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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. Mexco Energy's current ratio for the quarter that ended in Dec. 2023 was 17.85.
Mexco Energy has a current ratio of 17.85. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Mexco Energy's Current Ratio or its related term are showing as below:
During the past 13 years, Mexco Energy's highest Current Ratio was 17.85. The lowest was 0.70. And the median was 3.01.
The historical data trend for Mexco Energy'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.
Mexco Energy Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 3.39 | 2.03 | 5.45 | 10.36 | 14.47 |
Mexco Energy Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Current Ratio | Get a 7-Day Free Trial | 10.99 | 14.47 | 16.32 | 15.36 | 17.85 |
For the Oil & Gas E&P subindustry, Mexco Energy'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 Oil & Gas industry and Energy sector, Mexco Energy's Current Ratio distribution charts can be found below:
* The bar in red indicates where Mexco Energy'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.
Mexco Energy's Current Ratio for the fiscal year that ended in Mar. 2023 is calculated as
Current Ratio (A: Mar. 2023 ) | = | Total Current Assets (A: Mar. 2023 ) | / | Total Current Liabilities (A: Mar. 2023 ) |
= | 3.734 | / | 0.258 | |
= | 14.47 |
Mexco Energy's Current Ratio for the quarter that ended in Dec. 2023 is calculated as
Current Ratio (Q: Dec. 2023 ) | = | Total Current Assets (Q: Dec. 2023 ) | / | Total Current Liabilities (Q: Dec. 2023 ) |
= | 4.552 | / | 0.255 | |
= | 17.85 |
* 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.
Mexco Energy (AMEX:MXC) 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 Mexco Energy's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas H Decker | director | 271 HARBOR ROAD, RYE NH 03870 |
Tammy Mccomic | officer: Vice President and Treasurer | 4417 W. STOREY, MIDLAND TX 79703 |
Stacy D. Hardin | officer: SECRETARY | 2604 CIMMARON AVENUE, MIDLAND TX 79705 |
Donna Gail Yanko | director, officer: Vice President and Secretary | |
Tom Craddick | director | 500 WEST TEXAS, SUITE 880, MIDLAND TX 79701 |
Michael J Banschbach | director | 505 N. BIG SPRING, SUITE 504, MIDLAND TX 79701 |
Kenneth L. Clayton | director | 12,335 BROKEN BOUGH DRIVE, HOUSTON TX 77024 |
Nicholas C Taylor | director, 10 percent owner, officer: President | 1203 COUNTRY CLUB DRIVE, MIDLAND TX 79701 |
Christopher M Schroeder | director | 5627 POTOMAC AVENUE NW, WASHINGTON DC 20016 |
Jack D Ladd | director | PO BOX 1540, MIDLAND TX 79702 |
Cox Howard E Jr | 10 percent owner | 880 WINTER ST 3RD FLOOR, WALTHAM MA 02451 |
Thomas Jr Graham | director, other: Chairman of the Board | C/O LIGHTBRIDGE CORPORATION, 11710 PLAZA AMERICA DRIVE, SUITE 2000, RESTON VA 20190 |
Paul G Hines | director | 17 TRACHELLE LANE, CHARLESTON SC 29407 |
Jeffry A Smith | director | P O BOX 1374, MIDLAND TX 79702 |
Arden R Grover | director |
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