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. Zinc Media Group's Cash Ratio for the quarter that ended in Jun. 2023 was 0.40.
Zinc Media Group has a Cash Ratio of 0.40. 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 Zinc Media Group's Cash Ratio or its related term are showing as below:
FRA:YE42'
s Cash Ratio Range Over the Past 10 Years
Min: 0.11 Med: 0.35 Max: 0.84
Current: 0.4
During the past 13 years, Zinc Media Group's highest Cash Ratio was 0.84. The lowest was 0.11. And the median was 0.35.
FRA:YE42's Cash Ratio is ranked worse than 57.97% of 1023
companies
in the Media - Diversified industry
Industry Median: 0.54
vs FRA:YE42: 0.40
Zinc Media Group Cash Ratio Historical Data
The historical data trend for Zinc Media Group'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.
Zinc Media Group Annual Data
Trend
Mar11
Mar12
Mar13
Jun15
Jun16
Jun17
Jun18
Jun19
Dec21
Dec22
Cash Ratio
0.54
0.52
0.36
0.53
0.34
Zinc Media Group Semi-Annual Data
Mar13
Sep13
Mar14
Dec14
Jun15
Dec15
Jun16
Dec16
Jun17
Dec17
Jun18
Dec18
Jun19
Dec19
Jun20
Jun21
Dec21
Jun22
Dec22
Jun23
Cash Ratio
0.84
0.53
0.34
0.34
0.40
Competitive Comparison
For the Entertainment subindustry, Zinc Media 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.
Zinc Media Group Cash Ratio Distribution
For the Media - Diversified industry and Communication Services sector, Zinc Media Group's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Zinc Media Group's Cash Ratio falls into.
Zinc Media 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.
Zinc Media Group's Cash Ratio for the fiscal year that ended in Dec. 2022 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.
Zinc Media Group (FRA:YE42) 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.
Zinc Media Group Cash Ratio Related Terms
Thank you for viewing the detailed overview of Zinc Media Group's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Zinc Media Group PLC is a multimedia producer of TV programming with publishing and communications content. The activities undertaken by the TV segment include the production of television content. The Content Production segment includes brand and corporate film production, radio and podcast production and publishing. The majority of its revenue is earned from TV production. The Group comprises twelve businesses that operate in two areas: television production (Tern TV, Brook Lapping, Red Sauce, Supercollider, Rex, Bumblebee and Atomic TV) and content production for brands and businesses (The Edge and the Zinc Communicate businesses in Brand Entertainment, Audio, Corporate Film and Publishing). Geographically, the majority is from the United Kingdom.
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