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Mauritius Secondary Industries (XMAU:MSIL.I0000) Current Ratio : 3.74 (As of Mar. 2024)


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What is Mauritius Secondary Industries Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Mauritius Secondary Industries's current ratio for the quarter that ended in Mar. 2024 was 3.74.

Mauritius Secondary Industries has a current ratio of 3.74. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.

The historical rank and industry rank for Mauritius Secondary Industries's Current Ratio or its related term are showing as below:

XMAU:MSIL.I0000' s Current Ratio Range Over the Past 10 Years
Min: 1.06   Med: 2.35   Max: 4.14
Current: 3.74

During the past 4 years, Mauritius Secondary Industries's highest Current Ratio was 4.14. The lowest was 1.06. And the median was 2.35.

XMAU:MSIL.I0000's Current Ratio is ranked better than
81.69% of 1824 companies
in the Real Estate industry
Industry Median: 1.65 vs XMAU:MSIL.I0000: 3.74

Mauritius Secondary Industries Current Ratio Historical Data

The historical data trend for Mauritius Secondary Industries's Current Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mauritius Secondary Industries Current Ratio Chart

Mauritius Secondary Industries Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Current Ratio
1.98 1.06 1.67 2.35

Mauritius Secondary Industries Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.14 2.35 3.16 3.41 3.74

Competitive Comparison of Mauritius Secondary Industries's Current Ratio

For the Real Estate Services subindustry, Mauritius Secondary Industries's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mauritius Secondary Industries's Current Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mauritius Secondary Industries's Current Ratio distribution charts can be found below:

* The bar in red indicates where Mauritius Secondary Industries's Current Ratio falls into.



Mauritius Secondary Industries Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Mauritius Secondary Industries's Current Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Current Ratio (A: Jun. 2023 )=Total Current Assets (A: Jun. 2023 )/Total Current Liabilities (A: Jun. 2023 )
=8.94/3.807
=2.35

Mauritius Secondary Industries's Current Ratio for the quarter that ended in Mar. 2024 is calculated as

Current Ratio (Q: Mar. 2024 )=Total Current Assets (Q: Mar. 2024 )/Total Current Liabilities (Q: Mar. 2024 )
=12.666/3.386
=3.74

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Mauritius Secondary Industries  (XMAU:MSIL.I0000) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Mauritius Secondary Industries Current Ratio Related Terms

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Mauritius Secondary Industries Business Description

Traded in Other Exchanges
N/A
Address
C/O United Bus Service Ltd., Les Cassis, Port Louis, MUS
Mauritius Secondary Industries Ltd is engaged in the retreading of motor vehichle tyres and rental of commercial building. The Company is only engaged in property rental activity locally.

Mauritius Secondary Industries Headlines

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