China Automotive Systems Stock Current Ratio

CAAS Stock

USD 3.91 0.01 0.26%

China Automotive Systems fundamentals help investors to digest information that contributes to China Automotive's financial success or failures. It also enables traders to predict the movement of China Stock. The fundamental analysis module provides a way to measure China Automotive's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to China Automotive stock.

		Last Reported	Projected for Next Year
	Current Ratio	1.47	1.14

Current Ratio is likely to drop to 1.14 in 2024.

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China Automotive Systems Company Current Ratio Analysis

China Automotive's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Current Ratio

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis

Current China Automotive Current Ratio

1.46 X

Most of China Automotive's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, China Automotive Systems is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

China Current Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for China Automotive is extremely important. It helps to project a fair market value of China Stock properly, considering its historical fundamentals such as Current Ratio. Since China Automotive's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of China Automotive's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of China Automotive's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Total Current Assets	Common Stock	Total Liab	Accounts Payable	Current Deferred Revenue	Net Receivables	Short Term Investments	Short Term Debt	Intangible Assets	Property Plant Equipment	Net Tangible Assets	Long Term Debt	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Treasury Stock	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.98	0.07	0.79	0.97	0.88	0.99	0.8	-0.03	0.8	0.17	0.66	0.23	0.88	0.77	-0.75	-0.75	0.76	0.38	0.66	-0.63	0.55	-0.26	-0.15	0.03
Total Stockholder Equity	0.98		0.13	0.8	0.96	0.83	0.96	0.8	0.0	0.8	0.15	0.7	0.29	0.83	0.84	-0.77	-0.77	0.8	0.34	0.68	-0.62	0.51	-0.25	-0.13	0.06
Net Debt	0.07	0.13		0.12	0.16	0.1	0.04	0.06	-0.22	0.45	0.5	0.57	0.77	-0.05	0.23	-0.36	-0.36	0.31	-0.45	-0.05	0.19	0.02	0.26	0.31	-0.09
Retained Earnings	0.79	0.8	0.12		0.74	0.63	0.78	0.69	0.3	0.6	-0.02	0.59	0.11	0.73	0.9	-0.7	-0.73	0.84	0.64	0.81	-0.8	0.66	-0.04	0.05	-0.51
Total Current Assets	0.97	0.96	0.16	0.74		0.91	0.96	0.75	-0.07	0.9	0.36	0.71	0.38	0.76	0.72	-0.78	-0.77	0.73	0.22	0.54	-0.48	0.43	-0.13	-0.02	0.04
Common Stock	0.88	0.83	0.1	0.63	0.91		0.85	0.61	-0.36	0.86	0.43	0.55	0.37	0.71	0.48	-0.7	-0.69	0.5	0.11	0.31	-0.34	0.26	-0.21	-0.18	0.1
Total Liab	0.99	0.96	0.04	0.78	0.96	0.85		0.81	-0.04	0.77	0.15	0.63	0.2	0.9	0.76	-0.73	-0.73	0.74	0.4	0.67	-0.65	0.6	-0.27	-0.18	0.04
Accounts Payable	0.8	0.8	0.06	0.69	0.75	0.61	0.81		-0.01	0.61	0.08	0.48	0.2	0.74	0.75	-0.85	-0.85	0.77	0.43	0.62	-0.65	0.62	-0.24	-0.31	0.0
Current Deferred Revenue	-0.03	0.0	-0.22	0.3	-0.07	-0.36	-0.04	-0.01		-0.28	-0.45	0.11	-0.38	-0.04	0.34	0.06	0.04	0.27	0.54	0.55	-0.42	0.3	0.35	0.45	-0.57
Net Receivables	0.8	0.8	0.45	0.6	0.9	0.86	0.77	0.61	-0.28		0.68	0.66	0.64	0.53	0.55	-0.72	-0.72	0.64	-0.12	0.29	-0.16	0.31	0.12	0.08	0.05
Short Term Investments	0.17	0.15	0.5	-0.02	0.36	0.43	0.15	0.08	-0.45	0.68		0.31	0.77	-0.17	-0.08	-0.32	-0.31	0.06	-0.66	-0.38	0.48	-0.16	0.45	0.28	0.13
Short Term Debt	0.66	0.7	0.57	0.59	0.71	0.55	0.63	0.48	0.11	0.66	0.31		0.61	0.43	0.67	-0.78	-0.77	0.65	0.03	0.48	-0.38	0.3	-0.02	0.27	-0.05
Intangible Assets	0.23	0.29	0.77	0.11	0.38	0.37	0.2	0.2	-0.38	0.64	0.77	0.61		-0.05	0.2	-0.51	-0.5	0.25	-0.64	-0.11	0.27	-0.09	0.29	0.19	0.14
Property Plant Equipment	0.88	0.83	-0.05	0.73	0.76	0.71	0.9	0.74	-0.04	0.53	-0.17	0.43	-0.05		0.7	-0.56	-0.57	0.64	0.58	0.72	-0.77	0.68	-0.44	-0.42	-0.01
Net Tangible Assets	0.77	0.84	0.23	0.9	0.72	0.48	0.76	0.75	0.34	0.55	-0.08	0.67	0.2	0.7		-0.71	-0.73	0.93	0.55	0.85	-0.77	0.65	-0.12	0.01	-0.31
Long Term Debt	-0.75	-0.77	-0.36	-0.7	-0.78	-0.7	-0.73	-0.85	0.06	-0.72	-0.32	-0.78	-0.51	-0.56	-0.71		1.0	-0.74	-0.22	-0.47	0.5	-0.38	0.12	0.05	0.1
Long Term Debt Total	-0.75	-0.77	-0.36	-0.73	-0.77	-0.69	-0.73	-0.85	0.04	-0.72	-0.31	-0.77	-0.5	-0.57	-0.73	1.0		-0.75	-0.25	-0.49	0.53	-0.41	0.1	0.04	0.15
Capital Surpluse	0.76	0.8	0.31	0.84	0.73	0.5	0.74	0.77	0.27	0.64	0.06	0.65	0.25	0.64	0.93	-0.74	-0.75		0.47	0.75	-0.66	0.59	-0.08	0.0	-0.27
Deferred Long Term Liab	0.38	0.34	-0.45	0.64	0.22	0.11	0.4	0.43	0.54	-0.12	-0.66	0.03	-0.64	0.58	0.55	-0.22	-0.25	0.47		0.7	-0.84	0.54	-0.32	-0.2	-0.49
Long Term Investments	0.66	0.68	-0.05	0.81	0.54	0.31	0.67	0.62	0.55	0.29	-0.38	0.48	-0.11	0.72	0.85	-0.47	-0.49	0.75	0.7		-0.87	0.81	-0.06	-0.06	-0.32
Treasury Stock	-0.63	-0.62	0.19	-0.8	-0.48	-0.34	-0.65	-0.65	-0.42	-0.16	0.48	-0.38	0.27	-0.77	-0.77	0.5	0.53	-0.66	-0.84	-0.87		-0.69	0.38	0.28	0.34
Short Long Term Debt	0.55	0.51	0.02	0.66	0.43	0.26	0.6	0.62	0.3	0.31	-0.16	0.3	-0.09	0.68	0.65	-0.38	-0.41	0.59	0.54	0.81	-0.69		0.06	-0.08	-0.26
Net Invested Capital	-0.26	-0.25	0.26	-0.04	-0.13	-0.21	-0.27	-0.24	0.35	0.12	0.45	-0.02	0.29	-0.44	-0.12	0.12	0.1	-0.08	-0.32	-0.06	0.38	0.06		0.65	-0.45
Net Working Capital	-0.15	-0.13	0.31	0.05	-0.02	-0.18	-0.18	-0.31	0.45	0.08	0.28	0.27	0.19	-0.42	0.01	0.05	0.04	0.0	-0.2	-0.06	0.28	-0.08	0.65		-0.44
Capital Stock	0.03	0.06	-0.09	-0.51	0.04	0.1	0.04	0.0	-0.57	0.05	0.13	-0.05	0.14	-0.01	-0.31	0.1	0.15	-0.27	-0.49	-0.32	0.34	-0.26	-0.45	-0.44

