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Ningbo Deye TechnologySHSE:605117 +1.81%88 Current Ratio is 1.66 as of Mar. 2026, which is 5% below its 10-year median of 1.75. GuruFocus rates SHSE:605117 with a GF Score™ of 88/100 and a GF Value™ of ¥75.74 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 3,074 Industrial Products companies, Ningbo Deye Technology ranks worse than 61.78% on this metric.
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 Deye Technology's current ratio for the quarter that ended in Mar. 2026 was 1.66.
Ningbo Deye Technology has a current ratio of 1.66. It generally indicates good short-term financial strength.
The historical rank and industry rank for Ningbo Deye Technology's Current Ratio or its related term are showing as below:
SHSE:605117'
s Current Ratio Range Over the Past 10 Years
Min: 1.03 Med: 1.75 Max: 2.99
Current: 1.66
During the past 10 years, Ningbo Deye Technology's highest Current Ratio was 2.99. The lowest was 1.03. And the median was 1.75.
SHSE:605117's Current Ratio is ranked worse than 61.78% of 3074
companies
in the Industrial Products industry
Industry Median: 1.96
vs SHSE:605117: 1.66
Ningbo Deye Technology (SHSE:605117) 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 Deye Technology Current Ratio Related Terms
Ningbo Deye Technology 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.
For the Electrical Equipment & Parts subindustry, Ningbo Deye Technology'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 Deye Technology Current Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ningbo Deye Technology's Current Ratio distribution charts can be found below:
* The bar in red indicates where Ningbo Deye Technology'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 Deye Technology (SHSE:605117) has a Current Ratio of 1.66 as of Mar. 2026. This is near median its historical median of 1.75. Over the past decade, Ningbo Deye Technology's Current Ratio has ranged from 1.03 to 2.99. According to the industry distribution chart, Ningbo Deye Technology ranks #1899 out of 3074 companies in the Industrial Products industry, placing it in the top 61.8%.
Is Ningbo Deye Technology's Current Ratio too high?
Ningbo Deye Technology's current Current Ratio of 1.66 is near median its 10-year median of 1.75. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 2.99. The Industrial Products industry median Current Ratio is 1.96. Ningbo Deye Technology's value of 1.66 is 15.3% below this industry median. Based on the distribution chart, Ningbo Deye Technology ranks #1899 out of 3074 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Ningbo Deye Technology has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Deye Technology's Current Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ningbo Deye Technology ranks #1899 out of 3074 companies for Current Ratio. This places Ningbo Deye Technology in the lower half of its industry. The industry median Current Ratio is 1.96. Ningbo Deye Technology's value of 1.66 is 15.3% below this benchmark. Historically, Ningbo Deye Technology's own Current Ratio has ranged from 1.03 to 2.99 over the past decade. While the company's 10-year median is 1.75 vs. the industry median of 1.96, Ningbo Deye Technology 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 3,074 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 Deye Technology's current Current Ratio of 1.66 is 15.3% 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. Ningbo Deye Technology's current Current Ratio is 1.66, which is near median its own 10-year median of 1.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Deye Technology stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Deye Technology (SHSE:605117) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥75.74, compared to a current price of ¥85.70 — trading 13.2% above its estimated fair value. The current Current Ratio is 1.66, which is near median its 10-year median of 1.75 and 15.3% below the Industrial Products industry median of 1.96. Ningbo Deye Technology's overall GF Score™ is 88/100 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 Ningbo Deye Technology (SHSE:605117), the current Current Ratio is 1.66 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 Deye Technology (SHSE:605117) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Deye Technology stock appears to be overvalued.
The current stock price of ¥85.70 is trading 13.2% above its estimated GF Value™ of ¥75.74.
GuruFocus considers Ningbo Deye Technology to be Modestly Overvalued.
Key valuation signals for SHSE:605117:
Current Ratio: 1.66 (near median its 10-year median of 1.75)
GF Value™: ¥75.74 vs. price of ¥85.70 (13.2% above fair value)
Industry Position: 15.3% below the Industrial Products median (#1899 of 3074)
No single metric tells the full story. See the SHSE:605117 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Deye Technology Corp is engaged in the research, development, manufacturing, and sale of inverters, heat exchangers, and dehumidifiers. Its product range also includes refrigeration equipment, air and water purification systems, fresh air systems, solar air conditioners, variable frequency water pumps, and electronic controllers.
88GF Score
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