Mexico Equity & Income Fund Inc.

Mexico Equity & Income Fund Inc.verified

MXE

Price:

$9.09

Market Cap:

$40.00M

Mexico Equity & Income Fund Inc. is a closed ended balanced mutual fund launched and managed by Pichardo Asset Management, S.A. de C.V. The fund invests in the fixed income and public equity markets of Mexico. It also invests some portion in the convertible securities. The fund invests in the stocks of companies operating across diversified sectors. It benchmarks the performance of its portfolio against the Mexbol and MSCI Mexico Index. Mexico Equity & Income Fund Inc. was formed on May 24, 1990 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

1990-08-15

Stock Exchange

NYSE

Ticker

MXE

The Current Ratio as of September 2024 (TTM) for Mexico Equity & Income Fund Inc. (MXE) is 0.76

According to Mexico Equity & Income Fund Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.76. This represents a change of -24.39% compared to the average of 1.01 of the last 4 quarters.

Mexico Equity & Income Fund Inc. (MXE) Historical Current Ratio (quarterly & annually)

How has MXE Current Ratio performed in the past?

The mean historical Current Ratio of Mexico Equity & Income Fund Inc. over the last ten years is 1.09. The current 0.76 Current Ratio has changed 6.89% with respect to the historical average. Over the past ten years (40 quarters), MXE's Current Ratio was at its highest in in the January 2018 quarter at 18.55. The Current Ratio was at its lowest in in the July 2022 quarter at 0.00.

Quarterly (TTM)
Annual

Average

1.09

Median

0.94

Minimum

0.00

Maximum

3.21

Mexico Equity & Income Fund Inc. (MXE) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Mexico Equity & Income Fund 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 = 49.07%

Maximum Annual Current Ratio = 3.21

Minimum Annual Increase = -99.80%

Minimum Annual Current Ratio = 0.00

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.2649.07%
20220.00-99.80%
20211.3016.80%
20201.11-65.31%
20193.21320.72%
20180.7631.57%
20170.58-20.28%
20160.7324.92%
20150.58-57.80%
20141.38-47.43%

Mexico Equity & Income Fund Inc. (MXE) Average Current Ratio

How has MXE Current Ratio performed in the past?

The current Current Ratio of Mexico Equity & Income Fund Inc. (MXE) 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

0.85

5-year avg

1.38

10-year avg

1.09

Mexico Equity & Income Fund Inc. (MXE) Current Ratio vs. Peers

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

Mexico Equity & Income Fund Inc.’s Current Ratio is greater than The Korea Fund, Inc. (0), greater than Western Asset Global High Income Fund Inc. (0.10), greater than The New Germany Fund, Inc. (0), greater than MFS Charter Income Trust (0.08), less than Nuveen Core Plus Impact Fund (16.43), greater than PIMCO New York Municipal Income Fund III (0), greater than BlackRock MuniHoldings Quality Fund II, Inc. (0.10), less than Nuveen Pennsylvania Quality Municipal Income Fund (2.89), less than Eaton Vance New York Municipal Bond Fund (2.34), greater than PIMCO New York Municipal Income Fund (0), greater than Neuberger Berman Municipal Fund Inc. (0), less than Invesco Trust for Investment Grade New York Municipals (3.16), less than Eaton Vance New York Municipal Income Trust (17.31), greater than Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (0), greater than The New America High Income Fund Inc. (0), less than Eagle Point Credit Company Inc. (2.98), greater than Nuveen Real Asset Income and Growth Fund (0), less than The Central and Eastern Europe Fund, Inc. (1.11), less than The Taiwan Fund, Inc. (95.87), greater than The European Equity Fund, Inc. (0), greater than Abrdn Japan Equity Fund Inc (0.13),

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