Shandong Fiberglass Group Co Ltd Asset Resilience Ratio
Shandong Fiberglass Group Co Ltd asset resilience ratio. Shandong Fiberglass Group Co Ltd (605006) has an Asset Resilience Ratio of 0.81% as of June 2024. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing. Read 605006 total debt and obligations for a breakdown of total debt and financial obligations.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio of Shandong Fiberglass Group Co Ltd (2018–2023)
Asset resilience ratio of Shandong Fiberglass Group Co Ltd from 2018 to 2023. This chart shows how Shandong Fiberglass Group Co Ltd's Asset Resilience Ratio has changed over time. See Shandong Fiberglass Group Co Ltd free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
Liquid Assets Composition Over Time
This chart breaks down Shandong Fiberglass Group Co Ltd's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. For the complete balance sheet picture, see balance sheet size of Shandong Fiberglass Group Co Ltd.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 0% |
| Short-term Investments | CN¥50.43 Million | 0.81% |
| Total Liquid Assets | CN¥50.43 Million | 0.81% |
Asset Resilience Insights
- Limited Liquidity: Shandong Fiberglass Group Co Ltd maintains only 0.81% of assets in liquid form.
- This low level may indicate efficient asset utilization but could pose risks during economic downturns.
- The company has significant short-term investments, indicating active treasury management.
Shandong Fiberglass Group Co Ltd Industry Peers by Asset Resilience Ratio
Compare Shandong Fiberglass Group Co Ltd's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
HMT(Xiamen)New Technical
SHG:603306 |
Textile Manufacturing | 0.07% |
|
Huafu Top Dyed Melange Yarn Co Ltd
SHE:002042 |
Textile Manufacturing | 4.53% |
|
Jiangsu Jujie Microfiber Technology
SHE:300819 |
Textile Manufacturing | 6.73% |
|
Hongda High-Tech Holding Co Ltd
SHE:002144 |
Textile Manufacturing | 6.71% |
|
Indo Rama Synthetics (India) Limited
NSE:INDORAMA |
Textile Manufacturing | 20.34% |
|
Indo Kordsa Tbk
JK:BRAM |
Textile Manufacturing | -12.36% |
|
Nahar Industrial Enterprises Limited
NSE:NAHARINDUS |
Textile Manufacturing | 1.32% |
|
Aarvee Denims & Exports Limited
NSE:AARVEEDEN |
Textile Manufacturing | 3.22% |
Shandong Fiberglass Group Co Ltd Asset Resilience Ratio by Year (2018–2023)
Shandong Fiberglass Group Co Ltd asset resilience ratio by year from 2018 to 2023. The table below shows the annual Asset Resilience Ratio data for Shandong Fiberglass Group Co Ltd.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2023-12-31 | 2.72% | CN¥180.60 Million ≈ $26.43 Million |
CN¥6.65 Billion ≈ $972.70 Million |
+2.55pp |
| 2018-12-31 | 0.17% | CN¥6.33 Million ≈ $925.78K |
CN¥3.78 Billion ≈ $552.72 Million |
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About Shandong Fiberglass Group Co Ltd
Shandong Fiberglass Group Co., Ltd engages in the research and development, production, and sale of glass fiber and related products in China and internationally. The company operates in two segments, Glass Fiber Business and Thermoelectric Business. It provides fiberglass direct roving, fiberglass yarn, fiberglass roving, wet-laid tissue, strands, direct roving, fiberglass wet-laid mat, fibergla… Read more