GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mobile Infrastructure Corp (AMEX:BEEP) » Definitions » Current Ratio

Mobile Infrastructure (Mobile Infrastructure) Current Ratio : 0.26 (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Mobile Infrastructure 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. Mobile Infrastructure's current ratio for the quarter that ended in Mar. 2024 was 0.26.

Mobile Infrastructure has a current ratio of 0.26. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Mobile Infrastructure 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 Mobile Infrastructure's Current Ratio or its related term are showing as below:

BEEP' s Current Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.25   Max: 1.54
Current: 0.26

During the past 3 years, Mobile Infrastructure's highest Current Ratio was 1.54. The lowest was 0.15. And the median was 0.25.

BEEP's Current Ratio is ranked worse than
98.46% of 1688 companies
in the Construction industry
Industry Median: 1.55 vs BEEP: 0.26

Mobile Infrastructure Current Ratio Historical Data

The historical data trend for Mobile Infrastructure'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.

Mobile Infrastructure Current Ratio Chart

Mobile Infrastructure Annual Data
Trend Dec21 Dec22 Dec23
Current Ratio
1.54 0.15 0.23

Mobile Infrastructure Quarterly Data
Dec21 Mar22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Current Ratio Get a 7-Day Free Trial 0.15 0.15 0.27 0.23 0.26

Competitive Comparison of Mobile Infrastructure's Current Ratio

For the Infrastructure Operations subindustry, Mobile Infrastructure'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.


Mobile Infrastructure's Current Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Mobile Infrastructure's Current Ratio distribution charts can be found below:

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



Mobile Infrastructure 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.

Mobile Infrastructure's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )=Total Current Assets (A: Dec. 2023 )/Total Current Liabilities (A: Dec. 2023 )
=18.98/84.123
=0.23

Mobile Infrastructure's Current Ratio for the quarter that ended in Mar. 2024 is calculated as

Current Ratio (Q: Mar. 2024 )=Total Current Assets (Q: Mar. 2024 )/Total Current Liabilities (Q: Mar. 2024 )
=21.708/82.158
=0.26

* 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.


Mobile Infrastructure  (AMEX:BEEP) 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.


Mobile Infrastructure Current Ratio Related Terms

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


Mobile Infrastructure (Mobile Infrastructure) Business Description

Traded in Other Exchanges
N/A
Address
30 W. 4th Street, Cincinnati, OH, USA, 45202
Mobile Infrastructure Corp focuses on acquiring, owning, and leasing parking facilities and related infrastructure, including parking lots, parking garages and other parking structures throughout the United States. The company targets both parking garage and surface lot properties primarily in the top 50 U.S. Metropolitan Statistical Areas, with proximity to key demand drivers, such as airports, transportation hubs, educational facilities, government buildings and courthouses, sports and entertainment venues, hospital and health centers, hotels, office complexes and residences.
Executives
Jeffrey Osher director 505 MONTGOMERY STREET, SUITE 1250, SAN FRANCISCO CA 94111
Stephanie Hogue director, 10 percent owner, officer: President & CFO 250 E. 5TH STREET, STE 2110, CINCINNATI OH 45202
Amanda Parness other: Former Director C/O FIFTH WALL ACQUISITION CORP. II, 6060 CENTER DRIVE, 10TH FLOOR, LOS ANGELES CA 90045
Brad Greiwe director 1 LITTLE WEST 12TH STREET, 4TH FLOOR, NEW YORK NY 10014
Damon D Jones director 250 E 5TH STREET, STE 2110, CINCINNATI OH 45202
Manuel Iii Chavez director, officer: CEO 250 E 5TH STREET, STE 2110, CINCINNATI OH 45202
Color Up, Llc other: See Remarks 250 E 5TH STREET, STE 2110, CINCINNATI OH 45202
Hscp Strategic Iii L.p. other: See Remarks 505 MONTGOMERY STREET, SUITE 1250, SAN FRANCISCO CA 94111
Poonam Sharma Mathis other: Former Director C/O FIFTH WALL ACQUISITION CORP. II, 6060 CENTER DRIVE, 10TH FLOOR, LOS ANGELES CA 90045
Adeyemi Ajao other: Former Director C/O FIFTH WALL ACQUISITION CORP. II, 6060 CENTER DRIVE, 10TH FLOOR, LOS ANGELES CA 90045
Lorrence T Kellar director C/O LOEHMANNS INC, 2500 HALSEY STREET, BRONX NY 10461
Fifth Wall Acquisition Sponsor Iii, Llc 10 percent owner 6060 CENTER DRIVE, FLOOR 10, LOS ANGELES CA 90045
Andriy Mykhaylovskyy 10 percent owner 6060 CENTER DRIVE 10TH FLOOR, LOS ANGELES CA 90045
Brendan Wallace 10 percent owner 6060 CENTER DRIVE 10TH FLOOR, LOS ANGELES CA 90045
Alana Beard other: Former Director 6060 CENTER DRIVE 10TH FLOOR, LOS ANGELES CA 90045

Mobile Infrastructure (Mobile Infrastructure) Headlines

From GuruFocus