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Shanghai New Centurion Network Information Technology Co has a current ratio of 7.78. 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.
SHSE:605398's Current Ratio is ranked better than 93.32% of 2876
companies
in the Software industry
Industry Median: 1.81
vs SHSE:605398: 7.78
Shanghai New Centurion Network Information Technology Co (SHSE:605398) 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.
Shanghai New Centurion Network Information Technology Co Current Ratio Related Terms
Shanghai New Centurion Network Information Technology 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.
Shanghai New Centurion Network Information Technology Co Current Ratio Chart
Shanghai New Centurion Network Information Technology Co Annual Data
* 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.
Shanghai New Centurion Network Information Technology Co Current Ratio vs Software 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.
Shanghai New Centurion Network Information Technology Co (SHSE:605398) has a Current Ratio of 7.78 as of Mar. 2026. This is 29% above median its historical median of 6.01. Over the past decade, Shanghai New Centurion Network Information Technology Co's Current Ratio has ranged from 2.03 to 9.21. According to the industry distribution chart, Shanghai New Centurion Network Information Technology Co ranks #192 out of 2876 companies in the Software industry, placing it in the top 6.7%.
Is Shanghai New Centurion Network Information Technology Co's Current Ratio too high?
Shanghai New Centurion Network Information Technology Co's current Current Ratio of 7.78 is 29% above median its 10-year median of 6.01. Over the past 10 years, this metric has ranged from a low of 2.03 to a high of 9.21. The Software industry median Current Ratio is 1.81. Shanghai New Centurion Network Information Technology Co's value of 7.78 is 329.8% above this industry median. Based on the distribution chart, Shanghai New Centurion Network Information Technology Co ranks #192 out of 2876 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Shanghai New Centurion Network Information Technology Co has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai New Centurion Network Information Technology Co's Current Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Shanghai New Centurion Network Information Technology Co ranks #192 out of 2876 companies for Current Ratio. This places Shanghai New Centurion Network Information Technology Co in the top 7% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.81. Shanghai New Centurion Network Information Technology Co's value of 7.78 is 329.8% above this benchmark. Historically, Shanghai New Centurion Network Information Technology Co's own Current Ratio has ranged from 2.03 to 9.21 over the past decade. While the company's 10-year median is 6.01 vs. the industry median of 1.81, Shanghai New Centurion Network Information Technology 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 Software company?
The median Current Ratio among Software companies is 1.81, based on 2,876 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. Shanghai New Centurion Network Information Technology Co's current Current Ratio of 7.78 is 329.8% 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 Software industry, the median Current Ratio is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai New Centurion Network Information Technology Co's current Current Ratio is 7.78, which is 29% above median its own 10-year median of 6.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai New Centurion Network Information Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai New Centurion Network Information Technology Co (SHSE:605398) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥24.09, compared to a current price of ¥18.14 — trading 24.7% below its estimated fair value. The current Current Ratio is 7.78, which is 29% above median its 10-year median of 6.01 and 329.8% above the Software industry median of 1.81. Shanghai New Centurion Network Information Technology Co's overall GF Score™ is 69/100 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 Shanghai New Centurion Network Information Technology Co (SHSE:605398), the current Current Ratio is 7.78 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 Shanghai New Centurion Network Information Technology Co (SHSE:605398) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai New Centurion Network Information Technology Co stock appears to be undervalued.
The current stock price of ¥18.14 is trading 24.7% below its estimated GF Value™ of ¥24.09.
GuruFocus considers Shanghai New Centurion Network Information Technology Co to be Modestly Undervalued.
Key valuation signals for SHSE:605398:
Current Ratio: 7.78 (29% above median its 10-year median of 6.01)
GF Value™: ¥24.09 vs. price of ¥18.14 (24.7% below fair value)
Industry Position: 329.8% above the Software median (#192 of 2876)
No single metric tells the full story. See the SHSE:605398 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai New Centurion Network Information Technology Co Business Description
Shanghai New Centurion Network Information Technology Co Ltd is an information technology system software service provider. It focuses on third-party operation and maintenance services and operation and maintenance products for IT data centers.
69GF Score
Get the complete analysis for SHSE:605398
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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