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SHSE:603578's Current Ratio is ranked worse than 88.08% of 3080
companies
in the Industrial Products industry
Industry Median: 1.96
vs SHSE:603578: 1.08
Zhejiang Three Stars New Materials Co (SHSE:603578) 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 Three Stars New Materials Co Current Ratio Related Terms
Zhejiang Three Stars New Materials 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 Three Stars New Materials Co Current Ratio Chart
SHSE:603578 vs GEV, ETN, PH: Current Ratio Comparison
For the Specialty Industrial Machinery subindustry, Zhejiang Three Stars New Materials 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 Three Stars New Materials Co Current Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Zhejiang Three Stars New Materials Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where Zhejiang Three Stars New Materials 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 Three Stars New Materials Co (SHSE:603578) has a Current Ratio of 1.08 as of Mar. 2026. This is 68% below median its historical median of 3.41. Over the past decade, Zhejiang Three Stars New Materials Co's Current Ratio has ranged from 0.79 to 7.69. According to the industry distribution chart, Zhejiang Three Stars New Materials Co ranks #2713 out of 3080 companies in the Industrial Products industry, placing it in the top 88.1%.
Is Zhejiang Three Stars New Materials Co's Current Ratio too high?
Zhejiang Three Stars New Materials Co's current Current Ratio of 1.08 is 68% below median its 10-year median of 3.41. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 7.69. The Industrial Products industry median Current Ratio is 1.96. Zhejiang Three Stars New Materials Co's value of 1.08 is 44.9% below this industry median. Based on the distribution chart, Zhejiang Three Stars New Materials Co ranks #2713 out of 3080 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Zhejiang Three Stars New Materials Co has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Three Stars New Materials Co's Current Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Zhejiang Three Stars New Materials Co ranks #2713 out of 3080 companies for Current Ratio. This places Zhejiang Three Stars New Materials Co in the lower half of its industry. The industry median Current Ratio is 1.96. Zhejiang Three Stars New Materials Co's value of 1.08 is 44.9% below this benchmark. Historically, Zhejiang Three Stars New Materials Co's own Current Ratio has ranged from 0.79 to 7.69 over the past decade. While the company's 10-year median is 3.41 vs. the industry median of 1.96, Zhejiang Three Stars New Materials 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 3,080 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 Three Stars New Materials Co's current Current Ratio of 1.08 is 44.9% 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. Zhejiang Three Stars New Materials Co's current Current Ratio is 1.08, which is 68% below median its own 10-year median of 3.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Three Stars New Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Three Stars New Materials Co (SHSE:603578) is currently considered Possible Value Trap. The stock's GF Value™ is ¥23.51, compared to a current price of ¥12.02 — trading 48.9% below its estimated fair value. The current Current Ratio is 1.08, which is 68% below median its 10-year median of 3.41 and 44.9% below the Industrial Products industry median of 1.96. Zhejiang Three Stars New Materials Co's overall GF Score™ is 64/100 with 5 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 Three Stars New Materials Co (SHSE:603578), the current Current Ratio is 1.08 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 Three Stars New Materials Co (SHSE:603578) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Three Stars New Materials Co stock appears to be undervalued.
The current stock price of ¥12.02 is trading 48.9% below its estimated GF Value™ of ¥23.51.
GuruFocus considers Zhejiang Three Stars New Materials Co to be Possible Value Trap.
Key valuation signals for SHSE:603578:
Current Ratio: 1.08 (68% below median its 10-year median of 3.41)
GF Value™: ¥23.51 vs. price of ¥12.02 (48.9% below fair value)
Industry Position: 44.9% below the Industrial Products median (#2713 of 3080)
No single metric tells the full story. See the SHSE:603578 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Three Stars New Materials Co Ltd is a China based company involved in the design, development, production and sales of all kinds of low temperature storage equipment glass door and deep processing glass products. It produces hollow glass door, PVC extrusion profile, single layer glass door, overall injection molding glass door, coating glass, tempered glass and touch screen glass.
64GF Score
Get the complete analysis for SHSE:603578
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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