Northern Solar Holdings BhdXKLS:0340 +0.75%19 Current Ratio is 3.23 as of Mar. 2026, which is 37% above its 10-year median of 2.36. GuruFocus rates XKLS:0340 with a GF Score™ of 19/100. The stock has 4 warning signs investors should review. Among 1,028 Semiconductors companies, Northern Solar Holdings Bhd ranks better than 62.65% on this metric.
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. Northern Solar Holdings Bhd's current ratio for the quarter that ended in Mar. 2026 was 3.23.
Northern Solar Holdings Bhd has a current ratio of 3.23. 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.
The historical rank and industry rank for Northern Solar Holdings Bhd's Current Ratio or its related term are showing as below:
XKLS:0340'
s Current Ratio Range Over the Past 10 Years
Min: 1.63 Med: 2.36 Max: 4.48
Current: 3.23
During the past 5 years, Northern Solar Holdings Bhd's highest Current Ratio was 4.48. The lowest was 1.63. And the median was 2.36.
XKLS:0340's Current Ratio is ranked better than 62.65% of 1028
companies
in the Semiconductors industry
Industry Median: 2.48
vs XKLS:0340: 3.23
Northern Solar Holdings Bhd (XKLS:0340) 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.
Northern Solar Holdings Bhd Current Ratio Related Terms
Northern Solar Holdings Bhd 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.
XKLS:0340 vs FSLR, NXT, ENPH: Current Ratio Comparison
For the Solar subindustry, Northern Solar Holdings 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.
Northern Solar Holdings Bhd Current Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Northern Solar Holdings Bhd's Current Ratio distribution charts can be found below:
* The bar in red indicates where Northern Solar Holdings 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.
Northern Solar Holdings Bhd (XKLS:0340) has a Current Ratio of 3.23 as of Mar. 2026. This is 37% above median its historical median of 2.36. Over the past decade, Northern Solar Holdings Bhd's Current Ratio has ranged from 1.63 to 4.48. According to the industry distribution chart, Northern Solar Holdings Bhd ranks #384 out of 1028 companies in the Semiconductors industry, placing it in the top 37.4%.
Is Northern Solar Holdings Bhd's Current Ratio too high?
Northern Solar Holdings Bhd's current Current Ratio of 3.23 is 37% above median its 10-year median of 2.36. Over the past 10 years, this metric has ranged from a low of 1.63 to a high of 4.48. The Semiconductors industry median Current Ratio is 2.48. Northern Solar Holdings Bhd's value of 3.23 is 30.2% above this industry median. Based on the distribution chart, Northern Solar Holdings Bhd ranks #384 out of 1028 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Northern Solar Holdings Bhd has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Northern Solar Holdings Bhd's Current Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Northern Solar Holdings Bhd ranks #384 out of 1028 companies for Current Ratio. This puts Northern Solar Holdings Bhd in the upper half of its industry. The industry median Current Ratio is 2.48. Northern Solar Holdings Bhd's value of 3.23 is 30.2% above this benchmark. Historically, Northern Solar Holdings Bhd's own Current Ratio has ranged from 1.63 to 4.48 over the past decade. While the company's 10-year median is 2.36 vs. the industry median of 2.48, Northern Solar Holdings Bhd 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 Semiconductors company?
The median Current Ratio among Semiconductors companies is 2.48, based on 1,028 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. Northern Solar Holdings Bhd's current Current Ratio of 3.23 is 30.2% 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 Semiconductors industry, the median Current Ratio is 2.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Solar Holdings Bhd's current Current Ratio is 3.23, which is 37% above median its own 10-year median of 2.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Solar Holdings Bhd stock overvalued right now?
Northern Solar Holdings Bhd (XKLS:0340) has a current Current Ratio of 3.23. The current Current Ratio is 3.23, which is 37% above median its 10-year median of 2.36 and 30.2% above the Semiconductors industry median of 2.48. Northern Solar Holdings Bhd's overall GF Score™ is 19/100 with 4 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 Northern Solar Holdings Bhd (XKLS:0340), the current Current Ratio is 3.23 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.
Northern Solar Holdings Bhd Group is principally involved in the EPCC of solar PV systems, Generation of renewable energy, and O&M of solar PV equipment and systems. Its EPCC of solar PV systems involves the provision of engineering design and planning, procurement and supply, construction, installation, testing, and commissioning of solar PV systems for commercial, industrial, and residential buildings. The Group owns, operates, and maintains rooftop solar PV systems that generate and sell electricity to NEM and SELCO consumers in Peninsular Malaysia. Its O&M of solar PV equipment and systems involves providing O&M services for solar PV equipment and systems installed in commercial, industrial, & residential buildings. The majority of revenue is derived from the EPCC of solar PV systems.
19GF Score
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