China HK Power Smart Energy Group has a current ratio of 0.40. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If China HK Power Smart Energy Group 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 China HK Power Smart Energy Group's Current Ratio or its related term are showing as below:
CHNTF'
s Current Ratio Range Over the Past 10 Years
Min: 0.33 Med: 1.34 Max: 117.89
Current: 0.4
During the past 13 years, China HK Power Smart Energy Group's highest Current Ratio was 117.89. The lowest was 0.33. And the median was 1.34.
CHNTF's Current Ratio is ranked worse than 90.72% of 1078
companies
in the Oil & Gas industry
Industry Median: 1.33
vs CHNTF: 0.40
China HK Power Smart Energy Group 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.
* Premium members only.
China HK Power Smart Energy Group Current Ratio Chart
Competitive Comparison of China HK Power Smart Energy Group's Current Ratio
For the Oil & Gas Refining & Marketing subindustry, China HK Power Smart Energy Group'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.
China HK Power Smart Energy Group's Current Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, China HK Power Smart Energy Group's Current Ratio distribution charts can be found below:
* The bar in red indicates where China HK Power Smart Energy Group's Current Ratio falls into.
China HK Power Smart Energy Group 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.
* 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.
China HK Power Smart Energy Group (OTCPK:CHNTF) 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.
China HK Power Smart Energy Group Current Ratio Related Terms
Thank you for viewing the detailed overview of China HK Power Smart Energy Group's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
China HK Power Smart Energy Group (China HK Power Smart Energy Group) Business Description
China HK Power Smart Energy Group Ltd Formerly China LNG Group Ltd is engaged in the development of new energy businesses, which include investment, construction & operation of liquefied natural gas infrastructure, and financial leasing services. Its segments include financial services through finance leasing services for LNG vehicles, vessels, and equipment, provision of LNG in the downstream market, provision of commercial vehicle platform services, trading of securities, properties investment, and financial services through the provision of money lending business & LNG business which is Sales & distribution of LNG including wholesale of LNG, point-to-point supply of LNG, LNG pipeline network and provision of LNG logistic services in the PRC. The majority of revenue is from LNG business.
China HK Power Smart Energy Group (China HK Power Smart Energy Group) Headlines
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