Melewar Industrial Group BhdXKLS:3778 29 Current Ratio is 3.36 as of Mar. 2026, which is 99% above its 10-year median of 1.69. GuruFocus rates XKLS:3778 with a GF Score™ of 29/100 and a GF Value™ of RM0.20 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 635 Steel companies, Melewar Industrial Group Bhd ranks better than 78.11% 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. Melewar Industrial Group Bhd's current ratio for the quarter that ended in Mar. 2026 was 3.36.
Melewar Industrial Group Bhd has a current ratio of 3.36. 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 Melewar Industrial Group Bhd's Current Ratio or its related term are showing as below:
XKLS:3778'
s Current Ratio Range Over the Past 10 Years
Min: 1.02 Med: 1.69 Max: 3.36
Current: 3.36
During the past 13 years, Melewar Industrial Group Bhd's highest Current Ratio was 3.36. The lowest was 1.02. And the median was 1.69.
XKLS:3778's Current Ratio is ranked better than 78.11% of 635
companies
in the Steel industry
Industry Median: 1.63
vs XKLS:3778: 3.36
Melewar Industrial Group Bhd (XKLS:3778) 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.
Melewar Industrial Group Bhd Current Ratio Related Terms
Melewar Industrial Group 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:3778 vs NUE, STLD, RS: Current Ratio Comparison
For the Steel subindustry, Melewar Industrial Group 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.
Melewar Industrial Group Bhd Current Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Melewar Industrial Group Bhd's Current Ratio distribution charts can be found below:
* The bar in red indicates where Melewar Industrial Group 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.
Melewar Industrial Group Bhd (XKLS:3778) has a Current Ratio of 3.36 as of Mar. 2026. This is 99% above median its historical median of 1.69. Over the past decade, Melewar Industrial Group Bhd's Current Ratio has ranged from 1.02 to 3.36. According to the industry distribution chart, Melewar Industrial Group Bhd ranks #139 out of 635 companies in the Steel industry, placing it in the top 21.9%.
Is Melewar Industrial Group Bhd's Current Ratio too high?
Melewar Industrial Group Bhd's current Current Ratio of 3.36 is 99% above median its 10-year median of 1.69. Over the past 10 years, this metric has ranged from a low of 1.02 to a high of 3.36. The Steel industry median Current Ratio is 1.63. Melewar Industrial Group Bhd's value of 3.36 is 106.1% above this industry median. Based on the distribution chart, Melewar Industrial Group Bhd ranks #139 out of 635 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Melewar Industrial Group Bhd has a GF Score™ of 29/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Melewar Industrial Group Bhd's Current Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Melewar Industrial Group Bhd ranks #139 out of 635 companies for Current Ratio. This places Melewar Industrial Group Bhd in the top 22% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.63. Melewar Industrial Group Bhd's value of 3.36 is 106.1% above this benchmark. Historically, Melewar Industrial Group Bhd's own Current Ratio has ranged from 1.02 to 3.36 over the past decade. While the company's 10-year median is 1.69 vs. the industry median of 1.63, Melewar Industrial Group 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 Steel company?
The median Current Ratio among Steel companies is 1.63, based on 635 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. Melewar Industrial Group Bhd's current Current Ratio of 3.36 is 106.1% 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 Steel industry, the median Current Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Melewar Industrial Group Bhd's current Current Ratio is 3.36, which is 99% above median its own 10-year median of 1.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melewar Industrial Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Melewar Industrial Group Bhd (XKLS:3778) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.20, compared to a current price of RM0.13 — trading 37.5% below its estimated fair value. The current Current Ratio is 3.36, which is 99% above median its 10-year median of 1.69 and 106.1% above the Steel industry median of 1.63. Melewar Industrial Group Bhd's overall GF Score™ is 29/100 with 5 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 Melewar Industrial Group Bhd (XKLS:3778), the current Current Ratio is 3.36 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 Melewar Industrial Group Bhd (XKLS:3778) Overvalued in 2026?
Based on GuruFocus' analysis, Melewar Industrial Group Bhd stock appears to be undervalued.
The current stock price of RM0.13 is trading 37.5% below its estimated GF Value™ of RM0.20.
GuruFocus considers Melewar Industrial Group Bhd to be Possible Value Trap.
Key valuation signals for XKLS:3778:
Current Ratio: 3.36 (99% above median its 10-year median of 1.69)
GF Value™: RM0.20 vs. price of RM0.13 (37.5% below fair value)
Industry Position: 106.1% above the Steel median (#139 of 635)
No single metric tells the full story. See the XKLS:3778 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Melewar Industrial Group Bhd along with its subsidiaries, operates in four reportable segments. The Steel Tube segment is in the business of manufacturing and sales of steel pipes and tubes. The Cold Rolled Coil segment is in the business of manufacturing and sales of cold-rolled coils. The investment holding segment refers to companies with investments in subsidiaries and companies with investments in quoted and unquoted equity securities. Others comprise companies involved in the food, trade-retail business, modular construction, and metal scraps trading businesses. It generates maximum revenue from the Cold rolled coil segment. Geographically, the group derives maximum revenue from Malaysia.
29GF Score
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