BRMIF (Boat Rocker Media) Cash Ratio : 0.31 (As of Sep. 2024)

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What is Boat Rocker Media Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Boat Rocker Media's Cash Ratio for the quarter that ended in Sep. 2024 was 0.31.

Boat Rocker Media has a Cash Ratio of 0.31. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.

The historical rank and industry rank for Boat Rocker Media's Cash Ratio or its related term are showing as below:

BRMIF' s Cash Ratio Range Over the Past 10 Years
Min: 0.14 Med: 0.25 Max: 0.48
Current: 0.31

During the past 7 years, Boat Rocker Media's highest Cash Ratio was 0.48. The lowest was 0.14. And the median was 0.25.

BRMIF's Cash Ratio is ranked worse than
62.34% of 1017 companies
in the Media - Diversified industry
Industry Median: 0.55 vs BRMIF: 0.31

Boat Rocker Media Cash Ratio Historical Data

The historical data trend for Boat Rocker Media'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.

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Boat Rocker Media Cash Ratio Chart

Boat Rocker Media Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Ratio

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0.17

0.14

0.38

0.19

0.22

Boat Rocker Media Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash Ratio	Get a 7-Day Free Trial															0.23	0.22	0.31	0.48	0.31

Competitive Comparison of Boat Rocker Media's Cash Ratio

For the Entertainment subindustry, Boat Rocker Media'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.

Boat Rocker Media's Cash Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Boat Rocker Media's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Boat Rocker Media's Cash Ratio falls into.

Boat Rocker Media Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Boat Rocker Media's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	54.071	/	250.653
	=	0.22

Boat Rocker Media's Cash Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash Ratio (Q: Sep. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	54.033	/	176.432
	=	0.31

Boat Rocker Media (OTCPK:BRMIF) 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.

Boat Rocker Media Cash Ratio Related Terms

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Boat Rocker Media Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Boat Rocker Media Inc (OTCPK:BRMIF) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

9P6:Germany BRMI:Canada

Address

310 King Street East, Toronto, ON, CAN, M5A 1K6

Website

https://www.boatrocker.com

Boat Rocker Media Inc is the home for creative visionaries. An independent, integrated entertainment company, Boat Rocker's purpose is to tell stories and build iconic brands across all genres and mediums. With offices around the world, the company's creative and commercial capabilities include scripted, unscripted, kids and family television production, distribution, brand, and franchise management, a world-class animation studio, and talent management through Untitled Entertainment. Its segment includes Television, Kids and Family, Representation, and the majority of the revenue comes from Television.