As of June 20, 2025, Qingdao Copton Technology Co Ltd (603798.SS) reports a Current Ratio of 4.92.
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 Qingdao Copton Technology Co Ltd's Current Ratio
Over recent years, Qingdao Copton Technology Co Ltd's Current Ratio has shown a moderate pattern. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-12-31 | 4.92 |
| 2023-12-31 | 5.11 |
| 2022-12-31 | 5.04 |
| 2021-12-31 | 5.34 |
| 2020-12-31 | 5.49 |
This slight downward trend highlights how Qingdao Copton Technology Co Ltd manages its short-term assets and liabilities over time.
Comparing Qingdao Copton Technology Co Ltd's Current Ratio to Peers
To better understand Qingdao Copton Technology Co Ltd's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Qingdao Copton Technology Co Ltd (603798.SS) | 4.92 |
| Jiangsu Zhengdan Chemical Industry Co Ltd (300641.SZ) | 8.44 |
| Shandong Polymer Biochemicals Co Ltd (002476.SZ) | 7.28 |
| Guangdong Redwall New Materials Co Ltd (002809.SZ) | 5.48 |
| Hebei Jianxin Chemical Co Ltd (300107.SZ) | 5.00 |
| Jiangsu Liba Enterprise Joint-Stock Co Ltd (603519.SS) | 4.93 |
Compared to its competitors, Qingdao Copton Technology Co Ltd's Current Ratio is among the highest compared to peers, indicating strong short-term financial flexibility but potentially excess cash that could be invested.