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. Go Innovate Asia Bhd's current ratio for the quarter that ended in Jun. 2025 was 1.08.
Go Innovate Asia Bhd has a current ratio of 1.08. It generally indicates good short-term financial strength.
The historical rank and industry rank for Go Innovate Asia Bhd's Current Ratio or its related term are showing as below:
XKLS:03028'
s Current Ratio Range Over the Past 10 Years
Min: 1.08 Med: 1.79 Max: 32.11
Current: 1.08
During the past 8 years, Go Innovate Asia Bhd's highest Current Ratio was 32.11. The lowest was 1.08. And the median was 1.79.
XKLS:03028's Current Ratio is not ranked
in the Capital Markets industry.
Industry Median: 2.35
vs XKLS:03028: 1.08
Go Innovate Asia Bhd (XKLS:03028) 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.
Go Innovate Asia Bhd Current Ratio Related Terms
Go Innovate Asia Bhd Current Ratio Historical Data
* Premium members only.
The historical data trend for Go Innovate Asia Bhd'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.
XKLS:03028 vs MS, GS, SCHW: Current Ratio Comparison
For the Capital Markets subindustry, Go Innovate Asia Bhd'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.
Go Innovate Asia Bhd Current Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Go Innovate Asia Bhd's Current Ratio distribution charts can be found below:
* The bar in red indicates where Go Innovate Asia Bhd'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.
Go Innovate Asia Bhd (XKLS:03028) has a Current Ratio of 1.08 as of Jun. 2025. This is 40% below median its historical median of 1.79. Over the past decade, Go Innovate Asia Bhd's Current Ratio has ranged from 1.08 to 32.11.
Is Go Innovate Asia Bhd's Current Ratio too high?
Go Innovate Asia Bhd's current Current Ratio of 1.08 is 40% below median its 10-year median of 1.79. Over the past 10 years, this metric has ranged from a low of 1.08 to a high of 32.11. The Capital Markets industry median Current Ratio is 2.35. Go Innovate Asia Bhd's value of 1.08 is 54% below this industry median.
How does Go Innovate Asia Bhd's Current Ratio compare to MS and GS?
Go Innovate Asia Bhd's Current Ratio of 1.08 can be compared against companies in the Capital Markets industry. The industry median Current Ratio is 2.35. Go Innovate Asia Bhd's value of 1.08 is 54% below this benchmark. Historically, Go Innovate Asia Bhd's own Current Ratio has ranged from 1.08 to 32.11 over the past decade. While the company's 10-year median is 1.79 vs. the industry median of 2.35, Go Innovate Asia Bhd 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 Capital Markets company?
The median Current Ratio among Capital Markets companies is 2.35, based on 690 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. Go Innovate Asia Bhd's current Current Ratio of 1.08 is 54% 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 Capital Markets industry, the median Current Ratio is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Go Innovate Asia Bhd's current Current Ratio is 1.08, which is 40% below median its own 10-year median of 1.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Go Innovate Asia Bhd stock overvalued right now?
Go Innovate Asia Bhd (XKLS:03028) has a current Current Ratio of 1.08. The stock's GF Value™ is RM0.38, compared to a current price of RM0.03 — trading 92.1% below its estimated fair value. The current Current Ratio is 1.08, which is 40% below median its 10-year median of 1.79 and 54% below the Capital Markets industry median of 2.35. 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 Go Innovate Asia Bhd (XKLS:03028), the current Current Ratio is 1.08 as of Jun. 2025. 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.
Go Innovate Asia Bhd is investment holding company. The principal activities of its subsidiaries include trading in precious metals, provide services relating to the online precious metals trading platform and such other business which are necessary for and/or incident to the aforesaid business, developing information technology (IT), dealing and trading in providing information, communication and technology (ICT) services and consultancy, deal, trade and provide software research and development businesses, technical testing and analysis, assaying and refining of precious metals, and promoting and marketing all kinds of gold products.
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