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China Current Ratio Historical Pattern

Today, most investors in China Automotive Stock are looking for potential investment opportunities by analyzing not only static indicators but also various China Automotive's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of China Automotive current ratio as a starting point in their analysis.

China Automotive Current Ratio

Timeline

Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).

Competition

Predict China Automotive

Current Ratio Over Time

In accordance with the recently published financial statements, China Automotive Systems has a Current Ratio of 1.46 times. This is 35.68% lower than that of the Automobile Components sector and 17.51% lower than that of the Consumer Discretionary industry. The current ratio for all United States stocks is 32.41% higher than that of the company.

China Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses China Automotive's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of China Automotive could also be used in its relative valuation, which is a method of valuing China Automotive by comparing valuation metrics of similar companies.

China Automotive is currently under evaluation in current ratio category among its peers.

China Automotive Current Valuation Drivers

We derive many important indicators used in calculating different scores of China Automotive from analyzing China Automotive's financial statements. These drivers represent accounts that assess China Automotive's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of China Automotive's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	99.1M	193.9M	82.7M	177.7M	97.5M	92.6M
Enterprise Value	146.5M	141.2M	80.7M	103.2M	125.3M	214.9M

China Automotive ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, China Automotive's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to China Automotive's managers, analysts, and investors.

Environmental

Governance

Social

China Fundamentals

	Return On Equity	0.11
	Return On Asset	0.0376
	Profit Margin	0.06 %
	Operating Margin	0.07 %
	Current Valuation	172.4 M
	Shares Outstanding	30.19 M
	Shares Owned By Insiders	64.73 %
	Shares Owned By Institutions	4.34 %
	Number Of Shares Shorted	7.92 K
	Price To Earning	9.63 X
	Price To Book	0.34 X
	Price To Sales	0.20 X
	Revenue	576.35 M
	Gross Profit	82.21 M
	EBITDA	68.18 M
	Net Income	37.66 M
	Cash And Equivalents	100.71 M
	Cash Per Share	3.31 X
	Total Debt	142.51 M
	Debt To Equity	0.14 %
	Current Ratio	1.46 X
	Book Value Per Share	11.41 X
	Cash Flow From Operations	19.91 M
	Short Ratio	0.11 X
	Earnings Per Share	1.05 X
	Price To Earnings To Growth	0.61 X
	Target Price	7.5
	Number Of Employees	4.2 K
	Beta	2.45
	Market Capitalization	135.53 M
	Total Asset	766.44 M
	Retained Earnings	284.83 M
	Working Capital	180.34 M
	Current Asset	476.06 M
	Current Liabilities	298.21 M
	Annual Yield	0.16 %
	Net Asset	766.44 M

About China Automotive Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze China Automotive Systems's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of China Automotive using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of China Automotive Systems based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for China Stock Analysis

When running China Automotive's price analysis, check to measure China Automotive's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy China Automotive is operating at the current time. Most of China Automotive's value examination focuses on studying past and present price action to predict the probability of China Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Automotive's price. Additionally, you may evaluate how the addition of China Automotive to your portfolios can decrease your overall portfolio volatility.

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