As of June 19, 2025, Jiangxi Hungpai New Material Co Ltd (605366.SS) reports a Current Ratio of 2.73.
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 Jiangxi Hungpai New Material Co Ltd's Current Ratio
Over recent years, Jiangxi Hungpai New Material Co Ltd's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2023-12-31 | 2.73 |
| 2022-12-31 | 2.53 |
| 2021-12-31 | 2.91 |
| 2020-12-31 | 8.26 |
| 2019-12-31 | 1.92 |
This slight upward trend highlights how Jiangxi Hungpai New Material Co Ltd manages its short-term assets and liabilities over time.
Comparing Jiangxi Hungpai New Material Co Ltd's Current Ratio to Peers
To better understand Jiangxi Hungpai New Material Co Ltd's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Jiangxi Hungpai New Material Co Ltd (605366.SS) | 2.73 |
| Jiangsu Jiangnan High Polymer Fiber Co Ltd (600527.SS) | 14.48 |
| Hebei Jinniu Chemical Industry Co Ltd (600722.SS) | 9.57 |
| Poly Plastic Masterbatch SuZhou Co Ltd (300905.SZ) | 6.09 |
| Hubei Zhenhua Chemical Co Ltd (603067.SS) | 2.96 |
| Jiangsu Yuxing Film Technology Co Ltd (300305.SZ) | 2.75 |
Compared to its competitors, Jiangxi Hungpai New Material 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.