Weilong Delicious Global Holdings has a current ratio of 3.17. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Weilong Delicious Global Holdings's Current Ratio or its related term are showing as below:
HKSE:09985'
s Current Ratio Range Over the Past 10 Years
Min: 1.38 Med: 2.38 Max: 3.56
Current: 3.17
During the past 5 years, Weilong Delicious Global Holdings's highest Current Ratio was 3.56. The lowest was 1.38. And the median was 2.38.
HKSE:09985's Current Ratio is ranked better than 78.74% of 1910
companies
in the Consumer Packaged Goods industry
Industry Median: 1.66
vs HKSE:09985: 3.17
Weilong Delicious Global Holdings 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.
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Weilong Delicious Global Holdings Current Ratio Chart
Weilong Delicious Global Holdings Annual Data
Trend
Dec19
Dec20
Dec21
Dec22
Dec23
Current Ratio
1.38
1.59
2.38
3.56
3.17
Weilong Delicious Global Holdings Semi-Annual Data
Competitive Comparison of Weilong Delicious Global Holdings's Current Ratio
For the Packaged Foods subindustry, Weilong Delicious Global 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.
Weilong Delicious Global Holdings's Current Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Weilong Delicious Global Holdings's Current Ratio distribution charts can be found below:
* The bar in red indicates where Weilong Delicious Global Holdings's Current Ratio falls into.
Weilong Delicious Global 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.
* 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.
Weilong Delicious Global Holdings (HKSE:09985) 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.
Weilong Delicious Global Holdings Current Ratio Related Terms
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Weilong Delicious Global Holdings (HKSE:09985) Business Description
Weilong Delicious Global Holdings Ltd is principally engaged in the production and sale of spicy snack food. The group is organized into business units based on the products and has three reportable operating segments namely, Seasoned flour products, comprising Big Latiao, Mini Latiao, Spicy Hot Stick, Mini Hot Stick and Kiss Burn; Vegetable products, comprising Konjac Shuang and Fengchi Kelp and Bean-based and other products, comprising Soft Tofu Skin, 78 Braised egg and meat products. Majority of the company's revenue is derived from Seasoned flour products and the business activities are conducted in China.
Weilong Delicious Global Holdings (HKSE:09985) Headlines
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