What is Market Connections Asia PCL 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. Market Connections Asia PCL's current ratio for the quarter that ended in Dec. 2023 was 5.16.
Market Connections Asia PCL has a current ratio of 5.16. 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 Market Connections Asia PCL's Current Ratio or its related term are showing as below:
BKK:MCA'
s Current Ratio Range Over the Past 10 Years
Min: 1.85 Med: 1.86 Max: 5.16
Current: 5.16
During the past 3 years, Market Connections Asia PCL's highest Current Ratio was 5.16. The lowest was 1.85. And the median was 1.86.
BKK:MCA's Current Ratio is ranked better than 90.25% of 1056
companies
in the Media - Diversified industry
Industry Median: 1.625
vs BKK:MCA: 5.16
Market Connections Asia PCL Current Ratio Historical Data
* 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.
Market Connections Asia PCL Current Ratio Chart
Market Connections Asia PCL Annual Data
Trend
Dec21
Dec22
Dec23
Current Ratio
1.85
1.86
5.16
Market Connections Asia PCL Semi-Annual Data
Dec21
Jun22
Dec22
Jun23
Dec23
Current Ratio
1.85
-
1.86
2.19
5.16
Competitive Comparison of Market Connections Asia PCL's Current Ratio
For the Advertising Agencies subindustry, Market Connections Asia PCL'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.
Market Connections Asia PCL's Current Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Market Connections Asia PCL's Current Ratio distribution charts can be found below:
* The bar in red indicates where Market Connections Asia PCL's Current Ratio falls into.
Market Connections Asia PCL 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.
* 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.
Market Connections Asia PCL (BKK:MCA) 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.
Market Connections Asia PCL Current Ratio Related Terms
Thank you for viewing the detailed overview of Market Connections Asia PCL's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Market Connections Asia PCL (BKK:MCA) Business Description
Market Connections Asia PCL is a company that does integrated marketing activities both offline and online. The company focuses on providing services. and is a coordinating medium To increase sales in various trade channels Ready to provide service and support in taking care of every aspect of the work process. in order to get effective results. The company's business segment includes Marketing and digital activities, Packing and logistics, Product consultants, and Merchandising. The company generates the majority of its revenue from Merchandising, and Marketing and digital activities.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BKK:MCA has been successfully added to your