MCAN Mortgage Corporation

MCAN Mortgage Corporationverified

MKP.TO

Price:

$18.1

Market Cap:

$696.18M

MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company offers single-family residential mortgages, as well as residential construction, non-residential construction, and commercial loans, as well as engages in the real estate investments trusts and private investment activities. It also provides term deposits through a network of independent financial agents. The company was formerly known as MCAP Inc. and changed its name to MCAN Mortgage Corporation in September 2006. MCAN Mortgage Corporation was founded in 1980 and is headquartered in Toronto, Canada.[Read more]

Industry

Financial - Mortgages

IPO Date

1996-08-13

Stock Exchange

TSX

Ticker

MKP.TO

The Current Ratio as of November 2024 (TTM) for MCAN Mortgage Corporation (MKP.TO) is 3.89

According to MCAN Mortgage Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 3.89. This represents a change of -88.86% compared to the average of 34.87 of the last 4 quarters.

MCAN Mortgage Corporation (MKP.TO) Historical Current Ratio (quarterly & annually)

How has MKP.TO Current Ratio performed in the past?

The mean historical Current Ratio of MCAN Mortgage Corporation over the last ten years is 167.09. The current 3.89 Current Ratio has changed 132.52% with respect to the historical average. Over the past ten years (40 quarters), MKP.TO's Current Ratio was at its highest in in the June 2018 quarter at 4.47K. The Current Ratio was at its lowest in in the September 2019 quarter at 0.

Quarterly (TTM)
Annual

Average

167.09

Median

7.68

Minimum

0.11

Maximum

1.21K

MCAN Mortgage Corporation (MKP.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of MCAN Mortgage 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 = 5.23%

Maximum Annual Current Ratio = 1.21K

Minimum Annual Increase = -97.89%

Minimum Annual Current Ratio = 0.11

Quarterly (TTM)
Annual
YearCurrent RatioChange
2023103.892.52%
20223.96-97.89%
2021188.01-84.50%
20201.21K708.06%
2019150.101.22%
201811.405.23%
20170.218.72%
20160.2038.85%
20150.1425.65%
20140.11-80.49%

MCAN Mortgage Corporation (MKP.TO) Average Current Ratio

How has MKP.TO Current Ratio performed in the past?

The current Current Ratio of MCAN Mortgage Corporation (MKP.TO) 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

98.62

5-year avg

331.77

10-year avg

167.09

MCAN Mortgage Corporation (MKP.TO) Current Ratio vs. Peers

How is MKP.TO’s Current Ratio compared to its peers?

MCAN Mortgage Corporation’s Current Ratio is greater than Timbercreek Financial Corp. (0), greater than Atrium Mortgage Investment Corporation (0), greater than Firm Capital Mortgage Investment Corporation (0), greater than First National Financial Corporation (0), greater than Fiera Capital Corporation (1.39),

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