Mirvac Group

Mirvac Groupverified

MGR.AX

Price:

$1.92

Market Cap:

$7.57B

Mirvac is an Australian property group with a clearly defined purpose to reimagine urban life. By creating beautiful homes, inspiring workplace precincts and thriving shopping centres, we aim to make a positive contribution to our cities and communities. Mirvac was founded in 1972, which means we've been shaping Australia's urban landscape for almost fifty years. Of course, we've evolved a lot over that time growing from a small joint venture to become a thriving ASX-listed property group that leads the way in innovation, sustainability and placemaking. Renowned for the quality of our products, we've created some of Australia's most iconic places and precincts, from thriving masterplanned co...[Read more]

Industry

REIT - Office

IPO Date

1992-08-03

Stock Exchange

ASX

Ticker

MGR.AX

The Current Ratio as of December 2024 (TTM) for Mirvac Group (MGR.AX) is 1.50

According to Mirvac Group’s latest financial reports and current stock price. The company's current Current Ratio is 1.50. This represents a change of -10.54% compared to the average of 1.68 of the last 4 quarters.

Mirvac Group (MGR.AX) Historical Current Ratio (quarterly & annually)

How has MGR.AX Current Ratio performed in the past?

The mean historical Current Ratio of Mirvac Group over the last ten years is 1.23. The current 1.50 Current Ratio has changed 12.08% with respect to the historical average. Over the past ten years (40 quarters), MGR.AX's Current Ratio was at its highest in in the June 2009 quarter at 2.66. The Current Ratio was at its lowest in in the March 2009 quarter at 0.

Quarterly (TTM)
Annual

Average

1.23

Median

1.11

Minimum

0.92

Maximum

1.75

Mirvac Group (MGR.AX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Mirvac Group 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 = 68.58%

Maximum Annual Current Ratio = 1.75

Minimum Annual Increase = -44.51%

Minimum Annual Current Ratio = 0.92

Quarterly (TTM)
Annual
YearCurrent RatioChange
20241.50-13.99%
20231.7568.58%
20221.04-21.54%
20211.32-8.41%
20201.4426.45%
20191.146.15%
20181.07-1.26%
20171.0918.13%
20160.92-13.10%
20151.06-44.51%

Mirvac Group (MGR.AX) Average Current Ratio

How has MGR.AX Current Ratio performed in the past?

The current Current Ratio of Mirvac Group (MGR.AX) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.43

5-year avg

1.41

10-year avg

1.23

Mirvac Group (MGR.AX) Current Ratio vs. Peers

How is MGR.AX’s Current Ratio compared to its peers?

Mirvac Group’s Current Ratio is less than Stockland (1.70), greater than The GPT Group (0.46), greater than Dexus (0.95), greater than Lendlease Group (1.07), less than Goodman Group (1.77),

CompanyCurrent RatioMarket cap
1.70$11.58B
0.46$8.52B
0.95$7.26B
1.07$4.29B
1.77$69.52B

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