GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » MoneyMe Ltd (ASX:MME) » Definitions » Current Ratio

MoneyMe (ASX:MME) Current Ratio : 1.06 (As of Dec. 2023)


View and export this data going back to 2019. Start your Free Trial

What is MoneyMe 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. MoneyMe's current ratio for the quarter that ended in Dec. 2023 was 1.06.

MoneyMe has a current ratio of 1.06. It generally indicates good short-term financial strength.

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

ASX:MME' s Current Ratio Range Over the Past 10 Years
Min: 0.35   Med: 1.24   Max: 189.27
Current: 1.06

During the past 5 years, MoneyMe's highest Current Ratio was 189.27. The lowest was 0.35. And the median was 1.24.

ASX:MME's Current Ratio is ranked worse than
84.13% of 378 companies
in the Credit Services industry
Industry Median: 4.8 vs ASX:MME: 1.06

MoneyMe Current Ratio Historical Data

The historical data trend for MoneyMe'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.

MoneyMe Current Ratio Chart

MoneyMe Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23
Current Ratio
1.50 5.49 41.44 65.19 189.27

MoneyMe Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Current Ratio Get a 7-Day Free Trial Premium Member Only 1.02 65.19 1.00 189.27 1.06

Competitive Comparison of MoneyMe's Current Ratio

For the Credit Services subindustry, MoneyMe'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.


MoneyMe's Current Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, MoneyMe's Current Ratio distribution charts can be found below:

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



MoneyMe 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.

MoneyMe's Current Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Current Ratio (A: Jun. 2023 )=Total Current Assets (A: Jun. 2023 )/Total Current Liabilities (A: Jun. 2023 )
=1173.301/6.199
=189.27

MoneyMe'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 )
=1170.762/1103.249
=1.06

* 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.


MoneyMe  (ASX:MME) 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.


MoneyMe Current Ratio Related Terms

Thank you for viewing the detailed overview of MoneyMe's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


MoneyMe (ASX:MME) Business Description

Traded in Other Exchanges
N/A
Address
131 Macquarie Street, Level 3, Sydney, NSW, AUS, 2000
MoneyMe Ltd is a digital consumer credit business that leverages technology platforms and big data analytics to deliver loan offerings to tech-savvy consumers. The company provides its lenders, with financing solutions to fulfill a variety of personal funding requirements. It offers various types of loans personal loans, cash loans, quick cash loans, and short-term loans among others. It also offers a range of credit cards.

MoneyMe (ASX:MME) Headlines

No Headlines