MainStay CBRE Global Infrastructure Megatrends Fund

MainStay CBRE Global Infrastructure Megatrends Fundverified

MEGI

Price:

$14.6

Market Cap:

$759.89M

MainStay CBRE Global Infrastructure Megatrends Term Fund operates as a non-diversified, closed-end management investment firm. The company was founded on March 29, 2021 and is headquartered in New York, NY.[Read more]

Industry

Asset Management - Global

IPO Date

2021-10-27

Stock Exchange

NYSE

Ticker

MEGI

The Current Ratio as of September 2024 (TTM) for MainStay CBRE Global Infrastructure Megatrends Fund (MEGI) is 3.02

According to MainStay CBRE Global Infrastructure Megatrends Fund’s latest financial reports and current stock price. The company's current Current Ratio is 3.02. This represents a change of 7.58% compared to the average of 2.81 of the last 4 quarters.

MainStay CBRE Global Infrastructure Megatrends Fund (MEGI) Historical Current Ratio (quarterly & annually)

How has MEGI Current Ratio performed in the past?

The mean historical Current Ratio of MainStay CBRE Global Infrastructure Megatrends Fund over the last ten years is 4.09. The current 3.02 Current Ratio has changed 7.28% with respect to the historical average. Over the past ten years (40 quarters), MEGI's Current Ratio was at its highest in in the May 2023 quarter at 3.45. The Current Ratio was at its lowest in in the November 2021 quarter at 0.15.

Quarterly (TTM)
Annual

Average

4.09

Median

3.45

Minimum

3.02

Maximum

5.82

MainStay CBRE Global Infrastructure Megatrends Fund (MEGI) Current Ratio by Quarter and Year

Discovering the peaks and valleys of MainStay CBRE Global Infrastructure Megatrends Fund 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 = 0%

Maximum Annual Current Ratio = 5.82

Minimum Annual Increase = -40.76%

Minimum Annual Current Ratio = 3.02

Quarterly (TTM)
Annual
YearCurrent RatioChange
20243.02-12.36%
20233.45-40.76%

MainStay CBRE Global Infrastructure Megatrends Fund (MEGI) Average Current Ratio

How has MEGI Current Ratio performed in the past?

The current Current Ratio of MainStay CBRE Global Infrastructure Megatrends Fund (MEGI) 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

4.09

5-year avg

4.09

10-year avg

4.09

MainStay CBRE Global Infrastructure Megatrends Fund (MEGI) Current Ratio vs. Peers

How is MEGI’s Current Ratio compared to its peers?

MainStay CBRE Global Infrastructure Megatrends Fund’s Current Ratio is greater than Ares Dynamic Credit Allocation Fund, Inc. (0), less than PGIM Short Duration High Yield Opportunities Fund (9.88), greater than Ecofin Sustainable and Social Impact Term Fund (0), greater than Abrdn Total Dynamic Dividend Fund (0.52), less than BlackRock MuniHoldings Fund, Inc. (0), greater than BlackRock MuniVest Fund II, Inc. (0.31), greater than BlackRock MuniYield Quality Fund II, Inc. (0.27), greater than BlackRock MuniVest Fund, Inc. (0.17), greater than BlackRock Municipal Income Fund, Inc. (1.56), greater than Pimco Dynamic Income Opportunities Fund (0.03), greater than PIMCO Income Strategy Fund II (0.58), greater than XAI Octagon Floating Rate & Alternative Income Term Trust (0), greater than PIMCO Corporate & Income Strategy Fund (0), greater than Nuveen Dynamic Municipal Opportunities Fund (0), greater than BlackRock MuniYield Quality Fund, Inc. (0.79), greater than DWS Municipal Income Trust (1.03), greater than BlackRock MuniYield Quality Fund III, Inc. (2.16), greater than null (0.12),

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