Morgan Group Holding Co (Morgan Group Holding Co) Cash Ratio : 1.68 (As of Sep. 2023)

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What is Morgan Group Holding Co Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Morgan Group Holding Co's Cash Ratio for the quarter that ended in Sep. 2023 was 1.68.

Morgan Group Holding Co has a Cash Ratio of 1.68. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.

The historical rank and industry rank for Morgan Group Holding Co's Cash Ratio or its related term are showing as below:

MGHL' s Cash Ratio Range Over the Past 10 Years
Min: 0.32 Med: 4.69 Max: 149
Current: 1.68

During the past 13 years, Morgan Group Holding Co's highest Cash Ratio was 149.00. The lowest was 0.32. And the median was 4.69.

MGHL's Cash Ratio is ranked better than
66.41% of 658 companies
in the Capital Markets industry
Industry Median: 0.92 vs MGHL: 1.68

Morgan Group Holding Co Cash Ratio Historical Data

The historical data trend for Morgan Group Holding Co's Cash 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.

Morgan Group Holding Co Cash Ratio Chart

Morgan Group Holding Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash Ratio

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3.14

4.77

2.24

1.72

Morgan Group Holding Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash Ratio	Get a 7-Day Free Trial															1.79	1.72	1.68	1.40	1.68

Competitive Comparison of Morgan Group Holding Co's Cash Ratio

For the Capital Markets subindustry, Morgan Group Holding Co'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.

Morgan Group Holding Co's Cash Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Morgan Group Holding Co's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Morgan Group Holding Co's Cash Ratio falls into.

Morgan Group Holding Co Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Morgan Group Holding Co's Cash Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash Ratio (A: Dec. 2022 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	2.286	/	1.331
	=	1.72

Morgan Group Holding Co's Cash Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash Ratio (Q: Sep. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	1.29	/	0.766
	=	1.68

Morgan Group Holding Co (OTCPK:MGHL) 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.

Morgan Group Holding Co Cash Ratio Related Terms

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Morgan Group Holding Co (Morgan Group Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Morgan Group Holding Co (OTCPK:MGHL) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Theodore Fremd Avenue, Rye, NY, USA, 10580

Website

https://www.morgangroupholdingco.com

Morgan Group Holding Co through its wholly own subsidiary operates in institutional research and securities brokerage business. It provides underwriting and institutional research services. The firm derives revenue from institutional research services, underwriting fees, and selling concessions.

Executives

Claudia B Carucci	10 percent owner	17 EAGLE ISLAND PLACE, SHELDON SC 29941-3017
Uncle Mills Partners, Llc	10 percent owner	17 EAGLE ISLAND PLACE, SHELDON SC 29941-3017
Bernard Zimmerman	10 percent owner, other: See Remarks	18 HIGH MEADOW RD, WESTON CT 06883
Carucci Walter P /ny	10 percent owner, other: See Remarks	C/O CARR SECURITIES CORP, 14 VANDERVENTER AVENUE, SUITE 210, PORT WASHINGTON NY 11050