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. Entertainment Network (India)'s Cash Ratio for the quarter that ended in Dec. 2023 was 0.00.
Entertainment Network (India) has a Cash Ratio of 0.00. 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 Entertainment Network (India)'s Cash Ratio or its related term are showing as below:
BOM:532700'
s Cash Ratio Range Over the Past 10 Years
Min: 0.44 Med: 1.4 Max: 4.71
Current: 1.82
During the past 13 years, Entertainment Network (India)'s highest Cash Ratio was 4.71. The lowest was 0.44. And the median was 1.40.
BOM:532700's Cash Ratio is ranked better than 81.92% of 1023
companies
in the Media - Diversified industry
Industry Median: 0.54
vs BOM:532700: 1.82
Entertainment Network (India) Cash Ratio Historical Data
The historical data trend for Entertainment Network (India)'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.
For the Broadcasting subindustry, Entertainment Network (India)'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.
Entertainment Network (India) Cash Ratio Distribution
For the Media - Diversified industry and Communication Services sector, Entertainment Network (India)'s Cash Ratio distribution charts can be found below:
* The bar in red indicates where Entertainment Network (India)'s Cash Ratio falls into.
Entertainment Network (India) Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Entertainment Network (India)'s Cash Ratio for the fiscal year that ended in Mar. 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.
Entertainment Network (India) (BOM:532700) 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.
Entertainment Network (India) Cash Ratio Related Terms
Thank you for viewing the detailed overview of Entertainment Network (India)'s Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Entertainment Network (India) (BOM:532700) Business Description
Entertainment Network (India) Ltd is a radio broadcasting company. Its stations are Yo Punjabi Mirchi (Punjabi), Mirchi Tapaka (Telugu), Mirchi Top Takkar (Tamil), Wakao (cool Hindi retro), Mirchi Mehfil (Ghazals) and Mirchi Top 20. It has its FM radio stations under the brand name Radio Mirchi at various places in India. Mirchi streams around 16 online stations on the Gaana.com platform. The company provides radio advertising services and Media Solutions to clients. The firm classifies its Media Solutions as under Branded Solutions that provides various branded services which include Concerts, Award Shows, On-Air properties, Brand Licensing, Multimedia, and Digital services. Managed Solutions provides services to manage the intellectual properties, activities, or events of Clients.
Entertainment Network (India) (BOM:532700) Headlines
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