Digital Hollywood Interactive has a Cash Ratio of 2.44. 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 Digital Hollywood Interactive's Cash Ratio or its related term are showing as below:
HKSE:02022'
s Cash Ratio Range Over the Past 10 Years
Min: 0.52 Med: 2.62 Max: 3.47
Current: 2.44
During the past 10 years, Digital Hollywood Interactive's highest Cash Ratio was 3.47. The lowest was 0.52. And the median was 2.62.
HKSE:02022's Cash Ratio is ranked better than 72.57% of 576
companies
in the Interactive Media industry
Industry Median: 1.17
vs HKSE:02022: 2.44
Digital Hollywood Interactive 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 Digital Hollywood Interactive's Cash Ratio
For the Electronic Gaming & Multimedia subindustry, Digital Hollywood Interactive'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.
Digital Hollywood Interactive's Cash Ratio Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Digital Hollywood Interactive's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Digital Hollywood Interactive's Cash Ratio falls into.
Digital Hollywood Interactive 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.
Digital Hollywood Interactive (HKSE:02022) 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.
Digital Hollywood Interactive Cash Ratio Related Terms
Thank you for viewing the detailed overview of Digital Hollywood Interactive's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Digital Hollywood Interactive Business Description
Digital Hollywood Interactive Ltd is a publisher of online games developed by third party game developers or its own. The Group licenses online games from game developers and earns game publishing service revenue by making a localised version of the licensed games and publishing them to the game players through distribution platforms, including social networking websites, online application stores, webbased and mobile game portals in certain countries and regions, including the Group's websites. The games licensed to the Group are operated under a free-to-play model whereby game players can play the games free of charge and are charged for the purchase of Game Tokens or other virtual items via payment channels, such as the various mobile carriers and third-party internet payment systems.
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