300850.SZ
Price:
$46.57
Market Cap:
$17.34B
Luoyang Xinqianglian Slewing Bearing Co., Ltd. manufactures and sells slewing bearings for industrial purposes in China and internationally. The company offers single row tapered, triple-row, and double-row tapered roller main bearings, as well as individual triple-row roller pitch bearings and yaw bearings for wind turbine generators; tunnel boring machine main bearings; drive plates; large size slewing bearing for floating crane; and slewing bearing for ferris wheel. It also engages in the photovoltaic and wind power business. The company was founded in 2005 and is based in Luoyang, China.
Industry
Manufacturing - Metal Fabrication
IPO Date
2020-07-13
Stock Exchange
SHZ
Ticker
300850.SZ
According to Luoyang Xinqianglian Slewing Bearing Co., Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 1.69. This represents a change of -7.23% compared to the average of 1.82 of the last 4 quarters.
The mean historical Current Ratio of Luoyang Xinqianglian Slewing Bearing Co., Ltd. over the last ten years is 1.84. The current 1.69 Current Ratio has changed 9.09% with respect to the historical average. Over the past ten years (40 quarters), 300850.SZ's Current Ratio was at its highest in in the September 2021 quarter at 2.51. The Current Ratio was at its lowest in in the September 2019 quarter at 0.
Average
1.84
Median
1.88
Minimum
1.42
Maximum
2.15
Discovering the peaks and valleys of Luoyang Xinqianglian Slewing Bearing Co., Ltd. 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 = 20.38%
Maximum Annual Current Ratio = 2.15
Minimum Annual Increase = -30.17%
Minimum Annual Current Ratio = 1.42
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 1.88 | 20.38% |
| 2023 | 1.56 | 9.94% |
| 2022 | 1.42 | -30.17% |
| 2021 | 2.04 | -1.50% |
| 2020 | 2.07 | 5.03% |
| 2019 | 1.97 | -8.50% |
| 2018 | 2.15 | 15.50% |
| 2017 | 1.86 | 15.12% |
The current Current Ratio of Luoyang Xinqianglian Slewing Bearing Co., Ltd. (300850.SZ) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
1.62
5-year avg
1.79
10-year avg
1.84
Luoyang Xinqianglian Slewing Bearing Co., Ltd.’s Current Ratio is greater than Jack Technology Co.,Ltd (1.53), less than Hefei Meyer Optoelectronic Technology Inc. (3.92), less than Jiayou International Logistics Co.,Ltd (1.93), greater than China First Heavy Industries (1.14), less than China Railway Special Cargo Logistics Co., Ltd. (4.42), less than Wuhan DR Laser Technology Corp.,Ltd (3.17), greater than Shanghai Zhenhua Heavy Industries Co., Ltd. (0.97), greater than COSCO SHIPPING Specialized Carriers Co.,Ltd. (1.20), greater than Zhejiang Wanma Co., Ltd. (1.40), greater than Zhuzhou Kibing Group Co.,Ltd (1.22),
| Company | Current Ratio | Market cap |
|---|---|---|
| 1.53 | $17.63B | |
| 3.92 | $18.26B | |
| 1.93 | $17.83B | |
| 1.14 | $25.79B | |
| 4.42 | $18.27B | |
| 3.17 | $16.49B | |
| 0.97 | $20.07B | |
| 1.20 | $19.48B | |
| 1.40 | $16.09B | |
| 1.22 | $16.50B |
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