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XNGSY (ENN Energy Holdings) Current Ratio : 0.72 (As of Jun. 2024)


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What is ENN Energy 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. ENN Energy Holdings's current ratio for the quarter that ended in Jun. 2024 was 0.72.

ENN Energy Holdings has a current ratio of 0.72. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If ENN Energy 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 ENN Energy Holdings's Current Ratio or its related term are showing as below:

XNGSY' s Current Ratio Range Over the Past 10 Years
Min: 0.6   Med: 0.7   Max: 1.11
Current: 0.72

During the past 13 years, ENN Energy Holdings's highest Current Ratio was 1.11. The lowest was 0.60. And the median was 0.70.

XNGSY's Current Ratio is ranked worse than
75.83% of 509 companies
in the Utilities - Regulated industry
Industry Median: 1.07 vs XNGSY: 0.72

ENN Energy Holdings Current Ratio Historical Data

The historical data trend for ENN Energy 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.

ENN Energy Holdings Current Ratio Chart

ENN Energy Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.71 0.66 0.75 0.76

ENN Energy Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.77 0.75 0.74 0.76 0.72

Competitive Comparison of ENN Energy Holdings's Current Ratio

For the Utilities - Regulated Gas subindustry, ENN Energy 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.


ENN Energy Holdings's Current Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, ENN Energy Holdings's Current Ratio distribution charts can be found below:

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



ENN Energy 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.

ENN Energy 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 )
=3693.874/4891.039
=0.76

ENN Energy Holdings's Current Ratio for the quarter that ended in Jun. 2024 is calculated as

Current Ratio (Q: Jun. 2024 )=Total Current Assets (Q: Jun. 2024 )/Total Current Liabilities (Q: Jun. 2024 )
=3105.435/4288.806
=0.72

* 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.


ENN Energy Holdings  (OTCPK:XNGSY) 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.


ENN Energy Holdings Current Ratio Related Terms

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ENN Energy Holdings Business Description

Traded in Other Exchanges
Address
Xinyuan DongDao Road, Building A, ENN Industrial Park, Economic and Technological Development Zone, Hebei Province, Langfang, CHN, 065001
ENN Energy Holdings is primarily engaged in distributing and retailing natural gas. By year-end 2023, ENN owned 259 city gas projects in China, with annual gas sales volume of 33.6 billion cubic meters. Meanwhile, the aggregate number of connected piped gas residential households reached 29.8 million, with an average gas penetration rate of 65.2%. ENN Energy also has ventured into integrated energy business with 296 projects in operation.