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. Xinyi Glass Holdings's current ratio for the quarter that ended in Jun. 2024 was 1.08.
Xinyi Glass Holdings has a current ratio of 1.08. It generally indicates good short-term financial strength.
The historical rank and industry rank for Xinyi Glass Holdings's Current Ratio or its related term are showing as below:
XYIGF'
s Current Ratio Range Over the Past 10 Years
Min: 0.94 Med: 1.16 Max: 1.89
Current: 1.08
During the past 13 years, Xinyi Glass Holdings's highest Current Ratio was 1.89. The lowest was 0.94. And the median was 1.16.
XYIGF's Current Ratio is ranked worse than 72.68% of 399
companies
in the Building Materials industry
Industry Median: 1.47
vs XYIGF: 1.08
Xinyi Glass Holdings Current Ratio Historical Data
The historical data trend for Xinyi Glass Holdings'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.
Competitive Comparison of Xinyi Glass Holdings's Current Ratio
For the Building Materials subindustry, Xinyi Glass Holdings'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.
Xinyi Glass Holdings's Current Ratio Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, Xinyi Glass Holdings's Current Ratio distribution charts can be found below:
* The bar in red indicates where Xinyi Glass Holdings's Current Ratio falls into.
Xinyi Glass Holdings 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.
Xinyi Glass Holdings's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Xinyi Glass Holdings (OTCPK:XYIGF) 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.
Xinyi Glass Holdings Current Ratio Related Terms
Thank you for viewing the detailed overview of Xinyi Glass Holdings's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Xinyi Glass Holdings Ltd is engaged in the production and sales of float glass products, automobile glass products, construction glass products and a variety of related products in the PRC and Malaysia. It produces and sells range of glass products, including automobile glass, energy-saving architectural glass, high-quality float glass and other glass products for different commercial and industrial applications. Its glass products are sold to customers in over 140 countries and territories, including the PRC, Hong Kong, the United States, Canada, Australia, New Zealand and countries in Asia, the Middle East, Europe, Africa, and America. Its segments include float glass; automobile glass; and architectural glass out of which the float glass segment accounts for the majority of revenue.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XYIGF has been successfully added to your 