Mitsubishi Electric Corporation

Mitsubishi Electric Corporationverified

MIELY

Price:

$31.72

Market Cap:

$4.73T

Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company offers turbine generators, hydraulic turbine generators, nuclear power plant and power electronics equipment, motors, transformers, circuit breakers, gas insulated switchgears, switch controls, surveillance-system control and security systems, transmission and distribution ICT systems, large display devices, locomotive and rolling stock electrical equipment, wireless and wired communications systems, network camera systems, elevators, escalators, building security and management systems, and others. It also provides programmable logic controllers, inverter...[Read more]

Industry

Electrical Equipment & Parts

IPO Date

1996-11-18

Stock Exchange

PNK

Ticker

MIELY

The Current Ratio as of September 2024 (TTM) for Mitsubishi Electric Corporation (MIELY) is 2.03

According to Mitsubishi Electric Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 2.03. This represents a change of 3.03% compared to the average of 1.97 of the last 4 quarters.

Mitsubishi Electric Corporation (MIELY) Historical Current Ratio (quarterly & annually)

How has MIELY Current Ratio performed in the past?

The mean historical Current Ratio of Mitsubishi Electric Corporation over the last ten years is 1.82. The current 2.03 Current Ratio has changed 11.10% with respect to the historical average. Over the past ten years (40 quarters), MIELY's Current Ratio was at its highest in in the June 2024 quarter at 2.03. The Current Ratio was at its lowest in in the December 2014 quarter at 1.53.

Quarterly (TTM)
Annual

Average

1.82

Median

1.86

Minimum

1.63

Maximum

1.97

Mitsubishi Electric Corporation (MIELY) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Mitsubishi Electric Corporation 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 = 6.56%

Maximum Annual Current Ratio = 1.97

Minimum Annual Increase = -0.77%

Minimum Annual Current Ratio = 1.63

Quarterly (TTM)
Annual
YearCurrent RatioChange
20241.974.88%
20231.880.15%
20221.88-0.77%
20211.890.94%
20201.871.12%
20191.854.59%
20181.773.02%
20171.721.61%
20161.693.63%
20151.636.56%

Mitsubishi Electric Corporation (MIELY) Average Current Ratio

How has MIELY Current Ratio performed in the past?

The current Current Ratio of Mitsubishi Electric Corporation (MIELY) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.91

5-year avg

1.90

10-year avg

1.82

Mitsubishi Electric Corporation (MIELY) Current Ratio vs. Peers

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

Mitsubishi Electric Corporation’s Current Ratio is greater than Legrand SA (1.67), greater than Powell Industries, Inc. (1.76), greater than RF Industries, Ltd. (0), less than Atkore Inc. (3.26), less than Tantalus Systems Holding Inc. (0), greater than Signify N.V. (0.97), greater than AFC Energy plc (1.13), less than Loop Energy Inc. (4.87), greater than Tecogen Inc. (0.87), greater than Expion360 Inc. (1.57), greater than FREYR Battery (1.37), less than Vertiv Holdings Co (6.63), greater than null (1.36),

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