301137.SZ
Price:
$44.18
Market Cap:
$5.30B
HIT Welding Industry Co.,Ltd develops, manufactures, and sells welding materials, welding accessories, and automatic welding equipment in China. The company offers gas shielding and submerged Arc welding wires; mobile rail flash wending machines; trackless autonomous crawling Arc welding robot machines; quantong stainless steel and aluminum welding wires; and Arc light electric welding electrodes. It also provides flux-cored wires, low alloy steel welding wires, electroless copper plating welding wires, welding strips, carbon steel welding wires, and welding fittings, as well as aluminum alloy and nickel-based welding wire. The company products are used in ships, rail vehicles, automobiles, ...[Read more]
Industry
Industrial - Machinery
IPO Date
2022-03-22
Stock Exchange
SHZ
Ticker
301137.SZ
According to HIT Welding Industry Co.,Ltd’s latest financial reports and current stock price. The company's current Current Ratio is 1.98. This represents a change of -4.47% compared to the average of 2.07 of the last 4 quarters.
The mean historical Current Ratio of HIT Welding Industry Co.,Ltd over the last ten years is 1.68. The current 1.98 Current Ratio has changed 11.73% with respect to the historical average. Over the past ten years (40 quarters), 301137.SZ's Current Ratio was at its highest in in the March 2023 quarter at 2.21. The Current Ratio was at its lowest in in the March 2021 quarter at 0.
Average
1.68
Median
1.69
Minimum
1.20
Maximum
2.06
Discovering the peaks and valleys of HIT Welding Industry 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 = 67.18%
Maximum Annual Current Ratio = 2.06
Minimum Annual Increase = -20.08%
Minimum Annual Current Ratio = 1.20
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 2.00 | -1.34% |
| 2023 | 2.03 | -1.78% |
| 2022 | 2.06 | 67.18% |
| 2021 | 1.23 | 3.10% |
| 2020 | 1.20 | -20.08% |
| 2019 | 1.50 | -13.21% |
| 2018 | 1.73 | 4.46% |
The current Current Ratio of HIT Welding Industry Co.,Ltd (301137.SZ) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
2.03
5-year avg
1.70
10-year avg
1.68
HIT Welding Industry Co.,Ltd’s Current Ratio is less than Atlantic China Welding Consumables, Inc. (3.32), greater than Hangzhou Youngsun Intelligent Equipment Co., Ltd. (1.41), less than Zhongnanhong Culture Group Co. Ltd. Class A (4.46), less than Power HF Co., Ltd. (3.67), greater than Guangzhou Baiyun Electric Equipment Co., Ltd. (1.20), greater than JDM JingDaMachine(Ningbo)Co.Ltd (1.72), greater than Beijing SOJO Electric Co., Ltd. (1.18), greater than Damon Technology Group Co.,Ltd. (1.76), less than Guangdong Lingxiao Pump Industry Co.,Ltd. (13.42), greater than Jiangsu Yawei Machine Tool Co., Ltd. (1.18),
| Company | Current Ratio | Market cap |
|---|---|---|
| 3.32 | $5.16B | |
| 1.41 | $6.76B | |
| 4.46 | $6.06B | |
| 3.67 | $7.65B | |
| 1.20 | $5.72B | |
| 1.72 | $5.04B | |
| 1.18 | $7.70B | |
| 1.76 | $5.90B | |
| 13.42 | $6.33B | |
| 1.18 | $5.72B |
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