As of June 6, 2025, Jiangsu Newamstar Packaging Machinery Co Ltd (300509.SZ) reports a Current Ratio of 1.21.
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 Jiangsu Newamstar Packaging Machinery Co Ltd's Current Ratio
Over recent years, Jiangsu Newamstar Packaging Machinery Co Ltd's Current Ratio has shown a moderate pattern. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-12-31 | 1.21 |
| 2023-12-31 | 1.27 |
| 2022-12-31 | 1.32 |
| 2021-12-31 | 1.30 |
| 2020-12-31 | 1.34 |
This gradual decrease highlights how Jiangsu Newamstar Packaging Machinery Co Ltd manages its short-term assets and liabilities over time.
Comparing Jiangsu Newamstar Packaging Machinery Co Ltd's Current Ratio to Peers
To better understand Jiangsu Newamstar Packaging Machinery Co Ltd's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Jiangsu Newamstar Packaging Machinery Co Ltd (300509.SZ) | 1.21 |
| Shenzhen Riland Industry Group Co Ltd (300154.SZ) | 3.96 |
| Ken Holding Co Ltd (300126.SZ) | 3.87 |
| Zhejiang Sf Oilless Bearing Co Ltd (300817.SZ) | 2.98 |
| Sichuan Kexin Mechanical and Electrical Equipment Co Ltd (300092.SZ) | 2.77 |
| QingHai HuaDing Industrial Co Ltd (600243.SS) | 2.61 |
Compared to its competitors, Jiangsu Newamstar Packaging Machinery Co Ltd's Current Ratio is among the lowest compared to peers, suggesting tighter liquidity management or potential short-term obligations concerns.