Magic Empire Global Limited

Magic Empire Global Limitedverified

MEGL

Price:

$0.43

Market Cap:

$67.90M

Magic Empire Global Limited provides initial public offering sponsorship, financial and independent financial advisory, post-listing compliance advisory, and underwriting services to corporations in Hong Kong. The company was incorporated in 2016 and is headquartered in Central, Hong Kong.[Read more]

Industry

Financial - Capital Markets

IPO Date

2022-08-05

Stock Exchange

NASDAQ

Ticker

MEGL

The Current Ratio as of September 2024 (TTM) for Magic Empire Global Limited (MEGL) is 24.13

According to Magic Empire Global Limited’s latest financial reports and current stock price. The company's current Current Ratio is 24.13. This represents a change of -94.94% compared to the average of 476.88 of the last 4 quarters.

Magic Empire Global Limited (MEGL) Historical Current Ratio (quarterly & annually)

How has MEGL Current Ratio performed in the past?

The mean historical Current Ratio of Magic Empire Global Limited over the last ten years is 74.32. The current 24.13 Current Ratio has changed 3.15% with respect to the historical average. Over the past ten years (40 quarters), MEGL's Current Ratio was at its highest in in the June 2022 quarter at 910.04. The Current Ratio was at its lowest in in the June 2020 quarter at 0.

Quarterly (TTM)
Annual

Average

74.32

Median

24.13

Minimum

1.07

Maximum

223.48

Magic Empire Global Limited (MEGL) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Magic Empire Global 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 = 20.74%

Maximum Annual Current Ratio = 223.48

Minimum Annual Increase = -87.89%

Minimum Annual Current Ratio = 1.07

Quarterly (TTM)
Annual
YearCurrent RatioChange
202324.13-78.84%
2022114.04-48.97%
2021223.4820.74%
20201.07-87.89%

Magic Empire Global Limited (MEGL) Average Current Ratio

How has MEGL Current Ratio performed in the past?

The current Current Ratio of Magic Empire Global Limited (MEGL) 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

120.55

5-year avg

74.32

10-year avg

74.32

Magic Empire Global Limited (MEGL) Current Ratio vs. Peers

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

Magic Empire Global Limited’s Current Ratio is greater than Greenhill & Co., Inc. (1.89), greater than Netcapital Inc. (0.33), greater than Applied Digital Corporation (0.08), greater than Top KingWin Ltd (2.48), greater than TOP Financial Group Limited (4.81), greater than SAI.TECH Global Corporation (17.83), greater than AGBA Acquisition Limited (0.59), greater than Mercurity Fintech Holding Inc. (1.93), greater than Lazard Ltd (3.88),

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