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Mantengu Mining (JSE:MTU) Current Ratio : 0.75 (As of Aug. 2024)


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What is Mantengu Mining 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. Mantengu Mining's current ratio for the quarter that ended in Aug. 2024 was 0.75.

Mantengu Mining has a current ratio of 0.75. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Mantengu Mining has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for Mantengu Mining's Current Ratio or its related term are showing as below:

JSE:MTU' s Current Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.06   Max: 0.76
Current: 0.75

During the past 13 years, Mantengu Mining's highest Current Ratio was 0.76. The lowest was 0.01. And the median was 0.06.

JSE:MTU's Current Ratio is ranked worse than
70.72% of 2654 companies
in the Metals & Mining industry
Industry Median: 1.83 vs JSE:MTU: 0.75

Mantengu Mining Current Ratio Historical Data

The historical data trend for Mantengu Mining'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.

Mantengu Mining Current Ratio Chart

Mantengu Mining Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.06 0.06 0.36 0.69

Mantengu Mining Semi-Annual Data
Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.36 0.23 0.69 0.75

Competitive Comparison of Mantengu Mining's Current Ratio

For the Other Industrial Metals & Mining subindustry, Mantengu Mining'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.


Mantengu Mining's Current Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Mantengu Mining's Current Ratio distribution charts can be found below:

* The bar in red indicates where Mantengu Mining's Current Ratio falls into.



Mantengu Mining 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.

Mantengu Mining's Current Ratio for the fiscal year that ended in Feb. 2024 is calculated as

Current Ratio (A: Feb. 2024 )=Total Current Assets (A: Feb. 2024 )/Total Current Liabilities (A: Feb. 2024 )
=154.07/223.915
=0.69

Mantengu Mining's Current Ratio for the quarter that ended in Aug. 2024 is calculated as

Current Ratio (Q: Aug. 2024 )=Total Current Assets (Q: Aug. 2024 )/Total Current Liabilities (Q: Aug. 2024 )
=248.672/333.422
=0.75

* 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.


Mantengu Mining  (JSE:MTU) 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.


Mantengu Mining Current Ratio Related Terms

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Mantengu Mining Business Description

Traded in Other Exchanges
N/A
Address
5 Saint Michaels Lane, Bryanston, Sandton, Johannesburg, ZAF, 2021
Mantengu Mining Ltd operates as a mining investment company. The company is engaged in the process of transforming into a Mining, Mining Services, and Energy company. The project of the company comprises of Langpan project.

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