Cho Lon Investment and Import Export 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 Cho Lon Investment and Import Export has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
HSTC:CLX's Current Ratio is not ranked *
in the Conglomerates industry.
Industry Median: 1.54 * Ranked among companies with meaningful Current Ratio only.
Cho Lon Investment and Import Export 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.
Cho Lon Investment and Import Export Current Ratio Chart
Cho Lon Investment and Import Export Annual Data
Trend
Current Ratio
Cho Lon Investment and Import Export Semi-Annual Data
Current Ratio
Competitive Comparison of Cho Lon Investment and Import Export's Current Ratio
For the Conglomerates subindustry, Cho Lon Investment and Import Export'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.
Cho Lon Investment and Import Export's Current Ratio Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Cho Lon Investment and Import Export's Current Ratio distribution charts can be found below:
* The bar in red indicates where Cho Lon Investment and Import Export's Current Ratio falls into.
Cho Lon Investment and Import Export 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.
Cho Lon Investment and Import Export (HSTC:CLX) 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.
Cho Lon Investment and Import Export Current Ratio Related Terms
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Cho Lon Investment and Import Export (HSTC:CLX) Business Description
Cho Lon Investment and Import Export Corp is an investment holding company. The company is engaged in the development and expansion of industrial park infrastructure and production, processing, and distribution of food, agricultural and aquatic products for export, and others.
Cho Lon Investment and Import Export (HSTC:CLX) Headlines
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