The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. CTC Media's current ratio for the quarter that ended in Dec. 2015 was 5.81.
CTC Media has a current ratio of 5.81. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for CTC Media's Current Ratio or its related term are showing as below:
CTCM's Current Ratio is not ranked *
in the Media - Diversified industry.
Industry Median: 1.62 * Ranked among companies with meaningful Current Ratio only.
CTC Media Current Ratio Historical Data
The historical data trend for CTC Media's Current 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.
For the Broadcasting subindustry, CTC Media's Current Ratio, along with its competitors' market caps and Current 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.
CTC Media Current Ratio Distribution
For the Media - Diversified industry and Communication Services sector, CTC Media's Current Ratio distribution charts can be found below:
* The bar in red indicates where CTC Media's Current Ratio falls into.
CTC Media Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
CTC Media's Current Ratio for the fiscal year that ended in Dec. 2015 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.
CTC Media (NAS:CTCM) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
CTC Media Current Ratio Related Terms
Thank you for viewing the detailed overview of CTC Media's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
CTC Media Inc was incorporated in 1989 and commenced television operations in May 1994, initially broadcasting from its first owned-and-operated station in St. Petersburg to 22 cities across Russia as a superstation a single station that retransmits its signal to remote locations. In December 1996, the Company launched CTC, a national network broadcasting by satellite from its center in Moscow. The Company launched Domashny in March 2005 and acquired DTV in April 2008.Its TV channels are currently distributed by means of free-to-air terrestrial broadcasting in analog format. Its signals are broadcasted by the owned-and-operated stations and unmanned repeater transmitters according to local analog broadcast licenses and universal licenses for analog frequencies in the respective regions, as well as by its independent affiliate stations and local cable operators. In exchange for the right to broadcast its signal, the company allows its affiliates to broadcast local advertising during designated time windows, from which they derive revenues. At CTC's Domashny and DTV Networks it also pays fees to some independent affiliates of these networks for broadcasting the Domashny or DTV signal. The Company has four reportable segments: CTC Network, Domashny Network, Peretz Network, and Channel 31. The Company competes with other broadcasters and other forms of media for advertising spending, and with other broadcasters for audience share, programming rights, affiliate stations and broadcast frequencies in particular VHF frequencies in key markets. The Company has registered trademarks for the "CTC", "Domashny", "DTV" and "CTC Media" name and logo in the Russian Federation.
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