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. Chicken Soup for the Soul Entertainment's Cash Ratio for the quarter that ended in Sep. 2023 was 0.00.
Chicken Soup for the Soul Entertainment 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 Chicken Soup for the Soul Entertainment's Cash Ratio or its related term are showing as below:
During the past 7 years, Chicken Soup for the Soul Entertainment's highest Cash Ratio was 4.56. The lowest was 0.02. And the median was 0.28.
CSSE's Cash Ratio is not ranked *
in the Media - Diversified industry.
Industry Median: 0.54 * Ranked among companies with meaningful Cash Ratio only.
Chicken Soup for the Soul Entertainment Cash Ratio Historical Data
The historical data trend for Chicken Soup for the Soul Entertainment'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.
Chicken Soup for the Soul Entertainment Annual Data
Trend
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Cash Ratio
0.85
0.12
0.40
0.93
0.11
Chicken Soup for the Soul Entertainment Quarterly Data
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Cash Ratio
0.20
0.11
0.03
0.02
-
Competitive Comparison
For the Entertainment subindustry, Chicken Soup for the Soul Entertainment'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.
Chicken Soup for the Soul Entertainment Cash Ratio Distribution
For the Media - Diversified industry and Communication Services sector, Chicken Soup for the Soul Entertainment's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Chicken Soup for the Soul Entertainment's Cash Ratio falls into.
Chicken Soup for the Soul Entertainment Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Chicken Soup for the Soul Entertainment'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.
Chicken Soup for the Soul Entertainment (NAS:CSSE) 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.
Chicken Soup for the Soul Entertainment Cash Ratio Related Terms
Thank you for viewing the detailed overview of Chicken Soup for the Soul Entertainment's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Chicken Soup for the Soul Entertainment (Chicken Soup for the Soul Entertainment) Business Description
Chicken Soup for the Soul Entertainment Inc operates streaming video-on-demand networks. The company owns Crackle Plus, which owns and operates a variety of ad-supported and subscription-based VOD networks including Crackle, Chicken Soup for the Soul, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Espanolflix, and FrightPix. The company also acquires and distributes video content through its Screen Media subsidiary and produces original video content through the Chicken Soup for the Soul Television Group.
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