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MNG Havayollari ve Tasimacilik AS has a Cash Ratio of 0.33. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
MNGA's Cash Ratio is not ranked *
in the Transportation industry.
Industry Median: 0.52 * Ranked among companies with meaningful Cash Ratio only.
MNG Havayollari ve Tasimacilik AS (NYSE:MNGA) 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.
MNG Havayollari ve Tasimacilik AS Cash Ratio Related Terms
MNG Havayollari ve Tasimacilik AS Cash Ratio Historical Data
* 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.
MNG Havayollari ve Tasimacilik AS Cash Ratio Chart
MNG Havayollari ve Tasimacilik AS Annual Data
Trend
Dec20
Dec21
Dec22
Cash Ratio
0.74
0.48
0.33
MNG Havayollari ve Tasimacilik AS Quarterly Data
Dec20
Dec21
Sep22
Dec22
Cash Ratio
0.74
0.48
0.22
0.33
MNGA vs : Cash Ratio Comparison
For the Integrated Freight & Logistics subindustry, MNG Havayollari ve Tasimacilik AS'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.
MNG Havayollari ve Tasimacilik AS Cash Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, MNG Havayollari ve Tasimacilik AS's Cash Ratio distribution charts can be found below:
* The bar in red indicates where MNG Havayollari ve Tasimacilik AS's Cash Ratio falls into.
* 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.
MNG Havayollari ve Tasimacilik AS (MNGA) has a Cash Ratio of 0.33 as of Dec. 2022. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on MNG Havayollari ve Tasimacilik AS and its competitors.
Is MNG Havayollari ve Tasimacilik AS's Cash Ratio too high?
MNG Havayollari ve Tasimacilik AS's current Cash Ratio is 0.33. The Transportation industry median Cash Ratio is 0.52. MNG Havayollari ve Tasimacilik AS's value of 0.33 is 36.5% below this industry median.
How does MNG Havayollari ve Tasimacilik AS's Cash Ratio compare to ?
MNG Havayollari ve Tasimacilik AS's Cash Ratio of 0.33 can be compared against companies in the Transportation industry. The industry median Cash Ratio is 0.52. MNG Havayollari ve Tasimacilik AS's value of 0.33 is 36.5% below this benchmark. 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 Transportation company?
The median Cash Ratio among Transportation companies is 0.52, based on 993 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. MNG Havayollari ve Tasimacilik AS's current Cash Ratio of 0.33 is 36.5% below 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 MNG Havayollari ve Tasimacilik AS and its competitors. For the Transportation industry, the median Cash Ratio is 0.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MNG Havayollari ve Tasimacilik AS's current Cash Ratio is 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MNG Havayollari ve Tasimacilik AS stock overvalued right now?
MNG Havayollari ve Tasimacilik AS (MNGA) has a current Cash Ratio of 0.33. The current Cash Ratio is 0.33 and 36.5% below the Transportation industry median of 0.52. 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 MNG Havayollari ve Tasimacilik AS (MNGA), the current Cash Ratio is 0.33 as of Dec. 2022. 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.
MNG Havayollari ve Tasimacilik AS Business Description
MNG Havayollari ve Tasimacilik AS is an independent logistics provider mainly in the EMEA region and a global e-commerce enabler. Its service offerings include scheduled and block space, charter, ACMI, special cargo, warehouse, handling and technical services. MNG's diversified business model provides MNG with a competitive advantage in the air cargo market, as it gives MNG the opportunity to provide customized services to its customers in accordance with needs and expectations. The company recognizes revenue for its global multimodal operations based on the origin of transported cargo carried on each flight.
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