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. The Mint's current ratio for the quarter that ended in Dec. 2023 was 0.06.
The Mint has a current ratio of 0.06. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If The Mint 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 The Mint's Current Ratio or its related term are showing as below:
MITJF's Current Ratio is not ranked *
in the Credit Services industry.
Industry Median: 5.055 * Ranked among companies with meaningful Current Ratio only.
The Mint (OTCPK:MITJF) 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.
The Mint Current Ratio Related Terms
The Mint Current Ratio Historical Data
* Premium members only.
The historical data trend for The Mint'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.
MITJF vs STQN, WINSF, CAFI: Current Ratio Comparison
For the Credit Services subindustry, The Mint'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.
The Mint Current Ratio vs Credit Services Industry
For the Credit Services industry and Financial Services sector, The Mint's Current Ratio distribution charts can be found below:
* The bar in red indicates where The Mint's Current 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.
The Mint (MITJF) has a Current Ratio of 0.06 as of Dec. 2023.
Is The Mint's Current Ratio too high?
The Mint's current Current Ratio is 0.06. The Credit Services industry median Current Ratio is 5.06. The Mint's value of 0.06 is 98.8% below this industry median. Overall, The Mint has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does The Mint's Current Ratio compare to STQN and WINSF?
The Mint's Current Ratio of 0.06 can be compared against companies in the Credit Services industry. The industry median Current Ratio is 5.06. The Mint's value of 0.06 is 98.8% 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 Current Ratio for a Credit Services company?
The median Current Ratio among Credit Services companies is 5.06, based on 394 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Mint's current Current Ratio of 0.06 is 98.8% 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 Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Credit Services industry, the median Current Ratio is 5.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Mint's current Current Ratio is 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Mint stock overvalued right now?
The Mint (MITJF) has a current Current Ratio of 0.06. The current Current Ratio is 0.06 and 98.8% below the Credit Services industry median of 5.06. The Mint's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For The Mint (MITJF), the current Current Ratio is 0.06 as of Dec. 2023. 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.
The Mint Corp, through its subsidiaries, is a globally certified payments company focused on offering financial services to the unbanked salaried worker in the United Arab Emirates (UAE). The Group manages the issuance, administration, customer support, payment processing, and set-up and reporting of payroll cards. In addition, it also provides additional services to cardholders, including mobile airtime top-up and mobile payments. The Corporation's business operations are located principally in the Middle East and almost all of its revenue is in UAE Dirham.
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