301008.SZ
Price:
$33.5
Market Cap:
$4.35B
Zhejiang Hongchang Electrical Technology Co., Ltd. engages in the research, production, and sale of fluid solenoid valves, water level sensors, and modular components in China. The company also offers valves for washing machines, dishwashers, smart toilets, and water purifiers; machine water level sensor; door lock for washing machine; high and low pressure switch for water purifiers; and dispenser and auto dosing. The company was founded in 1996 and is based in Jinhua, China.
Industry
Hardware, Equipment & Parts
IPO Date
2021-06-11
Stock Exchange
SHZ
Ticker
301008.SZ
According to Zhejiang Hongchang Electrical Technology Co., Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 2.39. This represents a change of -6.23% compared to the average of 2.55 of the last 4 quarters.
The mean historical Current Ratio of Zhejiang Hongchang Electrical Technology Co., Ltd. over the last ten years is 2.05. The current 2.39 Current Ratio has changed 11.54% with respect to the historical average. Over the past ten years (40 quarters), 301008.SZ's Current Ratio was at its highest in in the September 2023 quarter at 3.35. The Current Ratio was at its lowest in in the September 2019 quarter at 0.
Average
2.05
Median
2.09
Minimum
1.10
Maximum
2.96
Discovering the peaks and valleys of Zhejiang Hongchang Electrical Technology 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 = 66.59%
Maximum Annual Current Ratio = 2.96
Minimum Annual Increase = -9.48%
Minimum Annual Current Ratio = 1.10
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 2.68 | -9.48% |
| 2023 | 2.96 | 16.13% |
| 2022 | 2.55 | -6.39% |
| 2021 | 2.73 | 66.59% |
| 2020 | 1.64 | 11.38% |
| 2019 | 1.47 | 12.30% |
| 2018 | 1.31 | 19.45% |
The current Current Ratio of Zhejiang Hongchang Electrical Technology Co., Ltd. (301008.SZ) is less than than its 3-year, less than than its 5-year, and greater than its 10-year historical averages
3-year avg
2.73
5-year avg
2.51
10-year avg
2.05
Zhejiang Hongchang Electrical Technology Co., Ltd.’s Current Ratio is greater than Hongli Zhihui Group Co.,Ltd. (1.23), less than Beken Corporation (5.34), less than Queclink Wireless Solutions Co., Ltd. (8.09), less than Sihui Fuji Electronics Technology Co., Ltd. (2.83), less than Jiangsu Yangdian Science & Technology Co. Ltd. (3.21), less than Ningbo Sunrise Elc Technology Co.,Ltd (2.74), greater than Vanjee Technology Co., Ltd. (1.93), greater than Shen Zhen Australis Electronic Technology Co.,Ltd. (2.03), greater than Kunshan GuoLi Electronic Technology Co., Ltd. (2.22), greater than Ji'an Mankun Technology Co., Ltd. (1.55),
| Company | Current Ratio | Market cap |
|---|---|---|
| 1.23 | $4.91B | |
| 5.34 | $5.50B | |
| 8.09 | $5.66B | |
| 2.83 | $5.07B | |
| 3.21 | $5.03B | |
| 2.74 | $6.17B | |
| 1.93 | $6.07B | |
| 2.03 | $7.28B | |
| 2.22 | $6.10B | |
| 1.55 | $4.81B |
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