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Shenzhen-ZhongRong Morgan Investment Holding Group Co Current Ratio

: 0.00 (As of Mar. 2017)
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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. Shenzhen-ZhongRong Morgan Investment Holding Group Co's current ratio for the quarter that ended in Mar. 2017 was 0.00.

Shenzhen-ZhongRong Morgan Investment Holding Group Co has a current ratio of 0.00. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Shenzhen-ZhongRong Morgan Investment Holding Group Co has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for Shenzhen-ZhongRong Morgan Investment Holding Group Co's Current Ratio or its related term are showing as below:


Shenzhen-ZhongRong Morgan Investment Holding Group Co Current Ratio Historical Data

The historical data trend for Shenzhen-ZhongRong Morgan Investment Holding Group Co'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.

* Premium members only.

Shenzhen-ZhongRong Morgan Investment Holding Group Co Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Current Ratio
Premium Member Only - - 2.50 0.50 -

Shenzhen-ZhongRong Morgan Investment Holding Group Co Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
Current Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison

For the Shell Companies subindustry, Shenzhen-ZhongRong Morgan Investment Holding Group Co'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.

   

Shenzhen-ZhongRong Morgan Investment Holding Group Co Current Ratio Distribution

For the Diversified Financial Services industry and Financial Services sector, Shenzhen-ZhongRong Morgan Investment Holding Group Co's Current Ratio distribution charts can be found below:

* The bar in red indicates where Shenzhen-ZhongRong Morgan Investment Holding Group Co's Current Ratio falls into.



Shenzhen-ZhongRong Morgan Investment Holding Group Co 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.

Shenzhen-ZhongRong Morgan Investment Holding Group Co's Current Ratio for the fiscal year that ended in Dec. 2016

Current Ratio (A: Dec. 2016 )=Total Current Assets (A: Dec. 2016 )/Total Current Liabilities (A: Dec. 2016 )
=0/0.005
=0.00

Shenzhen-ZhongRong Morgan Investment Holding Group Co's Current Ratio for the quarter that ended in Mar. 2017 is calculated as

Current Ratio (Q: Mar. 2017 )=Total Current Assets (Q: Mar. 2017 )/Total Current Liabilities (Q: Mar. 2017 )
=0/0.005
=0.00

* 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.


Shenzhen-ZhongRong Morgan Investment Holding Group Co  (GREY:ZRMG) 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.


Shenzhen-ZhongRong Morgan Investment Holding Group Co Current Ratio Related Terms

Thank you for viewing the detailed overview of Shenzhen-ZhongRong Morgan Investment Holding Group Co's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Shenzhen-ZhongRong Morgan Investment Holding Group Co Business Description

Shenzhen-ZhongRong Morgan Investment Holding Group Co logo
Industry
Traded in Other Exchanges
N/A
Address
136-40 39th Avenue, Suite 6B, Garden Plaza, Flushing, NY, USA, 11354
Website
Shenzhen-ZhongRong Morgan Investment Holding Group Co Ltd is a shell company.

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