MCE.AX
Price:
$0.25
Market Cap:
$55.92M
Matrix Composites & Engineering Ltd, together with its subsidiaries, designs, engineers, manufactures, and sells composite and material technology solutions to the oil and gas, civil and infrastructure, resources, defense, and transportation industries in Australia and internationally. It offers autonomous underwater vehicles/unmanned underwater vehicles buoyancy, distributed buoyancy module systems, drill riser buoyancy systems, matrix longitudinal groove system (LGS) riser buoyancy system, and Matrix LGS surf systems, as well as Matrix MarineShield, a wraparound corrosion protection system for the preservation of pipelines, risers, piles, and other critical field infrastructure. The compan...[Read more]
Industry
Engineering & Construction
IPO Date
2009-11-15
Stock Exchange
ASX
Ticker
MCE.AX
According to Matrix Composites & Engineering Ltd’s latest financial reports and current stock price. The company's current Current Ratio is 2.38. This represents a change of -6.29% compared to the average of 2.54 of the last 4 quarters.
The mean historical Current Ratio of Matrix Composites & Engineering Ltd over the last ten years is 3.47. The current 2.38 Current Ratio has changed 6.76% with respect to the historical average. Over the past ten years (40 quarters), MCE.AX's Current Ratio was at its highest in in the June 2020 quarter at 6.20. The Current Ratio was at its lowest in in the January 2010 quarter at 0.
Average
3.47
Median
2.91
Minimum
1.93
Maximum
6.20
Discovering the peaks and valleys of Matrix Composites & Engineering Ltd Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 221.63%
Maximum Annual Current Ratio = 6.20
Minimum Annual Increase = -55.95%
Minimum Annual Current Ratio = 1.93
| Year | Current Ratio | Change |
|---|---|---|
| 2025 | 2.38 | -9.60% |
| 2024 | 2.63 | -14.79% |
| 2023 | 3.09 | -11.43% |
| 2022 | 3.48 | 27.64% |
| 2021 | 2.73 | -55.95% |
| 2020 | 6.20 | 221.63% |
| 2019 | 1.93 | -26.07% |
| 2018 | 2.61 | -51.11% |
| 2017 | 5.33 | 23.67% |
| 2016 | 4.31 | 101.07% |
The current Current Ratio of Matrix Composites & Engineering Ltd (MCE.AX) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
2.70
5-year avg
2.86
10-year avg
3.47
Matrix Composites & Engineering Ltd’s Current Ratio is greater than Boom Logistics Limited (1.16), greater than Dynamic Group Holdings Limited (1.09), less than LaserBond Limited (2.60), greater than Veris Limited (1.54), greater than Aquirian Limited (1.49), greater than Verbrec Limited (1.39), greater than Coventry Group Ltd (1.15), greater than Wiseway Group Limited (1.31), less than HiTech Group Australia Limited (2.64), greater than EVZ Limited (1.41),
| Company | Current Ratio | Market cap |
|---|---|---|
| 1.16 | $67.97M | |
| 1.09 | $40.09M | |
| 2.60 | $72.20M | |
| 1.54 | $37.87M | |
| 1.49 | $40.53M | |
| 1.39 | $47.89M | |
| 1.15 | $67.89M | |
| 1.31 | $43.73M | |
| 2.64 | $67.68M | |
| 1.41 | $27.29M |
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How does the current Current Ratio for Matrix Composites & Engineering Ltd (MCE.AX) compare to its historical average?