Formosa Prosonic Industries Bhd has a current ratio of 2.91. It generally indicates good short-term financial strength.
The historical rank and industry rank for Formosa Prosonic Industries Bhd's Current Ratio or its related term are showing as below:
XKLS:9172'
s Current Ratio Range Over the Past 10 Years
Min: 1.85 Med: 2.71 Max: 5.61
Current: 2.91
During the past 13 years, Formosa Prosonic Industries Bhd's highest Current Ratio was 5.61. The lowest was 1.85. And the median was 2.71.
XKLS:9172's Current Ratio is ranked better than 70.78% of 2495
companies
in the Hardware industry
Industry Median: 1.96
vs XKLS:9172: 2.91
Formosa Prosonic Industries Bhd (XKLS:9172) 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.
Formosa Prosonic Industries Bhd Current Ratio Related Terms
Formosa Prosonic Industries 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.
Formosa Prosonic Industries Bhd Current Ratio Chart
For the Consumer Electronics subindustry, Formosa Prosonic Industries 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.
Formosa Prosonic Industries Bhd Current Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Formosa Prosonic Industries Bhd's Current Ratio distribution charts can be found below:
* The bar in red indicates where Formosa Prosonic Industries 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.
Formosa Prosonic Industries Bhd (XKLS:9172) has a Current Ratio of 2.91 as of Mar. 2026. This is near median its historical median of 2.71. Over the past decade, Formosa Prosonic Industries Bhd's Current Ratio has ranged from 1.85 to 5.61. According to the industry distribution chart, Formosa Prosonic Industries Bhd ranks #729 out of 2495 companies in the Hardware industry, placing it in the top 29.2%.
Is Formosa Prosonic Industries Bhd's Current Ratio too high?
Formosa Prosonic Industries Bhd's current Current Ratio of 2.91 is near median its 10-year median of 2.71. Over the past 10 years, this metric has ranged from a low of 1.85 to a high of 5.61. The Hardware industry median Current Ratio is 1.96. Formosa Prosonic Industries Bhd's value of 2.91 is 48.5% above this industry median. Based on the distribution chart, Formosa Prosonic Industries Bhd ranks #729 out of 2495 companies in the Hardware industry, which is above the industry midpoint. Overall, Formosa Prosonic Industries Bhd has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Formosa Prosonic Industries Bhd's Current Ratio compare to AAPL?
According to the Hardware industry distribution chart, Formosa Prosonic Industries Bhd ranks #729 out of 2495 companies for Current Ratio. This puts Formosa Prosonic Industries Bhd in the upper half of its industry. The industry median Current Ratio is 1.96. Formosa Prosonic Industries Bhd's value of 2.91 is 48.5% above this benchmark. Historically, Formosa Prosonic Industries Bhd's own Current Ratio has ranged from 1.85 to 5.61 over the past decade. While the company's 10-year median is 2.71 vs. the industry median of 1.96, Formosa Prosonic Industries 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 Hardware company?
The median Current Ratio among Hardware companies is 1.96, based on 2,495 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. Formosa Prosonic Industries Bhd's current Current Ratio of 2.91 is 48.5% 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 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. Formosa Prosonic Industries Bhd's current Current Ratio is 2.91, which is near median its own 10-year median of 2.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formosa Prosonic Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Formosa Prosonic Industries Bhd (XKLS:9172) is currently considered Possible Value Trap. The stock's GF Value™ is RM1.44, compared to a current price of RM0.92 — trading 36.5% below its estimated fair value. The current Current Ratio is 2.91, which is near median its 10-year median of 2.71 and 48.5% above the Hardware industry median of 1.96. Formosa Prosonic Industries Bhd's overall GF Score™ is 70/100 with 3 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 Formosa Prosonic Industries Bhd (XKLS:9172), the current Current Ratio is 2.91 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 Formosa Prosonic Industries Bhd (XKLS:9172) Overvalued in 2026?
Based on GuruFocus' analysis, Formosa Prosonic Industries Bhd stock appears to be undervalued.
The current stock price of RM0.92 is trading 36.5% below its estimated GF Value™ of RM1.44.
GuruFocus considers Formosa Prosonic Industries Bhd to be Possible Value Trap.
Key valuation signals for XKLS:9172:
Current Ratio: 2.91 (near median its 10-year median of 2.71)
GF Value™: RM1.44 vs. price of RM0.92 (36.5% below fair value)
Industry Position: 48.5% above the Hardware median (#729 of 2495)
No single metric tells the full story. See the XKLS:9172 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Formosa Prosonic Industries Bhd Business Description
Formosa Prosonic Industries Bhd is a Malaysian based company. Together with its subsidiaries the company is engaged in manufacturing, assembly and sales of High quality speaker systems, investment holding. Its reportable segments are Malaysia and United Kingdom with the majority of the revenue generated from Malaysia. Its product portfolio includes wireless speaker products, conventional speaker products, musical instrument products and acoustic products. It also offers services including design services, manufacturing services, supply chain support and quality systems.
70GF Score
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