Zhejiang Xinao Textiles Inc.

Zhejiang Xinao Textiles Inc.verified

603889.SS

Price:

$7.54

Market Cap:

$5.51B

Zhejiang Xinao Textiles Inc. researches and develops, produces, and sells wool spinning yarn and intermediate products of wool tops in China. Its products are primarily used in the downstream apparel brands. The company was formerly known as Zhejiang Xinao textiles Group Company LTD. and changed its name to Zhejiang Xinao Textiles Inc. in December 2007. Zhejiang Xinao Textiles Inc. was founded in 1991 and is based in Tongxiang, China.

Industry

Apparel - Manufacturers

IPO Date

2014-12-31

Stock Exchange

SHH

Ticker

603889.SS

The Current Ratio as of December 2025 (TTM) for Zhejiang Xinao Textiles Inc. (603889.SS) is 2.03

According to Zhejiang Xinao Textiles Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.03. This represents a change of 2.58% compared to the average of 1.98 of the last 4 quarters.

Zhejiang Xinao Textiles Inc. (603889.SS) Historical Current Ratio (quarterly & annually)

How has 603889.SS Current Ratio performed in the past?

The mean historical Current Ratio of Zhejiang Xinao Textiles Inc. over the last ten years is 2.55. The current 2.03 Current Ratio has changed 7.89% with respect to the historical average. Over the past ten years (40 quarters), 603889.SS's Current Ratio was at its highest in in the September 2017 quarter at 5.07. The Current Ratio was at its lowest in in the March 2017 quarter at 1.50.

Quarterly (TTM)
Annual

Average

2.55

Median

2.44

Minimum

1.81

Maximum

4.01

Zhejiang Xinao Textiles Inc. (603889.SS) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Zhejiang Xinao Textiles Inc. 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 = 100.31%

Maximum Annual Current Ratio = 4.01

Minimum Annual Increase = -27.95%

Minimum Annual Current Ratio = 1.81

Quarterly (TTM)
Annual
YearCurrent RatioChange
20242.1317.71%
20231.81-20.97%
20222.292.06%
20212.24-21.33%
20202.859.37%
20192.60-9.80%
20182.89-27.95%
20174.01100.31%
20162.00-24.67%
20152.6543.08%

Zhejiang Xinao Textiles Inc. (603889.SS) Average Current Ratio

How has 603889.SS Current Ratio performed in the past?

The current Current Ratio of Zhejiang Xinao Textiles Inc. (603889.SS) 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

2.07

5-year avg

2.26

10-year avg

2.55

Zhejiang Xinao Textiles Inc. (603889.SS) Current Ratio vs. Peers

How is 603889.SS’s Current Ratio compared to its peers?

Zhejiang Xinao Textiles Inc.’s Current Ratio is greater than Fujian Septwolves Industry Co., Ltd. (1.98), greater than Baoxiniao Holding Co., Ltd. (1.93), less than Lu Thai Textile Co., Ltd. (4.09), less than Joeone Co., Ltd. (2.21), less than Shanghai Shuixing Home Textile Co., Ltd. (4.21), less than Shenzhen Fuanna Bedding and Furnishing Co.,Ltd (2.43), greater than Sunvim Group Co.,Ltd (1.19), greater than Shanghai Metersbonwe Fashion and Accessories Co., Ltd. (0.48), less than Dazzle Fashion Co., Ltd (6.05), greater than Ribo Fashion Group Co., Ltd. (2.00),

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