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MCHHF (Macmahon Holdings) Quick Ratio : 1.07 (As of Jun. 2024)


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What is Macmahon Holdings Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Macmahon Holdings's quick ratio for the quarter that ended in Jun. 2024 was 1.07.

Macmahon Holdings has a quick ratio of 1.07. It generally indicates good short-term financial strength.

The historical rank and industry rank for Macmahon Holdings's Quick Ratio or its related term are showing as below:

MCHHF' s Quick Ratio Range Over the Past 10 Years
Min: 1.03   Med: 1.15   Max: 1.5
Current: 1.07

During the past 13 years, Macmahon Holdings's highest Quick Ratio was 1.50. The lowest was 1.03. And the median was 1.15.

MCHHF's Quick Ratio is ranked worse than
58.25% of 2654 companies
in the Metals & Mining industry
Industry Median: 1.52 vs MCHHF: 1.07

Macmahon Holdings Quick Ratio Historical Data

The historical data trend for Macmahon Holdings's Quick 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.

Macmahon Holdings Quick Ratio Chart

Macmahon Holdings Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.29 1.07 1.06 1.03 1.07

Macmahon Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Quick 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 1.06 1.16 1.03 0.97 1.07

Competitive Comparison of Macmahon Holdings's Quick Ratio

For the Other Industrial Metals & Mining subindustry, Macmahon Holdings's Quick Ratio, along with its competitors' market caps and Quick 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.


Macmahon Holdings's Quick Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Macmahon Holdings's Quick Ratio falls into.



Macmahon Holdings Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

Macmahon Holdings's Quick Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Quick Ratio (A: Jun. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(464.743-70.007)/370.637
=1.07

Macmahon Holdings's Quick Ratio for the quarter that ended in Jun. 2024 is calculated as

Quick Ratio (Q: Jun. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(464.743-70.007)/370.637
=1.07

* 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.


Macmahon Holdings  (OTCPK:MCHHF) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.


Macmahon Holdings Quick Ratio Related Terms

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Macmahon Holdings Business Description

Traded in Other Exchanges
Address
15 Hudswell Road, Perth Airport, Perth, WA, AUS, 6105
Macmahon Holdings Ltd is an Australian company providing mining services to clients throughout Australia, Southeast Asia, and South Africa. Its complete mining services range from mine development to materials delivery, including design, construction, and on-site services. Macmahon manages mines for mining companies, across a variety of base and precious metals and commodities. Its segments are Surface Mining, Underground Mining, and International Mining. It provides a complete set of mining services which includes surface and underground mining, civil and rehabilitation services, equipment maintenance, rentals and management.

Macmahon Holdings Headlines