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Harbin Xinguang Optic-Electronics Technology Co has a current ratio of 7.31. 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:688011's Current Ratio is ranked better than 92.91% of 2498
companies
in the Hardware industry
Industry Median: 1.96
vs SHSE:688011: 7.31
Harbin Xinguang Optic-Electronics Technology Co (SHSE:688011) 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.
Harbin Xinguang Optic-Electronics Technology Co Current Ratio Related Terms
Harbin Xinguang Optic-Electronics 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.
Harbin Xinguang Optic-Electronics Technology Co Current Ratio Chart
Harbin Xinguang Optic-Electronics Technology Co Annual Data
For the Electronic Components subindustry, Harbin Xinguang Optic-Electronics Technology 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.
Harbin Xinguang Optic-Electronics Technology Co Current Ratio vs Hardware 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.
Harbin Xinguang Optic-Electronics Technology Co (SHSE:688011) has a Current Ratio of 7.31 as of Mar. 2026. This is 15% below median its historical median of 8.58. Over the past decade, Harbin Xinguang Optic-Electronics Technology Co's Current Ratio has ranged from 1.48 to 18.63. According to the industry distribution chart, Harbin Xinguang Optic-Electronics Technology Co ranks #177 out of 2498 companies in the Hardware industry, placing it in the top 7.1%.
Is Harbin Xinguang Optic-Electronics Technology Co's Current Ratio too high?
Harbin Xinguang Optic-Electronics Technology Co's current Current Ratio of 7.31 is 15% below median its 10-year median of 8.58. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 18.63. The Hardware industry median Current Ratio is 1.96. Harbin Xinguang Optic-Electronics Technology Co's value of 7.31 is 273% above this industry median. Based on the distribution chart, Harbin Xinguang Optic-Electronics Technology Co ranks #177 out of 2498 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Harbin Xinguang Optic-Electronics Technology Co has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harbin Xinguang Optic-Electronics Technology Co's Current Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Harbin Xinguang Optic-Electronics Technology Co ranks #177 out of 2498 companies for Current Ratio. This places Harbin Xinguang Optic-Electronics Technology Co in the top 7% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.96. Harbin Xinguang Optic-Electronics Technology Co's value of 7.31 is 273% above this benchmark. Historically, Harbin Xinguang Optic-Electronics Technology Co's own Current Ratio has ranged from 1.48 to 18.63 over the past decade. While the company's 10-year median is 8.58 vs. the industry median of 1.96, Harbin Xinguang Optic-Electronics 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 Hardware company?
The median Current Ratio among Hardware companies is 1.96, based on 2,498 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. Harbin Xinguang Optic-Electronics Technology Co's current Current Ratio of 7.31 is 273% 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 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harbin Xinguang Optic-Electronics Technology Co's current Current Ratio is 7.31, which is 15% below median its own 10-year median of 8.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbin Xinguang Optic-Electronics Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Harbin Xinguang Optic-Electronics Technology Co (SHSE:688011) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥20.63, compared to a current price of ¥56.76 — trading 175.1% above its estimated fair value. The current Current Ratio is 7.31, which is 15% below median its 10-year median of 8.58 and 273% above the Hardware industry median of 1.96. Harbin Xinguang Optic-Electronics Technology Co's overall GF Score™ is 56/100 with 2 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 Harbin Xinguang Optic-Electronics Technology Co (SHSE:688011), the current Current Ratio is 7.31 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 Harbin Xinguang Optic-Electronics Technology Co (SHSE:688011) Overvalued in 2026?
Based on GuruFocus' analysis, Harbin Xinguang Optic-Electronics Technology Co stock appears to be overvalued.
The current stock price of ¥56.76 is trading 175.1% above its estimated GF Value™ of ¥20.63.
GuruFocus considers Harbin Xinguang Optic-Electronics Technology Co to be Significantly Overvalued.
Key valuation signals for SHSE:688011:
Current Ratio: 7.31 (15% below median its 10-year median of 8.58)
GF Value™: ¥20.63 vs. price of ¥56.76 (175.1% above fair value)
Industry Position: 273% above the Hardware median (#177 of 2498)
No single metric tells the full story. See the SHSE:688011 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harbin Xinguang Optic-Electronics Technology Co Business Description
Harbin Xinguang Optic-Electronics Technology Co Ltd is engaged in providing high-precision components, devices, systems and solutions for optical targets and scene simulation, optical guidance, optoelectronic-specific testing and laser countermeasures.
56GF Score
Get the complete analysis for SHSE:688011
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