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. China Digital Video Holdings's Cash Ratio for the quarter that ended in Sep. 2023 was 0.34.
China Digital Video Holdings has a Cash Ratio of 0.34. 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 China Digital Video Holdings's Cash Ratio or its related term are showing as below:
HKSE:08280'
s Cash Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.27 Max: 1.09
Current: 0.34
During the past 8 years, China Digital Video Holdings's highest Cash Ratio was 1.09. The lowest was 0.04. And the median was 0.27.
HKSE:08280's Cash Ratio is ranked worse than 61.09% of 1023
companies
in the Media - Diversified industry
Industry Median: 0.54
vs HKSE:08280: 0.34
China Digital Video Holdings Cash Ratio Historical Data
The historical data trend for China Digital Video Holdings'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 Entertainment subindustry, China Digital Video Holdings'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.
China Digital Video Holdings Cash Ratio Distribution
For the Media - Diversified industry and Communication Services sector, China Digital Video Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where China Digital Video Holdings's Cash Ratio falls into.
China Digital Video Holdings Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
China Digital Video Holdings's Cash Ratio for the fiscal year that ended in Dec. 2020 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.
China Digital Video Holdings (HKSE:08280) 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.
China Digital Video Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of China Digital Video Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
China Digital Video Holdings (HKSE:08280) Business Description
China Digital Video Holdings Ltd is an investment holding company. Along with its subsidiaries, the group is engaged in the research, development and sales of video-related and broadcasting equipment and software and the provision of related technical services in the People's Republic of China (the PRC). It provides a full range of solutions, services, and products to TV broadcasters and other digital video content providers, focusing mainly on the post-production segment. The company provides various products and services such as Graphic Writing, Editing Production, Special Effects Synthesis, Professional Products, Media Inventory Services, Variety Site Production Services, and others. It derives its revenue primarily from the sale of solutions, provision of services and sale of products.
China Digital Video Holdings (HKSE:08280) Headlines
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