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. The Walt Disney Co's Cash Ratio for the quarter that ended in Dec. 2023 was 0.23.
The Walt Disney Co has a Cash Ratio of 0.23. 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 The Walt Disney Co's Cash Ratio or its related term are showing as below:
DIS'
s Cash Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.29 Max: 0.75
Current: 0.23
During the past 13 years, The Walt Disney Co's highest Cash Ratio was 0.75. The lowest was 0.15. And the median was 0.29.
DIS's Cash Ratio is ranked worse than 69.86% of 1022
companies
in the Media - Diversified industry
Industry Median: 0.54
vs DIS: 0.23
The Walt Disney Co Cash Ratio Historical Data
The historical data trend for The Walt Disney Co'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.
* Premium members only.
The Walt Disney Co Annual Data
Trend
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Cash Ratio
0.17
0.67
0.51
0.40
0.46
The Walt Disney Co Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Cash Ratio
0.31
0.37
0.41
0.46
0.23
Competitive Comparison
For the Entertainment subindustry, The Walt Disney Co'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.
The Walt Disney Co Cash Ratio Distribution
For the Media - Diversified industry and Communication Services sector, The Walt Disney Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where The Walt Disney Co's Cash Ratio falls into.
The Walt Disney Co Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
The Walt Disney Co's Cash Ratio for the fiscal year that ended in Sep. 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.
The Walt Disney Co (NYSE:DIS) 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.
The Walt Disney Co Cash Ratio Related Terms
Thank you for viewing the detailed overview of The Walt Disney Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
The Walt Disney Co (The Walt Disney Co) Business Description
Disney operates in three global business segments: entertainment, sports, and experiences. Entertainment and experiences both benefit from franchises and characters the firm has created over the course of a century. Entertainment includes the ABC broadcast network, several cable television networks, and the Disney+ and Hulu streaming services. Within the segment, Disney also engages in movie and television production and distribution, with content licensed to movie theaters, other content providers, or, increasingly, kept in-house for use on Disney's own streaming platform and television networks. The sports segment houses ESPN and the ESPN+ streaming service. Experiences contains Disney's theme parks and vacation destinations, and also benefits from merchandise licensing.
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