Mingxin New Material Co.,Ltd.

Mingxin New Material Co.,Ltd.verified

605068.SS

Price:

$28.08

Market Cap:

$4.55B

Mingxin New Material Co., Ltd. engages in the research, development, production, and sale of automotive leather. It offers automotive interior leather used in automotive interior parts such as car seats, armrests, headrests, steering wheels, instrument panels, and door panels. The company was founded on December 7, 2005 and is headquartered in Jiaxing, China.

Industry

Auto - Parts

IPO Date

2020-11-23

Stock Exchange

SHH

Ticker

605068.SS

The Current Ratio as of December 2025 (TTM) for Mingxin New Material Co.,Ltd. (605068.SS) is 1.71

According to Mingxin New Material Co.,Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 1.71. This represents a change of -8.60% compared to the average of 1.87 of the last 4 quarters.

Mingxin New Material Co.,Ltd. (605068.SS) Historical Current Ratio (quarterly & annually)

How has 605068.SS Current Ratio performed in the past?

The mean historical Current Ratio of Mingxin New Material Co.,Ltd. over the last ten years is 2.69. The current 1.71 Current Ratio has changed 6.26% with respect to the historical average. Over the past ten years (40 quarters), 605068.SS's Current Ratio was at its highest in in the March 2021 quarter at 5.38. The Current Ratio was at its lowest in in the September 2019 quarter at 0.

Quarterly (TTM)
Annual

Average

2.69

Median

2.62

Minimum

1.35

Maximum

5.21

Mingxin New Material Co.,Ltd. (605068.SS) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Mingxin New Material 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 = 98.59%

Maximum Annual Current Ratio = 5.21

Minimum Annual Increase = -46.70%

Minimum Annual Current Ratio = 1.35

Quarterly (TTM)
Annual
YearCurrent RatioChange
20241.96-38.55%
20233.19-15.32%
20223.7735.91%
20212.78-46.70%
20205.2198.59%
20192.6238.50%
20181.8928.87%
20171.479.12%

Mingxin New Material Co.,Ltd. (605068.SS) Average Current Ratio

How has 605068.SS Current Ratio performed in the past?

The current Current Ratio of Mingxin New Material Co.,Ltd. (605068.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

2.98

5-year avg

3.38

10-year avg

2.69

Mingxin New Material Co.,Ltd. (605068.SS) Current Ratio vs. Peers

How is 605068.SS’s Current Ratio compared to its peers?

Mingxin New Material Co.,Ltd.’s Current Ratio is greater than Zhejiang Tiancheng Controls Co., Ltd. (0.85), less than Suzhou Jin Hong Shun Auto Parts Co., Ltd. (3.63), less than Jiangxi Huawu Brake Co.,Ltd. (2.18), less than Anhui Quanchai Engine Co., Ltd. (1.81), less than Zhejiang Yueling Co., Ltd. (2.33), less than Jiangyin Pivot Automotive Products Co., Ltd. (7.65), less than Ningbo Gaofa Automotive Control System Co., Ltd. (2.99), less than Xuelong Group Co.,Ltd (11.36), greater than Zhejiang Tieliu Clutch Co., Ltd. (1.62), less than Nantong Chaoda Equipment Co.,Ltd. (4.63),

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