Meadowbrook Insurance Group (MIG)
Create an AlertMeadowbrook Insurance Group Current Ratio:
17.98 for March 31, 2013Meadowbrook Insurance Group Historical Current Ratio Data
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| Data for this Date Range | |
|---|---|
| March 31, 2013 | 17.98 |
| Dec. 31, 2012 | 23.78 |
| Sept. 30, 2012 | 4.049 |
| June 30, 2012 | 3.867 |
| March 31, 2012 | 3.917 |
| Dec. 31, 2011 | 6.756 |
| Sept. 30, 2011 | 4.126 |
| June 30, 2011 | 3.929 |
| March 31, 2011 | 3.739 |
| Dec. 31, 2010 | 4.108 |
| Sept. 30, 2010 | 3.818 |
| June 30, 2010 | 3.767 |
| March 31, 2010 | 3.889 |
| Dec. 31, 2009 | 4.150 |
| Sept. 30, 2009 | 4.583 |
| June 30, 2009 | 4.234 |
| March 31, 2009 | 4.496 |
| Dec. 31, 2008 | 3.843 |
| Sept. 30, 2008 | 4.823 |
| June 30, 2008 | 1.997 |
| March 31, 2008 | Go Pro |
| Dec. 31, 2007 | Go Pro |
| Sept. 30, 2007 | Go Pro |
| June 30, 2007 | Go Pro |
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| Dec. 31, 2000 | Go Pro |
About Current Ratio
The current ratio measures a company's ability to pay short-term debts and other current liabilities (financial obligations lasting less than one year) by comparing current assets to current liabilities. The ratio illustrates a company's ability to remain solvent.
A current ratio of one means that book value of current assets is exactly the same as book value of current liabilities. In general, investors look for a company with a current ratio of 2:1, meaning current assets twice as large as current liabilities. A current ratio less than one indicates the company might have problems meeting short-term financial obligations. If the ratio is too high, the company may not be efficiently using its current assets or short term financing facilities.
Other similar solvency ratios include :
Cash Ratio - Measures the amount of cash that can be used to pay liabilities (most strict)
Quick Ratio - Measures the amount of cash, short term equivalents, and accounts receivables that can be used to pay liabilities (more lenient than cash ratio, but stricter than current ratio)
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MIG Current Ratio Benchmarks
| Companies | |
|---|---|
| ACE | 0.7745 |
| Axis Capital | 8.800 |
| Allied World Assurance Company | 9.528 |
MIG Current Ratio Rankings
| Overall |
97th percentile 419 of 16782 |
| Sector |
90th percentile 198 of 2012 in Financial Services |
| Industry |
84th percentile 14 of 88 in Insurance - Property & Casualty |
MIG Current Ratio Range, Past 5 Years
| Minimum | 1.997 | Jun 2008 |
| Maximum | 23.78 | Dec 2012 |
| Average | 5.792 |
