IMAX China Holding has a Cash Ratio of 2.35. 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 IMAX China Holding's Cash Ratio or its related term are showing as below:
HKSE:01970'
s Cash Ratio Range Over the Past 10 Years
Min: 1.19 Med: 1.99 Max: 2.57
Current: 2.35
During the past 13 years, IMAX China Holding's highest Cash Ratio was 2.57. The lowest was 1.19. And the median was 1.99.
HKSE:01970's Cash Ratio is ranked better than 86.43% of 1024
companies
in the Media - Diversified industry
Industry Median: 0.56
vs HKSE:01970: 2.35
IMAX China Holding Cash Ratio Historical Data
The historical data trend for IMAX China Holding'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 IMAX China Holding's Cash Ratio
For the Entertainment subindustry, IMAX China Holding'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.
IMAX China Holding's Cash Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, IMAX China Holding's Cash Ratio distribution charts can be found below:
* The bar in red indicates where IMAX China Holding's Cash Ratio falls into.
* 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.
IMAX China Holding (HKSE:01970) 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.
IMAX China Holding Cash Ratio Related Terms
Thank you for viewing the detailed overview of IMAX China Holding's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
IMAX China Holding Inc is an investment holding company that operates in the Entertainment industry in China. The company, a subsidiary of IMAX Corporation, creates and distributes proprietary cinema presentation technology. It operates in the following segments namely Content Solutions and Technology Products and Services. Content Solutions derives revenue from a certain percentage of IMAX box office received by the studio partners for the conversion and release of Hollywood films, Chinese language films and other films to the IMAX theatre network. Technology Products and Services derives revenue from exhibitor partners through sales and sales-type lease, revenue sharing arrangements, maintenance services, and other theatre.
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