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Jiangsu Eastern Shenghong Co (SZSE:000301) Current Ratio : 0.48 (As of Sep. 2024)


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What is Jiangsu Eastern Shenghong Co Current Ratio?

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. Jiangsu Eastern Shenghong Co's current ratio for the quarter that ended in Sep. 2024 was 0.48.

Jiangsu Eastern Shenghong Co has a current ratio of 0.48. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Jiangsu Eastern Shenghong Co has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for Jiangsu Eastern Shenghong Co's Current Ratio or its related term are showing as below:

SZSE:000301' s Current Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.94   Max: 5.1
Current: 0.48

During the past 13 years, Jiangsu Eastern Shenghong Co's highest Current Ratio was 5.10. The lowest was 0.43. And the median was 0.94.

SZSE:000301's Current Ratio is ranked worse than
96.61% of 1562 companies
in the Chemicals industry
Industry Median: 1.93 vs SZSE:000301: 0.48

Jiangsu Eastern Shenghong Co Current Ratio Historical Data

The historical data trend for Jiangsu Eastern Shenghong Co's Current Ratio can be seen below:

* 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.

* Premium members only.

Jiangsu Eastern Shenghong Co Current Ratio Chart

Jiangsu Eastern Shenghong Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.79 1.06 0.63 0.60 0.43

Jiangsu Eastern Shenghong Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.55 0.43 0.49 0.47 0.48

Competitive Comparison of Jiangsu Eastern Shenghong Co's Current Ratio

For the Chemicals subindustry, Jiangsu Eastern Shenghong 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.


Jiangsu Eastern Shenghong Co's Current Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangsu Eastern Shenghong Co's Current Ratio distribution charts can be found below:

* The bar in red indicates where Jiangsu Eastern Shenghong Co's Current Ratio falls into.



Jiangsu Eastern Shenghong Co Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Jiangsu Eastern Shenghong Co's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )=Total Current Assets (A: Dec. 2023 )/Total Current Liabilities (A: Dec. 2023 )
=32788.569/76054.687
=0.43

Jiangsu Eastern Shenghong Co's Current Ratio for the quarter that ended in Sep. 2024 is calculated as

Current Ratio (Q: Sep. 2024 )=Total Current Assets (Q: Sep. 2024 )/Total Current Liabilities (Q: Sep. 2024 )
=44161.207/92472.654
=0.48

* 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.


Jiangsu Eastern Shenghong Co  (SZSE:000301) 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.


Jiangsu Eastern Shenghong Co Current Ratio Related Terms

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Jiangsu Eastern Shenghong Co Business Description

Traded in Other Exchanges
N/A
Address
No.73, East Market Road, Shengze Town, Wujiang District, Jiangsu, Suzhou, CHN, 215228
Jiangsu Eastern Shenghong Co Ltd is engaged in the energy and chemical enterprise. The company in the fields of new energy, new materials, petroleum refining, and polyester chemical fiber has been deeply cultivated for many years, with diversified olefin production processes, and gradually formed a whole chemical complex with vertical integration of the industrial chain. Relying on refining and chemical integration, alcohol-based polygeneration, and propane industry chain projects, the chemical synthesis is constructed the chemical raw material supply platform is a "1+N" industrial cloth extending to diversified industrial chains such as new energy, new materials, electronic chemistry, and biotechnologyBureau.
Executives
Qiu Hai Rong Directors, executives
Ni Gen Yuan Supervisors
Wang Jun Directors, executives
Ji Gao Xiong Directors, executives
Wang Ning Supervisors
Shi Bin Feng Director
Chen Tan Supervisors
Zhang Yun Xia Supervisors

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