Magnis Energy Technologies Limited

Magnis Energy Technologies Limitedverified

MNS.AX

Price:

$0.042

Market Cap:

$50.38M

Magnis Energy Technologies Limited engages in the exploration and development of mineral properties in the United States, Australia, and Tanzania. It primarily explores for natural flake graphite used in batteries for storing electrical energy. The company holds a 100% interest in the Nachu graphite project located in south-east Tanzania. It also engages in the lithium-ion battery investments. The company was formerly known as Magnis Resources Limited and changed its name to Magnis Energy Technologies Limited in November 2018. Magnis Energy Technologies Limited was incorporated in 2005 and is based in Sydney, Australia.[Read more]

Industry

Electrical Equipment & Parts

IPO Date

2005-10-25

Stock Exchange

ASX

Ticker

MNS.AX

The Current Ratio as of December 2024 (TTM) for Magnis Energy Technologies Limited (MNS.AX) is 0.20

According to Magnis Energy Technologies Limited’s latest financial reports and current stock price. The company's current Current Ratio is 0.20. This represents a change of -83.64% compared to the average of 1.24 of the last 4 quarters.

Magnis Energy Technologies Limited (MNS.AX) Historical Current Ratio (quarterly & annually)

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

The mean historical Current Ratio of Magnis Energy Technologies Limited over the last ten years is 7.58. The current 0.20 Current Ratio has changed 168.07% with respect to the historical average. Over the past ten years (40 quarters), MNS.AX's Current Ratio was at its highest in in the June 2021 quarter at 23.64. The Current Ratio was at its lowest in in the September 2023 quarter at 0.20.

Quarterly (TTM)
Annual

Average

7.58

Median

5.26

Minimum

0.73

Maximum

23.64

Magnis Energy Technologies Limited (MNS.AX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Magnis Energy Technologies Limited 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 = 3.16%

Maximum Annual Current Ratio = 23.64

Minimum Annual Increase = -88.10%

Minimum Annual Current Ratio = 0.73

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.28-88.10%
202219.15-19.00%
202123.643.16%
20200.73-86.65%
20195.44276.38%
20181.44-74.75%
20175.72-46.41%
201610.67563.51%
20151.61-68.35%
20145.08114.50%

Magnis Energy Technologies Limited (MNS.AX) Average Current Ratio

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

The current Current Ratio of Magnis Energy Technologies Limited (MNS.AX) 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

15.02

5-year avg

10.25

10-year avg

7.58

Magnis Energy Technologies Limited (MNS.AX) Current Ratio vs. Peers

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

Magnis Energy Technologies Limited’s Current Ratio is less than Renascor Resources Limited (50.60), less than Lake Resources NL (1.36), less than Core Lithium Ltd (2.63), less than Talga Group Ltd (3.16), less than Syrah Resources Limited (4.55),

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