YH Entertainment Group has a Cash Ratio of 2.64. 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 YH Entertainment Group's Cash Ratio or its related term are showing as below:
HKSE:02306'
s Cash Ratio Range Over the Past 10 Years
Min: 1.22 Med: 1.75 Max: 2.64
Current: 2.64
During the past 5 years, YH Entertainment Group's highest Cash Ratio was 2.64. The lowest was 1.22. And the median was 1.75.
HKSE:02306's Cash Ratio is ranked better than 88.49% of 1025
companies
in the Media - Diversified industry
Industry Median: 0.55
vs HKSE:02306: 2.64
* 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 YH Entertainment Group's Cash Ratio
For the Entertainment subindustry, YH Entertainment Group'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.
YH Entertainment Group's Cash Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, YH Entertainment Group's Cash Ratio distribution charts can be found below:
* The bar in red indicates where YH Entertainment Group's Cash Ratio falls into.
YH Entertainment Group Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
YH Entertainment Group's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
YH Entertainment Group (HKSE:02306) 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.
YH Entertainment Group Cash Ratio Related Terms
Thank you for viewing the detailed overview of YH Entertainment Group's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
YH Entertainment Group (HKSE:02306) Business Description
YH Entertainment Group is an artist management company in China. The company has grown into a cultural and entertainment platform comprising three complementary business segments artist management, music IP production and operation, and pan-entertainment business. The artist management business, provides services to customers, including corporate customers, media platforms, content producers, and advertising agencies, by arranging for managed artists to participate in commercial activities and perform in movies, drama series, and a variety of programs. With the music IP production and operation business, the company licenses the music IPs in the library to music streaming platforms and other music service providers for licensing fees and sells digital and physical copies of music IPs.
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