Miramar Hotel & Investment Co has a current ratio of 8.17. 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 Miramar Hotel & Investment Co's Current Ratio or its related term are showing as below:
HKSE:00071'
s Current Ratio Range Over the Past 10 Years
Min: 1.86 Med: 6.46 Max: 10.64
Current: 8.17
During the past 13 years, Miramar Hotel & Investment Co's highest Current Ratio was 10.64. The lowest was 1.86. And the median was 6.46.
HKSE:00071's Current Ratio is ranked better than 91.3% of 1828
companies
in the Real Estate industry
Industry Median: 1.62
vs HKSE:00071: 8.17
Miramar Hotel & Investment Co 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.
Competitive Comparison of Miramar Hotel & Investment Co's Current Ratio
For the Real Estate Services subindustry, Miramar Hotel & Investment Co'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.
Miramar Hotel & Investment Co's Current Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Miramar Hotel & Investment Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where Miramar Hotel & Investment Co's Current Ratio falls into.
Miramar Hotel & Investment Co 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.
Miramar Hotel & Investment Co (HKSE:00071) 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.
Miramar Hotel & Investment Co Current Ratio Related Terms
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Miramar Hotel & Investment Co (HKSE:00071) Business Description
Miramar Hotel & Investment Co Ltd is an investment holding company. It operates in five segments: Property rental, which includes leasing of office and retail premises to generate rental income and to gain from the appreciation in properties values in the long term; Hotels & serviced apartments segment operates hotels and serviced apartments and provision of hotel management services; Food & beverage operation segment operates restaurants; Travel operation segment is engaged in the operation of travel agency services; and Others. Its geographical segments are Hong Kong and China, of which Hong Kong accounts for the majority of its revenue.
Miramar Hotel & Investment Co (HKSE:00071) Headlines
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