In recent years, the research and development of new energy vehicles has led to a low transaction rate.

Because of the development of BYD's new energy vehicles, it needs continuous technological innovation and increased investment in research and development. A large amount of R&D investment leads to high short-term debt risk, so the liquidity ratio is low.

The current ratio is used to measure the ability of an enterprise to convert its current assets into cash to repay its liabilities before the short-term debt expires.