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Shenzhen Neoway Technology Co has a current ratio of 1.63. It generally indicates good short-term financial strength.
The historical rank and industry rank for Shenzhen Neoway Technology Co's Current Ratio or its related term are showing as below:
SHSE:688159'
s Current Ratio Range Over the Past 10 Years
Min: 1.37 Med: 1.72 Max: 3.04
Current: 1.63
During the past 13 years, Shenzhen Neoway Technology Co's highest Current Ratio was 3.04. The lowest was 1.37. And the median was 1.72.
SHSE:688159's Current Ratio is ranked worse than 63.41% of 2498
companies
in the Hardware industry
Industry Median: 1.96
vs SHSE:688159: 1.63
Shenzhen Neoway Technology Co (SHSE:688159) 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.
Shenzhen Neoway Technology Co Current Ratio Related Terms
Shenzhen Neoway 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.
SHSE:688159 vs CSCO, CIEN, MSI: Current Ratio Comparison
For the Communication Equipment subindustry, Shenzhen Neoway 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.
Shenzhen Neoway Technology Co Current Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Shenzhen Neoway Technology Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where Shenzhen Neoway Technology 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.
Shenzhen Neoway Technology Co (SHSE:688159) has a Current Ratio of 1.63 as of Mar. 2026. This is near median its historical median of 1.72. Over the past decade, Shenzhen Neoway Technology Co's Current Ratio has ranged from 1.37 to 3.04. According to the industry distribution chart, Shenzhen Neoway Technology Co ranks #1584 out of 2498 companies in the Hardware industry, placing it in the top 63.4%.
Is Shenzhen Neoway Technology Co's Current Ratio too high?
Shenzhen Neoway Technology Co's current Current Ratio of 1.63 is near median its 10-year median of 1.72. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 3.04. The Hardware industry median Current Ratio is 1.96. Shenzhen Neoway Technology Co's value of 1.63 is 16.8% below this industry median. Based on the distribution chart, Shenzhen Neoway Technology Co ranks #1584 out of 2498 companies in the Hardware industry, which is below the industry midpoint. Overall, Shenzhen Neoway Technology Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Neoway Technology Co's Current Ratio compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Shenzhen Neoway Technology Co ranks #1584 out of 2498 companies for Current Ratio. This places Shenzhen Neoway Technology Co in the lower half of its industry. The industry median Current Ratio is 1.96. Shenzhen Neoway Technology Co's value of 1.63 is 16.8% below this benchmark. Historically, Shenzhen Neoway Technology Co's own Current Ratio has ranged from 1.37 to 3.04 over the past decade. While the company's 10-year median is 1.72 vs. the industry median of 1.96, Shenzhen Neoway Technology 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 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. Shenzhen Neoway Technology Co's current Current Ratio of 1.63 is 16.8% 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 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. Shenzhen Neoway Technology Co's current Current Ratio is 1.63, which is near median its own 10-year median of 1.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Neoway Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Neoway Technology Co (SHSE:688159) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥43.83, compared to a current price of ¥31.45 — trading 28.2% below its estimated fair value. The current Current Ratio is 1.63, which is near median its 10-year median of 1.72 and 16.8% below the Hardware industry median of 1.96. Shenzhen Neoway Technology Co's overall GF Score™ is 71/100 with 9 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 Shenzhen Neoway Technology Co (SHSE:688159), the current Current Ratio is 1.63 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 Shenzhen Neoway Technology Co (SHSE:688159) Overvalued in 2026?
Based on GuruFocus' analysis, Shenzhen Neoway Technology Co stock appears to be undervalued.
The current stock price of ¥31.45 is trading 28.2% below its estimated GF Value™ of ¥43.83.
GuruFocus considers Shenzhen Neoway Technology Co to be Modestly Undervalued.
Key valuation signals for SHSE:688159:
Current Ratio: 1.63 (near median its 10-year median of 1.72)
GF Value™: ¥43.83 vs. price of ¥31.45 (28.2% below fair value)
Industry Position: 16.8% below the Hardware median (#1584 of 2498)
No single metric tells the full story. See the SHSE:688159 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shenzhen Neoway Technology Co Business Description
Shenzhen Neoway Technology Co Ltd is engaged in production and sales of IoT wireless communication modules, IoT wireless communication terminals and IoT wireless communication solutions. The company provides technical development and sales of electronic products; electronic communication products and communication modules; communication module software and related technical consulting.
71GF Score
Get the complete analysis for SHSE:688159
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