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. Bursa Malaysia Bhd's current ratio for the quarter that ended in Mar. 2024 was 1.11.
Bursa Malaysia Bhd has a current ratio of 1.11. It generally indicates good short-term financial strength.
The historical rank and industry rank for Bursa Malaysia Bhd's Current Ratio or its related term are showing as below:
XKLS:1818'
s Current Ratio Range Over the Past 10 Years
Min: 1.08 Med: 1.21 Max: 1.49
Current: 1.11
During the past 13 years, Bursa Malaysia Bhd's highest Current Ratio was 1.49. The lowest was 1.08. And the median was 1.21.
XKLS:1818's Current Ratio is ranked worse than 79.88% of 671
companies
in the Capital Markets industry
Industry Median: 2.24
vs XKLS:1818: 1.11
Bursa Malaysia Bhd Current Ratio Historical Data
The historical data trend for Bursa Malaysia Bhd'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.
Competitive Comparison of Bursa Malaysia Bhd's Current Ratio
For the Financial Data & Stock Exchanges subindustry, Bursa Malaysia Bhd'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.
Bursa Malaysia Bhd's Current Ratio Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bursa Malaysia Bhd's Current Ratio distribution charts can be found below:
* The bar in red indicates where Bursa Malaysia Bhd's Current Ratio falls into.
Bursa Malaysia Bhd 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.
Bursa Malaysia Bhd's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Bursa Malaysia Bhd (XKLS:1818) 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.
Bursa Malaysia Bhd Current Ratio Related Terms
Thank you for viewing the detailed overview of Bursa Malaysia Bhd's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Bursa Malaysia Bhd (XKLS:1818) Business Description
Bursa Malaysia Bhd operates a fully integrated exchange that offers a comprehensive range of products, mostly to the Association of Southeast Asian Nations. These include equities, derivatives, offshore, and Islamic products. The company also provides exchange-related services, including trading, clearing, and settling, as well as depository services. It is home to hundreds of companies listed either on the main market or the ACE market, depending on size. The company's strategy emphasizes facilitating a more conducive trading environment, the availability of tradeable alternatives, and developing a regional marketplace with global access through collaborations and alliances, among other initiatives. Its primary source of revenue is securities trading, followed by derivatives trading.
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