Miss Grand International PCL has a Cash Ratio of 2.60. 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 Miss Grand International PCL's Cash Ratio or its related term are showing as below:
BKK:MGI'
s Cash Ratio Range Over the Past 10 Years
Min: 0.13 Med: 1.53 Max: 38.52
Current: 2.6
During the past 6 years, Miss Grand International PCL's highest Cash Ratio was 38.52. The lowest was 0.13. And the median was 1.53.
BKK:MGI's Cash Ratio is ranked better than 88.17% of 1023
companies
in the Media - Diversified industry
Industry Median: 0.55
vs BKK:MGI: 2.60
Miss Grand International PCL Cash Ratio Historical Data
* 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 Miss Grand International PCL's Cash Ratio
For the Entertainment subindustry, Miss Grand International PCL'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.
Miss Grand International PCL's Cash Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Miss Grand International PCL's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Miss Grand International PCL's Cash Ratio falls into.
Miss Grand International PCL Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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.
Miss Grand International PCL (BKK:MGI) 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.
Miss Grand International PCL Cash Ratio Related Terms
Thank you for viewing the detailed overview of Miss Grand International PCL's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Miss Grand International PCL (BKK:MGI) Business Description
Miss Grand International PCL operates a commerce business that provides the selling of products and services through experiential activities such as Beauty and Entertainment, which are Beauty Pageant Platforms named Miss Grand Thailand Pageant (National Pageant Platform) and Miss Grand International Pageant (International Pageant Platform)including other media contents and entertainment activities. The company sells the products in several distribution channels, both retail and wholesale, The MGI, and other partner products. The company earns revenue from selling beauty pageants, entertainment businesses, consumer products, consumption products, and other products and services. The company earns the majority of its revenue from the entertainment business.
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