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MDB (MongoDB) Current Ratio : 5.03 (As of Jul. 2024)


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What is MongoDB 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. MongoDB's current ratio for the quarter that ended in Jul. 2024 was 5.03.

MongoDB has a current ratio of 5.03. 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 MongoDB's Current Ratio or its related term are showing as below:

MDB' s Current Ratio Range Over the Past 10 Years
Min: 1.27   Med: 4.02   Max: 5.74
Current: 5.03

During the past 9 years, MongoDB's highest Current Ratio was 5.74. The lowest was 1.27. And the median was 4.02.

MDB's Current Ratio is ranked better than
87.33% of 2825 companies
in the Software industry
Industry Median: 1.78 vs MDB: 5.03

MongoDB Current Ratio Historical Data

The historical data trend for MongoDB'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.

MongoDB Current Ratio Chart

MongoDB Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Current Ratio
Get a 7-Day Free Trial Premium Member Only 4.59 3.22 4.02 3.80 4.40

MongoDB Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.48 4.74 4.40 4.93 5.03

Competitive Comparison of MongoDB's Current Ratio

For the Software - Infrastructure subindustry, MongoDB'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.


MongoDB's Current Ratio Distribution in the Software Industry

For the Software industry and Technology sector, MongoDB's Current Ratio distribution charts can be found below:

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



MongoDB 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.

MongoDB's Current Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Current Ratio (A: Jan. 2024 )=Total Current Assets (A: Jan. 2024 )/Total Current Liabilities (A: Jan. 2024 )
=2483.636/564.22
=4.40

MongoDB's Current Ratio for the quarter that ended in Jul. 2024 is calculated as

Current Ratio (Q: Jul. 2024 )=Total Current Assets (Q: Jul. 2024 )/Total Current Liabilities (Q: Jul. 2024 )
=2722.047/541.155
=5.03

* 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.


MongoDB  (NAS:MDB) 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.


MongoDB Current Ratio Related Terms

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MongoDB Business Description

Traded in Other Exchanges
Address
1633 Broadway, 38th Floor, New York, NY, USA, 10019
Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.
Executives
Hope F Cochran director C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Dwight A Merriman director C/O MONGODB, INC., 229 WEST 43RD STREET, 5TH FLOOR, NEW YORK NY 10036
Michael Lawrence Gordon officer: Chief Financial Officer C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Cedric Pech officer: Chief Revenue Officer C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Thomas Bull officer: Principal Accounting Officer C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Dev Ittycheria director, officer: President & CEO C/O MONGO DB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Archana Agrawal director C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
John Dennis Mcmahon director C/O BLADELOGIC, INC., 10 MAGUIRE STREET, BUILDING 3, LEXINGTON MA 02421
Roelof Botha director, 10 percent owner C/O SEQUOIA CAPITAL, 2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025
Mark Porter director C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Hazard Charles M Jr director, 10 percent owner 136 SUDBURY ROAD, WESTON MA 02493
Eliot Horowitz director, officer: Chief Technology Officer C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Francisco Dsouza director 500 GLENPOINTE CENTRE W, TEANECK NJ 07666
Kevin P Ryan director C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Meagen Eisenberg officer: Chief Marketing Officer C/O MONGO DB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019