SONG (Music Licensing) Cash-to-Debt : 0.00 (As of Jun. 2024)

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What is Music Licensing Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Music Licensing's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.00.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Music Licensing couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Music Licensing's Cash-to-Debt or its related term are showing as below:

During the past 3 years, Music Licensing's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was No Debt.

SONG's Cash-to-Debt is not ranked ^*
in the Media - Diversified industry.
Industry Median: 1.285
* Ranked among companies with meaningful Cash-to-Debt only.

Music Licensing Cash-to-Debt Historical Data

The historical data trend for Music Licensing's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Music Licensing Cash-to-Debt Chart

Music Licensing Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Music Licensing Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	-	-	-	-

Competitive Comparison of Music Licensing's Cash-to-Debt

For the Entertainment subindustry, Music Licensing's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Music Licensing's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Music Licensing's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Music Licensing's Cash-to-Debt falls into.

Music Licensing Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Music Licensing's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0	/	(0	+	12.309)
	=	0.00

Music Licensing's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.01	/	(0	+	17.315)
	=	0.00

Music Licensing (OTCPK:SONG) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Music Licensing Cash-to-Debt Related Terms

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Music Licensing Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Music Licensing Inc (OTCPK:SONG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3811 Airport Pulling Rd N, Suite 203, Naples, FL, USA, 34105-2512

Website

https://www.promusicrights.com

Music Licensing Inc is an operator of public performance rights organization. The group is a music performing rights organization that represents songwriters, composers, and music publishers and issues public performance licenses to businesses. Its customers include television and radio stations, internet/streaming services and mobile technologies, Satellite audio services like XM and Sirius, nightclubs, restaurants, bars, and other venues.