600885.SS
Price:
$30.12
Market Cap:
$43.97B
Hongfa Technology Co., Ltd. manufactures and supplies relays, medium and low voltage electrical appliances, high and low voltage complete equipment, connectors, capacitors, precision parts, and automation equipment worldwide. It offers a range of relays, including signal relays, automotive relays and modules, power relays, industrial relays, latching relays, new energy relays, etc. The company also provides low-voltage devices, such as intelligent circuit breakers, contactors, motor protectors, automatic transfer switching breakers, etc. Hongfa Technology Co., Ltd. was formerly known as WuHan LiNuo Solar Energy Group Co., Ltd. and changed its name to Hongfa Technology Co., Ltd. in December 2...[Read more]
Industry
Electrical Equipment & Parts
IPO Date
1996-02-05
Stock Exchange
SHH
Ticker
600885.SS
According to Hongfa Technology Co., Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 2.83. This represents a change of 4.92% compared to the average of 2.70 of the last 4 quarters.
The mean historical Current Ratio of Hongfa Technology Co., Ltd. over the last ten years is 2.37. The current 2.83 Current Ratio has changed 11.83% with respect to the historical average. Over the past ten years (40 quarters), 600885.SS's Current Ratio was at its highest in in the March 2023 quarter at 3.45. The Current Ratio was at its lowest in in the September 2019 quarter at 1.66.
Average
2.37
Median
2.37
Minimum
1.76
Maximum
3.11
Discovering the peaks and valleys of Hongfa 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 = 45.51%
Maximum Annual Current Ratio = 3.11
Minimum Annual Increase = -16.17%
Minimum Annual Current Ratio = 1.76
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 2.72 | 1.80% |
| 2023 | 2.67 | -13.89% |
| 2022 | 3.11 | 2.12% |
| 2021 | 3.04 | 18.91% |
| 2020 | 2.56 | 45.51% |
| 2019 | 1.76 | -3.76% |
| 2018 | 1.83 | -5.64% |
| 2017 | 1.94 | 0.60% |
| 2016 | 1.92 | -11.98% |
| 2015 | 2.19 | -16.17% |
The current Current Ratio of Hongfa Technology Co., Ltd. (600885.SS) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
2.83
5-year avg
2.82
10-year avg
2.37
Hongfa Technology Co., Ltd.’s Current Ratio is greater than China XD Electric Co., Ltd (1.64), greater than Ningbo Orient Wires & Cables Co.,Ltd. (1.86), greater than Zhejiang Supcon Technology Co., Ltd. (1.83), greater than State Grid Yingda Co.,Ltd. (1.97), greater than XTC New Energy Materials(Xiamen) Co.,Ltd. (1.51), greater than China Shipbuilding Industry Group Power Co., Ltd. (1.69), greater than Shandong Hi-speed Company Limited (0.69), greater than ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. (1.51), greater than China Nuclear Engineering Corporation Limited (1.14), greater than Jiangsu Zhongtian Technology Co., Ltd. (2.05),
| Company | Current Ratio | Market cap |
|---|---|---|
| 1.64 | $46.85B | |
| 1.86 | $40.59B | |
| 1.83 | $37.49B | |
| 1.97 | $33.62B | |
| 1.51 | $35.78B | |
| 1.69 | $45.75B | |
| 0.69 | $45.30B | |
| 1.51 | $32.21B | |
| 1.14 | $38.31B | |
| 2.05 | $62.35B |
One of the best ways to find valuable stocks to invest in is to build a custom made screener in your Excel or Google Sheets spreadsheet. This allows you to compare thousands of companies like Hongfa Technology Co., Ltd. using the financials and key metrics that matter to you in a single view.
The easiest way to set this up is to use the Wisesheets add-on and set your spreadsheet like this:
Covering all these metrics from financial, data, dividend data, key metrics and more you can get all the data you want for over 50+ exchanges worldwide.
Get your free trial here.
The easiest way to analyze a company like Hongfa Technology Co., Ltd. or any others is to create a spreadsheet model that automatically retrieves all of the stock data you need.
Using Wisesheets you can set up a spreadsheet model like this with simple spreadsheet formulas. If you change the ticker you can get all of the data automatically updated for you.
Whether you need live data, historical price data, financials, dividend data, key metrics, analyst estimates, or anything else...Wisesheets has you covered.
What is the Current Ratio?
How can you use the Current Ratio?
What is Hongfa Technology Co., Ltd.'s Current Ratio?
How is the Current Ratio calculated for Hongfa Technology Co., Ltd. (600885.SS)?
What is the highest Current Ratio for Hongfa Technology Co., Ltd. (600885.SS)?
What is the 3-year average Current Ratio for Hongfa Technology Co., Ltd. (600885.SS)?
What is the 5-year average Current Ratio for Hongfa Technology Co., Ltd. (600885.SS)?
How does the current Current Ratio for Hongfa Technology Co., Ltd. (600885.SS) compare to its historical average?