MGL.AX
Price:
$0.21
Market Cap:
$11.96M
Magontec Limited, together with its subsidiaries, engages in the research, development, manufacture, and sale of generic and specialist alloys in Asia, the Americas, Europe, and internationally. The company manufactures and distributes magnesium and titanium cathodic corrosion protection (CCP) products, such as HyTonic anodes, Correx impressed current systems, CorroScout measuring systems, and S-Patron intelligent measuring and control systems for use in water storage vessels. It also recycles magnesium alloys. The company was formerly known as Advanced Magnesium Limited and changed its name to Magontec Limited in November 2011. Magontec Limited was founded in 1953 and is headquartered in Po...[Read more]
Industry
Industrial Materials
IPO Date
1988-04-29
Stock Exchange
ASX
Ticker
MGL.AX
According to Magontec Limited’s latest financial reports and current stock price. The company's current Current Ratio is 5.59. This represents a change of 17.56% compared to the average of 4.76 of the last 4 quarters.
The mean historical Current Ratio of Magontec Limited over the last ten years is 2.45. The current 5.59 Current Ratio has changed 22.71% with respect to the historical average. Over the past ten years (40 quarters), MGL.AX's Current Ratio was at its highest in in the June 2008 quarter at 24.64. The Current Ratio was at its lowest in in the December 2005 quarter at 0.
Average
2.45
Median
2.00
Minimum
1.46
Maximum
5.98
Discovering the peaks and valleys of Magontec Limited 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 = 70.89%
Maximum Annual Current Ratio = 5.98
Minimum Annual Increase = -23.06%
Minimum Annual Current Ratio = 1.46
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 5.98 | 70.89% |
| 2023 | 3.50 | 44.65% |
| 2022 | 2.42 | 17.39% |
| 2021 | 2.06 | 3.45% |
| 2020 | 1.99 | 36.64% |
| 2019 | 1.46 | -23.06% |
| 2018 | 1.90 | -5.36% |
| 2017 | 2.00 | 21.38% |
| 2016 | 1.65 | 6.89% |
| 2015 | 1.54 | 1.58% |
The current Current Ratio of Magontec Limited (MGL.AX) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
3.97
5-year avg
3.19
10-year avg
2.45
Magontec Limited’s Current Ratio is greater than OD6 Metals Limited (4.30), greater than Reward Minerals Ltd (0.24), greater than Buxton Resources Limited (3.84), less than Enova Mining Limited (15.13), greater than Strike Resources Limited (5.37), less than Ragnar Metals Limited (6.95), greater than Industrial Minerals Ltd (2.30), greater than Stavely Minerals Limited (1.81), greater than EMU NL (1.41), greater than Pantera Lithium Limited (3.18),
| Company | Current Ratio | Market cap |
|---|---|---|
| 4.30 | $12.84M | |
| 0.24 | $10.97M | |
| 3.84 | $10.64M | |
| 15.13 | $11.05M | |
| 5.37 | $11.92M | |
| 6.95 | $11.85M | |
| 2.30 | $10.84M | |
| 1.81 | $9.59M | |
| 1.41 | $11.12M | |
| 3.18 | $10.42M |
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