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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. Magellan Health's current ratio for the quarter that ended in Sep. 2021 was 2.92.
Magellan Health has a current ratio of 2.92. It generally indicates good short-term financial strength.
The historical rank and industry rank for Magellan Health's Current Ratio or its related term are showing as below:
During the past 13 years, Magellan Health's highest Current Ratio was 3.20. The lowest was 0.19. And the median was 1.73.
The historical data trend for Magellan Health'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.
Magellan Health Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 1.21 | 1.66 | 1.72 | 1.84 | 2.92 |
Magellan Health Quarterly Data | ||||||||||||||||||||
Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | |
Current Ratio | Get a 7-Day Free Trial | 2.08 | 2.92 | 3.06 | 3.20 | 2.92 |
For the Healthcare Plans subindustry, Magellan Health'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.
For the Healthcare Plans industry and Healthcare sector, Magellan Health's Current Ratio distribution charts can be found below:
* The bar in red indicates where Magellan Health's Current Ratio falls into.
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.
Magellan Health's Current Ratio for the fiscal year that ended in Dec. 2020 is calculated as
Current Ratio (A: Dec. 2020 ) | = | Total Current Assets (A: Dec. 2020 ) | / | Total Current Liabilities (A: Dec. 2020 ) |
= | 2156.397 | / | 737.579 | |
= | 2.92 |
Magellan Health's Current Ratio for the quarter that ended in Sep. 2021 is calculated as
Current Ratio (Q: Sep. 2021 ) | = | Total Current Assets (Q: Sep. 2021 ) | / | Total Current Liabilities (Q: Sep. 2021 ) |
= | 2204.419 | / | 756.019 | |
= | 2.92 |
* 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.
Magellan Health (NAS:MGLN) 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.
Thank you for viewing the detailed overview of Magellan Health's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Mostafa Kamal | officer: CEO, Magellan Rx Management | 15950 NORTH 76TH STREET, #200 SCOTTSDALE AZ 85260 |
Jeffrey N West | officer: SVP & Controller | 6950 COLUMBIA GATEWAY DR STE 400 COLUMBIA MD 21046 |
David Bourdon | officer: Chief Financial Officer | 6303 COWBOYS WAY, SUITE 350, FRISCO TX 75034 |
Peter A Feld | director | 201 E LAS OLAS BOULEVARD, SUITE 1000, FORT LAUDERDALE FL 33301 |
Swati Bargotra Abbott | director | 4800 NORTH SCOTTSDALE ROAD, SUITE 4400, SCOTTSDALE AZ 85251 |
Steven J Shulman | director | 1564 NE EXPRESSWAY, ATTN: BJ PURCELL, ATLANTA GA 30329 |
Guy P Sansone | director | C/O MEDNAX, 1301 CONCORD TERRACE, SUNRISE FL 33323 |
Gregory Scott Mackenzie | director | NDC PLAZA ATLANTA GA 30329 |
Leslie V Norwalk | director | C/O 3661 VALLEY CENTRE DRIVE SUITE 200, SAN DIEGO CA 92130 |
Christopher J Chen | director | 4801 EAST WASHINGTON STREET PHOENIX AZ 85034 |
Mural R Josephson | director | |
James E Murray | officer: President and COO | 500 WEST MAIN STREET, LOUISVILLE KY 40202 |
Clapper Caskie Lewis | officer: Chief Human Resources Officer | 55 NOD ROAD AVON CT 06001 |
Kenneth J Fasola | director, officer: Chief Executive Officer | 500 WEST MAIN STREET, LOUISVILLE KY 40202 |
Jonathan N Rubin | officer: Chief Financial Officer | 55 NOD ROAD AVON CT 06001 |
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