Meritage Hospitality Group Inc.

Meritage Hospitality Group Inc.verified

MHGU

Price:

$16.7

Market Cap:

$105.06M

Meritage Hospitality Group Inc. operates quick-service and casual dining restaurants. The company operates restaurants under the Wendy's, Morning Belle, Stan's Tacos, Freighters Eatery & Taproom, and Twisted Roosters brand names. As of January 2, 2022, it operated 337 restaurants in Arkansas, Connecticut, Florida, Georgia, Indiana, Massachusetts, Michigan, Missouri, Mississippi, North Carolina, South Carolina, Ohio, Oklahoma, Tennessee, Texas, and Virginia. The company was formerly known as Thomas Edison Inns, Inc. and changed its name to Meritage Hospitality Group Inc. in May 1996. Meritage Hospitality Group Inc. was incorporated in 1986 and is headquartered in Grand Rapids, Michigan.[Read more]

Industry

Restaurants

IPO Date

1999-09-27

Stock Exchange

PNK

Ticker

MHGU

The Current Ratio as of September 2024 (TTM) for Meritage Hospitality Group Inc. (MHGU) is 0.30

According to Meritage Hospitality Group Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.30. This represents a change of -4.07% compared to the average of 0.32 of the last 4 quarters.

Meritage Hospitality Group Inc. (MHGU) Historical Current Ratio (quarterly & annually)

How has MHGU Current Ratio performed in the past?

The mean historical Current Ratio of Meritage Hospitality Group Inc. over the last ten years is 0.35. The current 0.30 Current Ratio has changed 8.49% with respect to the historical average. Over the past ten years (40 quarters), MHGU's Current Ratio was at its highest in in the September 2021 quarter at 0.70. The Current Ratio was at its lowest in in the March 2020 quarter at 0.15.

Quarterly (TTM)
Annual

Average

0.35

Median

0.33

Minimum

0.21

Maximum

0.61

Meritage Hospitality Group Inc. (MHGU) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Meritage Hospitality Group 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 = 128.05%

Maximum Annual Current Ratio = 0.61

Minimum Annual Increase = -38.97%

Minimum Annual Current Ratio = 0.21

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.29-22.92%
20220.37-38.97%
20210.6125.60%
20200.49128.05%
20190.21-33.07%
20180.3229.19%
20170.25-27.59%
20160.342.86%
20150.331.22%
20140.33-23.23%

Meritage Hospitality Group Inc. (MHGU) Average Current Ratio

How has MHGU Current Ratio performed in the past?

The current Current Ratio of Meritage Hospitality Group Inc. (MHGU) 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

0.42

5-year avg

0.40

10-year avg

0.35

Meritage Hospitality Group Inc. (MHGU) Current Ratio vs. Peers

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

Meritage Hospitality Group Inc.’s Current Ratio is less than IEH Corporation (7.96), less than Noble Roman's, Inc. (0.36), less than Flanigan's Enterprises, Inc. (1.57), less than Crawford United Corporation (2.21), less than Capital Properties, Inc. (1.27),

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