1278.HK
Price:
$0.083
Market Cap:
$729.86M
China New Town Development Company Limited engages in planning and developing new towns in the People's Republic of China. It operates through four segments: Land Development, Urbanization Development, Property Leasing, and Others. The company provides land infrastructure development services; constructs ancillary public facilities; and invests in new town projects. It also offers property leasing and management, real estate and enterprise investment consultation, asset and fund management, investment and asset development, and investment management services. The company was founded in 2002 and is based in Kowloon, Hong Kong.
Industry
Real Estate - Development
IPO Date
2010-10-22
Stock Exchange
HKSE
Ticker
1278.HK
According to China New Town Development Company Limited’s latest financial reports and current stock price. The company's current Current Ratio is 2.53. This represents a change of -34.57% compared to the average of 3.86 of the last 4 quarters.
The mean historical Current Ratio of China New Town Development Company Limited over the last ten years is 2.99. The current 2.53 Current Ratio has changed 8.34% with respect to the historical average. Over the past ten years (40 quarters), 1278.HK's Current Ratio was at its highest in in the September 2024 quarter at 5.19. The Current Ratio was at its lowest in in the June 2016 quarter at 1.65.
Average
2.99
Median
2.59
Minimum
1.83
Maximum
5.19
Discovering the peaks and valleys of China New Town Development Company Limited 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 = 59.09%
Maximum Annual Current Ratio = 5.19
Minimum Annual Increase = -99.61%
Minimum Annual Current Ratio = 1.83
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 5.19 | 12.45% |
| 2023 | 4.62 | 59.09% |
| 2022 | 2.90 | 18.45% |
| 2021 | 2.45 | 8.58% |
| 2020 | 2.26 | -37.52% |
| 2019 | 3.61 | 45.37% |
| 2018 | 2.48 | 35.88% |
| 2017 | 1.83 | -32.31% |
| 2016 | 2.70 | 45.87% |
| 2015 | 1.85 | -99.61% |
The current Current Ratio of China New Town Development Company Limited (1278.HK) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
4.24
5-year avg
3.48
10-year avg
2.99
China New Town Development Company Limited’s Current Ratio is greater than Redco Properties Group Limited (0.89), greater than KWG Group Holdings Limited (0.66), greater than Cheuk Nang (Holdings) Limited (0), greater than Kasen International Holdings Limited (2.27), greater than Lai Sun Development Company Limited (0.76), greater than Kaisa Group Holdings Ltd. (0.73), greater than Financial Street Property Co., Limited (2.13), greater than Hon Kwok Land Investment Company, Limited (0), less than Tian Teck Land Limited (4.96), greater than Multifield International Holdings Limited (0),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0.89 | $664.15M | |
| 0.66 | $516.25M | |
| 0 | $783.21M | |
| 2.27 | $817.26M | |
| 0.76 | $901.06M | |
| 0.73 | $722.40M | |
| 2.13 | $769.44M | |
| 0 | $677.20M | |
| 4.96 | $992.19M | |
| 0 | $827.71M |
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