHSE:603285: 10.23
Shandong Jianbang New Material Co (SHSE:603285) 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.
Shandong Jianbang New Material Co Current Ratio Related Terms
Shandong Jianbang New 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.
Shandong Jianbang New Material Co Current Ratio Chart
SHSE:603285 vs LIN, SHW, ECL: Current Ratio Comparison
For the Specialty Chemicals subindustry, Shandong Jianbang New 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.
Shandong Jianbang New Material Co Current Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Shandong Jianbang New Material Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where Shandong Jianbang New Material 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.
Shandong Jianbang New Material Co (SHSE:603285) has a Current Ratio of 10.23 as of Mar. 2026. This is near median its historical median of 9.61. Over the past decade, Shandong Jianbang New Material Co's Current Ratio has ranged from 0.72 to 12.91. According to the industry distribution chart, Shandong Jianbang New Material Co ranks #65 out of 1605 companies in the Chemicals industry, placing it in the top 4%.
Is Shandong Jianbang New Material Co's Current Ratio too high?
Shandong Jianbang New Material Co's current Current Ratio of 10.23 is near median its 10-year median of 9.61. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 12.91. The Chemicals industry median Current Ratio is 1.89. Shandong Jianbang New Material Co's value of 10.23 is 441.3% above this industry median. Based on the distribution chart, Shandong Jianbang New Material Co ranks #65 out of 1605 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Shandong Jianbang New Material Co has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Shandong Jianbang New Material Co's Current Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Shandong Jianbang New Material Co ranks #65 out of 1605 companies for Current Ratio. This places Shandong Jianbang New Material Co in the top 4% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.89. Shandong Jianbang New Material Co's value of 10.23 is 441.3% above this benchmark. Historically, Shandong Jianbang New Material Co's own Current Ratio has ranged from 0.72 to 12.91 over the past decade. While the company's 10-year median is 9.61 vs. the industry median of 1.89, Shandong Jianbang New Material Co has consistently been above 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 Chemicals company?
The median Current Ratio among Chemicals companies is 1.89, based on 1,605 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. Shandong Jianbang New Material Co's current Current Ratio of 10.23 is 441.3% above 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 Chemicals industry, the median Current Ratio is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Jianbang New Material Co's current Current Ratio is 10.23, which is near median its own 10-year median of 9.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Jianbang New Material Co stock overvalued right now?
Shandong Jianbang New Material Co (SHSE:603285) has a current Current Ratio of 10.23. The current Current Ratio is 10.23, which is near median its 10-year median of 9.61 and 441.3% above the Chemicals industry median of 1.89. Shandong Jianbang New Material Co's overall GF Score™ is 19/100 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 Shandong Jianbang New Material Co (SHSE:603285), the current Current Ratio is 10.23 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.
Shandong Jianbang New Material Co Business Description
Shandong Jianbang New Material Co Ltd is engaged in research and development, production and sales of environmentally friendly additives for polymer materials.
19GF Score
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