As of June 12, 2025, Shenzhen Magic Design & Decoration Engineering Co Ltd (002856.SZ) reports a Current Ratio of 0.79.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Shenzhen Magic Design & Decoration Engineering Co Ltd's Current Ratio
Over recent years, Shenzhen Magic Design & Decoration Engineering Co Ltd's Current Ratio has shown a moderate pattern. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2023-12-31 | 0.79 |
| 2022-12-31 | 1.13 |
| 2021-12-31 | 1.51 |
| 2020-12-31 | 1.68 |
| 2019-12-31 | 1.55 |
This slight downward trend highlights how Shenzhen Magic Design & Decoration Engineering Co Ltd manages its short-term assets and liabilities over time.
Comparing Shenzhen Magic Design & Decoration Engineering Co Ltd's Current Ratio to Peers
To better understand Shenzhen Magic Design & Decoration Engineering Co Ltd's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Shenzhen Magic Design & Decoration Engineering Co Ltd (002856.SZ) | 0.79 |
| Tieling Newcity Investment Holding Group Ltd (000809.SZ) | 6.34 |
| Haibo Heavy Engineering Science and Technology Co Ltd (300517.SZ) | 3.80 |
| HES Technology Group Co Ltd (002963.SZ) | 3.39 |
| Zhongyan Technology Co Ltd (003001.SZ) | 2.51 |
| L&K Engineering Suzhou Co Ltd (603929.SS) | 1.76 |
Compared to its competitors, Shenzhen Magic Design & Decoration Engineering Co Ltd's Current Ratio is among the lowest compared to peers, suggesting tighter liquidity management or potential short-term obligations concerns.