Tsingtao Brewery Company Limited

Tsingtao Brewery Company Limitedverified

TSGTF

Price:

$5.5

Market Cap:

$64.31B

Tsingtao Brewery Company Limited, together with its subsidiaries, engages in the production, distribution, wholesale, and retail sale of beer products worldwide. It operates through seven segments: Shandong Region; South China Region; North China Region; East China Region; Southeast China Region; Hong Kong, Macau and Other Overseas Region; and Finance Company. The company sells its beer products primarily under the Tsingtaoand and Laoshan brand names. It also provides wealth management, and agency collection and payment services; and financing, construction, and logistics services, as well as technology promotion and application services. The company was founded in 1903 and is headquartered ...[Read more]

Industry

Beverages - Alcoholic

IPO Date

1999-05-24

Stock Exchange

PNK

Ticker

TSGTF

The Current Ratio as of September 2024 (TTM) for Tsingtao Brewery Company Limited (TSGTF) is 1.63

According to Tsingtao Brewery Company Limited’s latest financial reports and current stock price. The company's current Current Ratio is 1.63. This represents a change of -7.13% compared to the average of 1.76 of the last 4 quarters.

Tsingtao Brewery Company Limited (TSGTF) Historical Current Ratio (quarterly & annually)

How has TSGTF Current Ratio performed in the past?

The mean historical Current Ratio of Tsingtao Brewery Company Limited over the last ten years is 1.45. The current 1.63 Current Ratio has changed 11.15% with respect to the historical average. Over the past ten years (40 quarters), TSGTF's Current Ratio was at its highest in in the March 2024 quarter at 1.83. The Current Ratio was at its lowest in in the December 2014 quarter at 1.12.

Quarterly (TTM)
Annual

Average

1.45

Median

1.52

Minimum

1.12

Maximum

1.75

Tsingtao Brewery Company Limited (TSGTF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Tsingtao Brewery Company Limited 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 = 9.82%

Maximum Annual Current Ratio = 1.75

Minimum Annual Increase = -0.12%

Minimum Annual Current Ratio = 1.12

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.757.59%
20221.632.57%
20211.59-0.12%
20201.590.96%
20191.577.03%
20181.479.13%
20171.359.82%
20161.230.59%
20151.228.65%
20141.121.57%

Tsingtao Brewery Company Limited (TSGTF) Average Current Ratio

How has TSGTF Current Ratio performed in the past?

The current Current Ratio of Tsingtao Brewery Company Limited (TSGTF) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.65

5-year avg

1.62

10-year avg

1.45

Tsingtao Brewery Company Limited (TSGTF) Current Ratio vs. Peers

How is TSGTF’s Current Ratio compared to its peers?

Tsingtao Brewery Company Limited’s Current Ratio is greater than Heineken N.V. (0.78), greater than Anheuser-Busch InBev SA/NV (0.69), less than Tsingtao Brewery Company Limited (1.63), greater than Carlsberg A/S (0.59), greater than Heineken Holding N.V. (0.78), less than Fomento Económico Mexicano, S.A.B. de C.V. (1.72), greater than Ambev S.A. (1.11), less than The Boston Beer Company, Inc. (1.95), greater than Kirin Holdings Company, Limited (1.42), greater than Heineken N.V. (0.78), greater than Molson Coors Beverage Company (0.95), less than Compañía Cervecerías Unidas S.A. (2.29), greater than Budweiser Brewing Company APAC Limited (0.92), greater than Budweiser Brewing Company APAC Limited (0.92), greater than Molson Coors Beverage Company (0.95), greater than Anheuser-Busch InBev SA/NV (0.69),

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