tmc Content Group AG has a Cash Ratio of 7.70. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for tmc Content Group AG's Cash Ratio or its related term are showing as below:
XTER:ERO1'
s Cash Ratio Range Over the Past 10 Years
Min: 0.85 Med: 2.43 Max: 7.7
Current: 7.7
During the past 13 years, tmc Content Group AG's highest Cash Ratio was 7.70. The lowest was 0.85. And the median was 2.43.
XTER:ERO1's Cash Ratio is ranked better than 97.65% of 1021
companies
in the Media - Diversified industry
Industry Median: 0.55
vs XTER:ERO1: 7.70
tmc Content Group AG Cash Ratio Historical Data
The historical data trend for tmc Content Group AG's Cash Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of tmc Content Group AG's Cash Ratio
For the Entertainment subindustry, tmc Content Group AG's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
tmc Content Group AG's Cash Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, tmc Content Group AG's Cash Ratio distribution charts can be found below:
* The bar in red indicates where tmc Content Group AG's Cash Ratio falls into.
tmc Content Group AG Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
tmc Content Group AG's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
tmc Content Group AG (XTER:ERO1) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
tmc Content Group AG Cash Ratio Related Terms
Thank you for viewing the detailed overview of tmc Content Group AG's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
tmc Content Group AG (XTER:ERO1) Business Description
tmc Content Group AG is operating as an active film license trading company that also operates various Telemedia channels in Germany and Austria. It owns and licenses erotic film rights, and provides films through strategic alliances on the Internet with sales partners. It also organizes pay and free TV channels and VoD services. The company has four reportable segments which are Pay and free TV, Internet and new media, Audiotex, and Other Income. The company generates the majority of its revenue from Audiotex.
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