Current Ratio breakdown for ManaksiaCurrent Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e. Current Ration of 2 to 1).
Manaksia Current Ratio Assessment
In accordance with recently published financial statements Manaksia Limited has Current Ratio of 1.65 times. This is 86.51% lower than that of Conglomerates sector, and 86.51% lower than that of Conglomerates industry, The Current Ratio for all stocks is 32.38% higher than the company.
Filter other Stocks by Current Ratio
Current Ratio ComparisonManaksia is currently under evaluation in current ratio category among related companies.
Follow Manaksia Current Ratio with Macroaxis syndicated feed, custom widget, or your favorite custom stock ticker
Other Manaksia Fundamentals