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The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Pandora Media's quick ratio for the quarter that ended in Sep. 2018 was 2.51.
Pandora Media has a quick ratio of 2.51. It generally indicates good short-term financial strength.
The historical rank and industry rank for Pandora Media's Quick Ratio or its related term are showing as below:
The historical data trend for Pandora Media's Quick 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.
Pandora Media Annual Data | |||||||||||||||||||
Trend | Jan09 | Jan10 | Jan11 | Jan12 | Jan13 | Dec14 | Dec15 | Dec16 | Dec17 | ||||||||||
Quick Ratio | Get a 7-Day Free Trial | 1.71 | 3.94 | 2.95 | 2.46 | 4.03 |
Pandora Media Quarterly Data | ||||||||||||||||||||
Oct13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | |
Quick Ratio | Get a 7-Day Free Trial | 4.18 | 4.03 | 3.62 | 2.73 | 2.51 |
For the Broadcasting subindustry, Pandora Media's Quick Ratio, along with its competitors' market caps and Quick 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.
For the Media - Diversified industry and Communication Services sector, Pandora Media's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Pandora Media's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Pandora Media's Quick Ratio for the fiscal year that ended in Dec. 2017 is calculated as
Quick Ratio (A: Dec. 2017 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (912.164 | - | 0) | / | 226.281 | |
= | 4.03 |
Pandora Media's Quick Ratio for the quarter that ended in Sep. 2018 is calculated as
Quick Ratio (Q: Sep. 2018 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (818.952 | - | 0) | / | 325.992 | |
= | 2.51 |
* 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.
Pandora Media (NYSE:P) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Thank you for viewing the detailed overview of Pandora Media's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Gregory B Maffei | director | 12300 LIBERTY BLVD, ENGLEWOOD CO 80112 |
Karen Sammis Walker | officer: Chief Accounting Officer | 2101 WEBSTER STREET, #1650, OAKLAND CA 94612 |
S Aimee Lapic | officer: Chief Marketing Officer | 2101 WEBSTER ST #1650, OAKLAND CA 94612 |
Michael Lynton | director | 2000 AVENUE OF THE STARS 12TH FL, LOS ANGELES CA 90067 |
David J Frear | director | 1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020 |
Naveen K. Chopra | officer: Chief Financial Officer | C/O 2160 GOLD STREET, SAN JOSE CA 95002 |
Stephen G Bene | officer: General Counsel & Secretary | C/O ELECTRONIC ARTS INC., 209 REDWOOD SHORES PARKWAY, REDWOOD CITY CA 94065 |
James E Meyer | director | 6922 HOLLYWOOD BLVD., 12TH FLOOR, LOS ANGELES CA 90028 |
Roger Lynch | director, officer: CEO & President | PANDORA MEDIA, INC., 2101 WEBSTER STREET, SUITE 1650, OAKLAND CA 94612 |
Liberty Media Corp | director, 10 percent owner | 12300 LIBERTY BOULEVARD, ENGLEWOOD CO 80112 |
Elizabeth A Nelson | director | MACROMEDIA/ 600 TOWNSEND ST, SAN FRANCISCO CA 94103 |
Peter C Gotcher | director | |
James Feuille | director | TWO EMBARCADERO, SUITE 2200, SAN FRANCISCO CA 94111 |
Peter Chernin | director | 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036 |
Crosslink Capital Inc | other: Affiliate of Director | 2180 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025 |
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