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Modon Holding PSC (ADX:MODON) Current Ratio : 2.27 (As of Jun. 2024)


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What is Modon Holding PSC 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. Modon Holding PSC's current ratio for the quarter that ended in Jun. 2024 was 2.27.

Modon Holding PSC has a current ratio of 2.27. It generally indicates good short-term financial strength.

The historical rank and industry rank for Modon Holding PSC's Current Ratio or its related term are showing as below:

ADX:MODON' s Current Ratio Range Over the Past 10 Years
Min: 0.49   Med: 1.03   Max: 3.51
Current: 2.27

During the past 8 years, Modon Holding PSC's highest Current Ratio was 3.51. The lowest was 0.49. And the median was 1.03.

ADX:MODON's Current Ratio is ranked better than
66.47% of 1825 companies
in the Real Estate industry
Industry Median: 1.67 vs ADX:MODON: 2.27

Modon Holding PSC Current Ratio Historical Data

The historical data trend for Modon Holding PSC'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.

Modon Holding PSC Current Ratio Chart

Modon Holding PSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Current Ratio
Get a 7-Day Free Trial 0.60 0.49 1.69 2.97 2.65

Modon Holding PSC Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 3.51 2.97 3.02 2.65 2.27

Competitive Comparison of Modon Holding PSC's Current Ratio

For the Real Estate Services subindustry, Modon Holding PSC'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.


Modon Holding PSC's Current Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Modon Holding PSC's Current Ratio distribution charts can be found below:

* The bar in red indicates where Modon Holding PSC's Current Ratio falls into.



Modon Holding PSC 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.

Modon Holding PSC'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 )
=11448.448/4316.691
=2.65

Modon Holding PSC's Current Ratio for the quarter that ended in Jun. 2024 is calculated as

Current Ratio (Q: Jun. 2024 )=Total Current Assets (Q: Jun. 2024 )/Total Current Liabilities (Q: Jun. 2024 )
=26172.737/11527.801
=2.27

* 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.


Modon Holding PSC  (ADX:MODON) 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.


Modon Holding PSC Current Ratio Related Terms

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Modon Holding PSC Business Description

Traded in Other Exchanges
N/A
Address
Sheikh Zayed Road, Ministries Complex, Zone 1, Abu Dhabi, ARE
Modon Holding PSC develops vibrant communities, hospitality and lifestyle experiences, and world-class sports facilities. It engaged in strategic investment and innovation on an unrivaled scale, shaping future smart living. Its projects are Surf Abu Dhabi and Velodrome.

Modon Holding PSC Headlines

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