Shaanxi Jinye Science Technology and Education Group Co has a current ratio of 0.41. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Shaanxi Jinye Science Technology and Education Group Co has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
* 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.
Shaanxi Jinye Science Technology and Education Group Co Current Ratio Chart
Shaanxi Jinye Science Technology and Education Group Co Annual Data
* 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.
Shaanxi Jinye Science Technology and Education Group Co's Current Ratio Distribution in the Business Services Industry
* 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.
Shaanxi Jinye Science Technology and Education Group Co (SZSE:000812) 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.
Shaanxi Jinye Science Technology and Education Group Co Current Ratio Related Terms
Thank you for viewing the detailed overview of Shaanxi Jinye Science Technology and Education Group Co's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Shaanxi Jinye Science Technology and Education Group Co (SZSE:000812) Business Description
Shaanxi Jinye Science Technology And Education Co Ltd engages in the packaging and decorating of printed materials and the operation of high-tech digital printing technology. It is also involved in the education and cultural industries in China.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SZSE:000812 has been successfully added to your 