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Magna International Inc  (MGA)
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Magna International Inc's Quick Ratio

MGA's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Regardless of the sequential decrease in Current Liabilities, during the forth quarter 2019, Quick Ratio deteriorated to 0.15 above company average Quick Ratio.

Within Auto & Truck Parts industry 33 other companies have achieved higher Quick Ratio than Magna International Inc in forth quarter 2019. While Quick Ratio total ranking has improved so far during the IV Quarter 2019 to 3783, from total ranking in the third quarter 2019 at 3826.

Explain Quick Ratio?
How much Cash & cash equivalents MGA´s has?
What are MGA´s Current Liabilities?


MGA Quick Ratio (Dec 31 2019)
IV. Quarter
0
III. Quarter
0
II. Quarter
0
I. Quarter
(Dec 31 2018)
IV. Quarter
Y / Y Current Liabilities Change -17.23 % -17.23 % -17.23 % -17.23 % 12.38 %
Y / Y Cash & cash equivalent Change 86.55 % 86.55 % 86.55 % 86.55 % -5.79 %
Quick Ratio MRQ 0.15 0.15 0.15 0.15 0.07
MGA's Total Ranking # 3783 # 3826 # 3826 # 3790 # 4428
Seq. Current Liabilities Change 0 % 0 % 0 % -17.23 % 0 %
Seq. Cash & cash equivalent Change 0 % 0 % 0 % 86.55 % 0 %



Quick Ratio forth quarter 2019 Company Ranking
Within: No.
Auto & Truck Parts Industry # 34
Consumer Discretionary Sector # 131
Overall Market # 3783


Quick Ratio Statistics
High Average Low
0.15 0.1 0.07
(Dec 31 2019)   (Dec 31 2018)




Financial Statements
Magna International Inc's Current Liabilities $ 8,529 Millions Visit MGA's Balance sheet
Magna International Inc's Cash & cash equivalent $ 1,276 Millions Visit MGA's Balance sheet
Source of MGA's Sales Visit MGA's Sales by Geography


Cumulative Magna International Inc's Quick Ratio

MGA's Quick Ratio for the trailling 12 Months

MGA Quick Ratio

(Dec 31 2019)
IV. Quarter
0
III. Quarter
0
II. Quarter
0
I. Quarter
(Dec 31 2018)
IV. Quarter
Y / Y Current Liabilities TTM Growth -17.23 % -17.23 % -17.23 % -17.23 % 12.38 %
Y / Y Cash & cash equivalent TTM Growth 86.55 % 86.55 % 86.55 % 86.55 % -5.79 %
Quick Ratio TTM 0.15 0.13 0.1 0.08 0.07
Total Ranking TTM # 5160 # 5176 # 3729 # 0 # 3968
Seq. Current Liabilities TTM Growth 0 % 0 % 0 % -17.23 % 0 %
Seq. Cash & cash equivalent TTM Growth 0 % 0 % 0 % 86.55 % 0 %


On the trailing twelve months basis MGA Cash & cash equivalent soared by 86.55 % in IV Quarter 2019 year on year, while Current Liabilities remained unchanged to $8,529 millions, this led to increase in in Magna International Inc's Quick Ratio to 0.15, above MGA average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Auto & Truck Parts industry 58 other companies have achieved higher Quick Ratio than Magna International Inc. While Quick Ratio overall ranking has improved so far to 5160, from total ranking during the twelve months ending third quarter 2019 at 5176.

Explain Quick Ratio?
How much Cash & cash equivalents MGA´s has?
What are MGA´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Auto & Truck Parts Industry # 59
Consumer Discretionary Sector # 200
Within the Market # 5160


trailing twelve months Quick Ratio Statistics
High Average Low
0.15 0.1 0.07
(Dec 31 2019)   (Dec 31 2018)




Companies with similar Quick Ratio in the quarter ending Dec 31 2019, within Auto & Truck Parts Industry Quick RatioDec 31 2019 MRQ Cash & cash equivalentDec 31 2019 MRQ Current Liabilities
Superior Industries International Inc   0.41 $ 77.927  Millions$ 191.115  Millions
Commercial Vehicle Group Inc   0.40 $ 39.511  Millions$ 98.987  Millions
Lydall Inc  0.40 $ 51.331  Millions$ 129.858  Millions
China Automotive Systems inc   0.37 $ 112.228  Millions$ 303.774  Millions
Borgwarner Inc   0.36 $ 832.000  Millions$ 2,329.000  Millions
Gentherm Incorporated  0.32 $ 50.443  Millions$ 156.704  Millions
Lear Corp  0.32 $ 1,487.700  Millions$ 4,666.200  Millions
Dorman Products Inc   0.31 $ 68.353  Millions$ 220.502  Millions
Leatt Corporation  0.30 $ 2.131  Millions$ 7.086  Millions
Dana Inc   0.29 $ 527.000  Millions$ 1,803.000  Millions
Harley davidson Inc   0.28 $ 898.422  Millions$ 3,196.772  Millions
Lkq Corporation  0.24 $ 523.020  Millions$ 2,178.512  Millions
Bwx Technologies Inc   0.23 $ 92.383  Millions$ 404.709  Millions
Tpi Composites Inc   0.19 $ 71.274  Millions$ 373.881  Millions
Autoliv Inc   0.18 $ 444.700  Millions$ 2,410.200  Millions
Makingorg Inc   0.17 $ 0.094  Millions$ 0.557  Millions
Delphi Technologies Plc  0.16 $ 191.000  Millions$ 1,223.000  Millions
Magna International Inc  0.15 $ 1,276.000  Millions$ 8,529.000  Millions
Lci Industries  0.14 $ 35.359  Millions$ 249.565  Millions
Garrett Motion Inc   0.14 $ 187.000  Millions$ 1,323.000  Millions
Tenneco Inc  0.13 $ 564.000  Millions$ 4,299.000  Millions
Meritor Inc.  0.11 $ 108.000  Millions$ 982.000  Millions
Aptiv Plc  0.11 $ 428.000  Millions$ 4,054.000  Millions
Horizon Global Corp  0.09 $ 11.770  Millions$ 131.610  Millions
Modine Manufacturing Co  0.08 $ 36.200  Millions$ 474.200  Millions
Briggs and Stratton Corporation  0.08 $ 42.230  Millions$ 557.301  Millions
Regi U S Inc  0.07 $ 0.105  Millions$ 1.451  Millions
Cummins Inc   0.05 $ 341.000  Millions$ 6,260.000  Millions
Unique Fabricating Inc   0.04 $ 0.650  Millions$ 15.375  Millions
Sorl Auto Parts Inc   0.04 $ 23.408  Millions$ 556.311  Millions

Date modified: 2023-03-23T16:49:03+00:00



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