002901.SZ
Price:
$48.3
Market Cap:
$19.64B
Double Medical Technology Inc. provides services, technologies, and devices in the areas of orthopedics, wound management, neurosurgery, and general surgery in China. It also exports its products to approximately 50 countries and regions, including European Union, Russia, South America, Australia, Southeast Asia, the Middle East, and South Africa. The company was formerly known as Xiamen Da Bo Ying Jing Medical Equipment Company Limited. Double Medical Technology Inc. was founded in 2004 and is based in Xiamen, the People's Republic of China.
Industry
Medical - Devices
IPO Date
2017-09-22
Stock Exchange
SHZ
Ticker
002901.SZ
According to Double Medical Technology Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 3.77. This represents a change of 14.54% compared to the average of 3.29 of the last 4 quarters.
The mean historical Current Ratio of Double Medical Technology Inc. over the last ten years is 4.59. The current 3.77 Current Ratio has changed 8.12% with respect to the historical average. Over the past ten years (40 quarters), 002901.SZ's Current Ratio was at its highest in in the September 2017 quarter at 11.75. The Current Ratio was at its lowest in in the September 2016 quarter at 0.
Average
4.59
Median
3.84
Minimum
2.73
Maximum
9.41
Discovering the peaks and valleys of Double Medical Technology Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 170.27%
Maximum Annual Current Ratio = 9.41
Minimum Annual Increase = -48.69%
Minimum Annual Current Ratio = 2.73
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 2.99 | 9.20% |
| 2023 | 2.73 | -28.11% |
| 2022 | 3.80 | 14.65% |
| 2021 | 3.32 | -25.73% |
| 2020 | 4.47 | 15.45% |
| 2019 | 3.87 | -48.69% |
| 2018 | 7.54 | -19.83% |
| 2017 | 9.41 | 122.79% |
| 2016 | 4.22 | 19.90% |
| 2015 | 3.52 | 170.27% |
The current Current Ratio of Double Medical Technology Inc. (002901.SZ) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages
3-year avg
3.18
5-year avg
3.46
10-year avg
4.59
Double Medical Technology Inc.’s Current Ratio is less than iRay Technology Company Limited (3.87), greater than Topchoice Medical Corporation (1.62), greater than Liaoning Cheng Da Co., Ltd. (1.10), greater than Autobio Diagnostics Co., Ltd. (2.58), less than Jafron Biomedical Co.,Ltd. (4.26), greater than Shenyang Xingqi Pharmaceutical Co.,Ltd (1.90), greater than Meinian Onehealth Healthcare Holdings Co., Ltd. (0.79), greater than DaShenLin Pharmaceutical Group Co., Ltd. (0.96), greater than BGI Genomics Co., Ltd. (2.81), greater than China Resources Double-Crane Pharmaceutical Co.,Ltd. (2.25),
| Company | Current Ratio | Market cap |
|---|---|---|
| 3.87 | $20.26B | |
| 1.62 | $18.69B | |
| 1.10 | $17.90B | |
| 2.58 | $20.66B | |
| 4.26 | $15.26B | |
| 1.90 | $17.90B | |
| 0.79 | $20.20B | |
| 0.96 | $20.31B | |
| 2.81 | $18.84B | |
| 2.25 | $19.37B |
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