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Pangaea Connectivity Technology (HKSE:01473) Current Ratio : 1.27 (As of Sep. 2024)


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What is Pangaea Connectivity Technology Current Ratio?

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. Pangaea Connectivity Technology's current ratio for the quarter that ended in Sep. 2024 was 1.27.

Pangaea Connectivity Technology has a current ratio of 1.27. It generally indicates good short-term financial strength.

The historical rank and industry rank for Pangaea Connectivity Technology's Current Ratio or its related term are showing as below:

HKSE:01473' s Current Ratio Range Over the Past 10 Years
Min: 1.1   Med: 1.28   Max: 1.46
Current: 1.27

During the past 8 years, Pangaea Connectivity Technology's highest Current Ratio was 1.46. The lowest was 1.10. And the median was 1.28.

HKSE:01473's Current Ratio is ranked worse than
79.79% of 2459 companies
in the Hardware industry
Industry Median: 2.01 vs HKSE:01473: 1.27

Pangaea Connectivity Technology Current Ratio Historical Data

The historical data trend for Pangaea Connectivity Technology'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.

Pangaea Connectivity Technology Current Ratio Chart

Pangaea Connectivity Technology Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Current Ratio
Get a 7-Day Free Trial 1.46 1.38 1.35 1.22 1.27

Pangaea Connectivity Technology Semi-Annual Data
Mar18 Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.35 1.28 1.22 1.27 1.27

Competitive Comparison of Pangaea Connectivity Technology's Current Ratio

For the Communication Equipment subindustry, Pangaea Connectivity Technology'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.


Pangaea Connectivity Technology's Current Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Pangaea Connectivity Technology's Current Ratio distribution charts can be found below:

* The bar in red indicates where Pangaea Connectivity Technology's Current Ratio falls into.


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Pangaea Connectivity Technology 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.

Pangaea Connectivity Technology's Current Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Current Ratio (A: Mar. 2024 )=Total Current Assets (A: Mar. 2024 )/Total Current Liabilities (A: Mar. 2024 )
=760.006/625.046
=1.22

Pangaea Connectivity Technology's Current Ratio for the quarter that ended in Sep. 2024 is calculated as

Current Ratio (Q: Sep. 2024 )=Total Current Assets (Q: Sep. 2024 )/Total Current Liabilities (Q: Sep. 2024 )
=695.558/548.132
=1.27

* 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.


Pangaea Connectivity Technology  (HKSE:01473) 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.


Pangaea Connectivity Technology Current Ratio Related Terms

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Pangaea Connectivity Technology Business Description

Traded in Other Exchanges
N/A
Address
181 Johnston Road, Rooms 902-6, 9th Floor, Tai Yau Building, Wanchai, Hong Kong, HKG
Pangaea Connectivity Technology Ltd is involved in the telecom and datacom connectivity industry. It offers connectivity products covering wireless microwave networks, optical networks from access to metro to regional and long haul, and data center and commercial networks for cellular, fixed, personal and private usage. The company is principally engaged in import and export of connectivity products which are used in telecom and datacom connectivity industry for different end applications such as telecom infrastructure, data centres, high performance computing, IoT, and network connectivity products.
Executives
Generous Horizon Limited 2101 Beneficial owner
Fung Yui Kong 2201 Interest of corporation controlled by you
Lam Esther W. 2202 Interest of your spouse
Poon Ka Ho Stanley 2101 Beneficial owner
Generous Team Limited

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