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ECARX Holdings (ECARX Holdings) Current Ratio : 0.78 (As of Dec. 2023)


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What is ECARX Holdings 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. ECARX Holdings's current ratio for the quarter that ended in Dec. 2023 was 0.78.

ECARX Holdings has a current ratio of 0.78. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If ECARX Holdings 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 ECARX Holdings's Current Ratio or its related term are showing as below:

ECX' s Current Ratio Range Over the Past 10 Years
Min: 0.78   Med: 0.81   Max: 0.98
Current: 0.78

During the past 4 years, ECARX Holdings's highest Current Ratio was 0.98. The lowest was 0.78. And the median was 0.81.

ECX's Current Ratio is ranked worse than
91.74% of 1308 companies
in the Vehicles & Parts industry
Industry Median: 1.52 vs ECX: 0.78

ECARX Holdings Current Ratio Historical Data

The historical data trend for ECARX 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.

* Premium members only.

ECARX Holdings Current Ratio Chart

ECARX Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Current Ratio
- 0.81 0.98 0.78

ECARX Holdings Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.98 0.86 0.88 0.85 0.78

Competitive Comparison of ECARX Holdings's Current Ratio

For the Auto Parts subindustry, ECARX 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.


ECARX Holdings's Current Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ECARX Holdings's Current Ratio distribution charts can be found below:

* The bar in red indicates where ECARX Holdings's Current Ratio falls into.



ECARX 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.

ECARX Holdings's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )=Total Current Assets (A: Dec. 2023 )/Total Current Liabilities (A: Dec. 2023 )
=460.595/590.387
=0.78

ECARX Holdings's Current Ratio for the quarter that ended in Dec. 2023 is calculated as

Current Ratio (Q: Dec. 2023 )=Total Current Assets (Q: Dec. 2023 )/Total Current Liabilities (Q: Dec. 2023 )
=460.595/590.387
=0.78

* 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.


ECARX Holdings  (NAS:ECX) 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.


ECARX Holdings Current Ratio Related Terms

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ECARX Holdings (ECARX Holdings) Business Description

Traded in Other Exchanges
N/A
Address
1 St. Katharine’s Way, ECARX office, 2nd Floor South, International House, London, GBR, E1W 1UN
ECARX Holdings Inc is engaged in the sales of system-on-chip core modules, automotive computing platform products, software stacks as well as the provision of research and development services primarily in the People's Republic of China. The company's core products include infotainment head units, digital cockpits, vehicle chip-set solutions, a core operating system and integrated software stack. Beyond this, ECARX is developing a full-stack automotive computing platform. It is engaged in automotive intelligence and networking.
Executives
Jun Hong Heng director C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108