MIAX (Miami International Holdings) Cash Ratio: 1.57 (As of Mar. 2026) — 324% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MIAX Miami International Holdings Inc MIAX
40 GF Score
Price $44.23
! 2 Warning Signs
View Full Analysis

What is Miami International Holdings Cash Ratio?

Miami International Holdings MIAX -2.71% 40 Cash Ratio is 1.57 as of Mar. 2026, which is 324% above its 10-year median of 0.37. GuruFocus rates MIAX with a GF Score™ of 40/100. The stock has 2 warning signs investors should review. Among 686 Capital Markets companies, Miami International Holdings ranks better than 61.95% on this metric.

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Miami International Holdings's Cash Ratio for the quarter that ended in Mar. 2026 was 1.57.

Miami International Holdings has a Cash Ratio of 1.57. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.

The historical rank and industry rank for Miami International Holdings's Cash Ratio or its related term are showing as below:

MIAX' s Cash Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.37   Max: 1.57
Current: 1.57

During the past 6 years, Miami International Holdings's highest Cash Ratio was 1.57. The lowest was 0.12. And the median was 0.37.

MIAX's Cash Ratio is ranked better than
61.95% of 686 companies
in the Capital Markets industry
Industry Median: 0.92 vs MIAX: 1.57

Miami International Holdings  (NYSE:MIAX) Cash Ratio Explanation

The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.

The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.

In general, the higher the cash ratio, the better the company's liquidity position.


Miami International Holdings Cash Ratio Related Terms


Miami International Holdings Cash Ratio Historical Data

* Premium members only.

The historical data trend for Miami International Holdings's Cash 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.

Miami International Holdings Cash Ratio Chart

Miami International Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cash Ratio
Get a 7-Day Free Trial 0.87 0.32 0.13 0.37 1.29

Miami International Holdings Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cash 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.38 0.56 1.15 1.29 1.57

MIAX vs MKTX, GLXY, LAZ: Cash Ratio Comparison

For the Capital Markets subindustry, Miami International Holdings's Cash Ratio, along with its competitors' market caps and Cash 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.


Miami International Holdings Cash Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Miami International Holdings's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Miami International Holdings's Cash Ratio falls into.


MIAX
40GF Score
Miami International Holdings Inc MIAX
Cash Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Miami International Holdings Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Miami International Holdings's Cash Ratio for the fiscal year that ended in Dec. 2025 is calculated as:

Cash Ratio (A: Dec. 2025 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=433.648/337.26
=1.29

Miami International Holdings's Cash Ratio for the quarter that ended in Mar. 2026 is calculated as:

Cash Ratio (Q: Mar. 2026 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=550.786/350.898
=1.57

* 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.

Frequently Asked Questions Learn more about Cash Ratio →
What does a Cash Ratio of 1.57 mean?
Miami International Holdings (MIAX) has a Cash Ratio of 1.57 as of Mar. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Miami International Holdings and its competitors. This is 324% above median its historical median of 0.37. Over the past decade, Miami International Holdings' Cash Ratio has ranged from 0.12 to 1.57. According to the industry distribution chart, Miami International Holdings ranks #261 out of 686 companies in the Capital Markets industry, placing it in the top 38%.
Is Miami International Holdings' Cash Ratio too high?
Miami International Holdings' current Cash Ratio of 1.57 is 324% above median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 1.57. The Capital Markets industry median Cash Ratio is 0.92. Miami International Holdings' value of 1.57 is 70.7% above this industry median. Based on the distribution chart, Miami International Holdings ranks #261 out of 686 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Miami International Holdings has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Miami International Holdings' Cash Ratio compare to MKTX and GLXY?
According to the Capital Markets industry distribution chart, Miami International Holdings ranks #261 out of 686 companies for Cash Ratio. This puts Miami International Holdings in the upper half of its industry. The industry median Cash Ratio is 0.92. Miami International Holdings' value of 1.57 is 70.7% above this benchmark. Historically, Miami International Holdings' own Cash Ratio has ranged from 0.12 to 1.57 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 0.92, Miami International Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a Capital Markets company?
The median Cash Ratio among Capital Markets companies is 0.92, based on 686 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Miami International Holdings's current Cash Ratio of 1.57 is 70.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Miami International Holdings and its competitors. For the Capital Markets industry, the median Cash Ratio is 0.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miami International Holdings's current Cash Ratio is 1.57, which is 324% above median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Miami International Holdings stock overvalued right now?
Miami International Holdings (MIAX) has a current Cash Ratio of 1.57. The current Cash Ratio is 1.57, which is 324% above median its 10-year median of 0.37 and 70.7% above the Capital Markets industry median of 0.92. Miami International Holdings' overall GF Score™ is 40/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Miami International Holdings (MIAX), the current Cash Ratio is 1.57 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Miami International Holdings Business Description

Address 7 Roszel Road, Suite 1A, Princeton, NJ, USA, 08540
Miami International Holdings Inc is engaged in operating regulated financial marketplaces across multiple asset classes using proprietary technology platforms. The company operates exchange markets for options, equities, futures, and international listings through its MIAX Exchanges, MIAX Futures Exchange, and the Bermuda Stock Exchange. The company operates through four reportable segments: Options, which provides trading and market data services for listed equity and ETP options; Equities, which provides trading services for U.S. equities and ETPs; Futures, which provides futures trading and clearing services through MIAX Futures; and International, which provides listing services for capital market instruments through the Bermuda Stock Exchange and The International Stock Exchange.
40GF Score

Get the complete analysis for MIAX

Cash Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$44.23
Price