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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Ningbo Yongxin Optics Co's current ratio for the quarter that ended in Mar. 2026 was 3.53.
Ningbo Yongxin Optics Co has a current ratio of 3.53. 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 Ningbo Yongxin Optics Co's Current Ratio or its related term are showing as below:
SHSE:603297'
s Current Ratio Range Over the Past 10 Years
Min: 1.81 Med: 5.63 Max: 10.44
Current: 3.53
During the past 12 years, Ningbo Yongxin Optics Co's highest Current Ratio was 10.44. The lowest was 1.81. And the median was 5.63.
SHSE:603297's Current Ratio is ranked better than 78.73% of 2496
companies
in the Hardware industry
Industry Median: 1.94
vs SHSE:603297: 3.53
Ningbo Yongxin Optics Co (SHSE:603297) 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.
Ningbo Yongxin Optics Co Current Ratio Related Terms
Ningbo Yongxin Optics 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.
SHSE:603297 vs COHR, KEYS, GRMN: Current Ratio Comparison
For the Scientific & Technical Instruments subindustry, Ningbo Yongxin Optics 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.
Ningbo Yongxin Optics Co Current Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Ningbo Yongxin Optics Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where Ningbo Yongxin Optics 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.
Ningbo Yongxin Optics Co (SHSE:603297) has a Current Ratio of 3.53 as of Mar. 2026. This is 37% below median its historical median of 5.63. Over the past decade, Ningbo Yongxin Optics Co's Current Ratio has ranged from 1.81 to 10.44. According to the industry distribution chart, Ningbo Yongxin Optics Co ranks #531 out of 2496 companies in the Hardware industry, placing it in the top 21.3%.
Is Ningbo Yongxin Optics Co's Current Ratio too high?
Ningbo Yongxin Optics Co's current Current Ratio of 3.53 is 37% below median its 10-year median of 5.63. Over the past 10 years, this metric has ranged from a low of 1.81 to a high of 10.44. The Hardware industry median Current Ratio is 1.94. Ningbo Yongxin Optics Co's value of 3.53 is 82% above this industry median. Based on the distribution chart, Ningbo Yongxin Optics Co ranks #531 out of 2496 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Ningbo Yongxin Optics Co has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Yongxin Optics Co's Current Ratio compare to COHR and KEYS?
According to the Hardware industry distribution chart, Ningbo Yongxin Optics Co ranks #531 out of 2496 companies for Current Ratio. This places Ningbo Yongxin Optics Co in the top 21% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.94. Ningbo Yongxin Optics Co's value of 3.53 is 82% above this benchmark. Historically, Ningbo Yongxin Optics Co's own Current Ratio has ranged from 1.81 to 10.44 over the past decade. While the company's 10-year median is 5.63 vs. the industry median of 1.94, Ningbo Yongxin Optics 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 Hardware company?
The median Current Ratio among Hardware companies is 1.94, based on 2,496 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. Ningbo Yongxin Optics Co's current Current Ratio of 3.53 is 82% 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 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. Ningbo Yongxin Optics Co's current Current Ratio is 3.53, which is 37% below median its own 10-year median of 5.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Yongxin Optics Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Yongxin Optics Co (SHSE:603297) is currently considered Fairly Valued. The stock's GF Value™ is ¥106.09, compared to a current price of ¥105.16 — trading 0.9% below its estimated fair value. The current Current Ratio is 3.53, which is 37% below median its 10-year median of 5.63 and 82% above the Hardware industry median of 1.94. Ningbo Yongxin Optics Co's overall GF Score™ is 95/100 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 Ningbo Yongxin Optics Co (SHSE:603297), the current Current Ratio is 3.53 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 Ningbo Yongxin Optics Co (SHSE:603297) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Yongxin Optics Co stock appears to be undervalued.
The current stock price of ¥105.16 is trading 0.9% below its estimated GF Value™ of ¥106.09.
GuruFocus considers Ningbo Yongxin Optics Co to be Fairly Valued.
Key valuation signals for SHSE:603297:
Current Ratio: 3.53 (37% below median its 10-year median of 5.63)
GF Value™: ¥106.09 vs. price of ¥105.16 (0.9% below fair value)
Industry Position: 82% above the Hardware median (#531 of 2496)
No single metric tells the full story. See the SHSE:603297 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Yongxin Optics Co Ltd is a Chinese microscope manufacturer. It is engaged in manufacturing and selling biological microscopes and industrial microscopes, strips Code scanner lens, planar optics, and professional imaging optics components under the brands NOVEL, JIANGNAN, and INOVO. The company exports its products throughout Europe, America, Japan, Singapore, and other countries and regions.
95GF Score
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