Mobile Global Esports Inc.

Mobile Global Esports Inc.verified

MGAM

Price:

$0.01

Market Cap:

$212.37K

Mobile Global Esports Inc. operates in the esports business. It organizes and commercializes various virtual esports tournaments in India. The company was formerly known as Elite Esports, Inc. and changed its name to Mobile Global Esports Inc. in April 2021. Mobile Global Esports Inc. was founded in 2016 and is headquartered in San Clemente, California.[Read more]

Industry

Electronic Gaming & Multimedia

IPO Date

2022-07-29

Stock Exchange

NASDAQ

Ticker

MGAM

The Current Ratio as of November 2024 (TTM) for Mobile Global Esports Inc. (MGAM) is 13.28

According to Mobile Global Esports Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 13.28. This represents a change of 33.40% compared to the average of 9.96 of the last 4 quarters.

Mobile Global Esports Inc. (MGAM) Historical Current Ratio (quarterly & annually)

How has MGAM Current Ratio performed in the past?

The mean historical Current Ratio of Mobile Global Esports Inc. over the last ten years is 20.21. The current 13.28 Current Ratio has changed 6.47% with respect to the historical average. Over the past ten years (40 quarters), MGAM's Current Ratio was at its highest in in the September 2022 quarter at 51.21. The Current Ratio was at its lowest in in the June 2021 quarter at 0.

Quarterly (TTM)
Annual

Average

20.21

Median

12.02

Minimum

9.47

Maximum

39.14

Mobile Global Esports Inc. (MGAM) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Mobile Global Esports Inc. 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 = 313.36%

Maximum Annual Current Ratio = 39.14

Minimum Annual Increase = -69.30%

Minimum Annual Current Ratio = 9.47

Quarterly (TTM)
Annual
YearCurrent RatioChange
202312.02-69.30%
202239.14313.36%

Mobile Global Esports Inc. (MGAM) Average Current Ratio

How has MGAM Current Ratio performed in the past?

The current Current Ratio of Mobile Global Esports Inc. (MGAM) 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

20.21

5-year avg

20.21

10-year avg

20.21

Mobile Global Esports Inc. (MGAM) Current Ratio vs. Peers

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

Mobile Global Esports Inc.’s Current Ratio is less than Magic Empire Global Limited (23.16), greater than Motorsport Games Inc. (0.49), less than Virax Biolabs Group Limited (25.94), greater than Intelligent Living Application Group Inc. (8.70), greater than Quoin Pharmaceuticals, Ltd. (3.02),

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