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Asiaray Media Group (HKSE:01993) Current Ratio : 0.82 (As of Jun. 2024)


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What is Asiaray Media Group Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Asiaray Media Group's current ratio for the quarter that ended in Jun. 2024 was 0.82.

Asiaray Media Group has a current ratio of 0.82. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Asiaray Media Group has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for Asiaray Media Group's Current Ratio or its related term are showing as below:

HKSE:01993' s Current Ratio Range Over the Past 10 Years
Min: 0.71   Med: 0.91   Max: 2.06
Current: 0.82

During the past 11 years, Asiaray Media Group's highest Current Ratio was 2.06. The lowest was 0.71. And the median was 0.91.

HKSE:01993's Current Ratio is ranked worse than
79.18% of 1052 companies
in the Media - Diversified industry
Industry Median: 1.615 vs HKSE:01993: 0.82

Asiaray Media Group Current Ratio Historical Data

The historical data trend for Asiaray Media Group's Current 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.

Asiaray Media Group Current Ratio Chart

Asiaray Media Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.97 0.82 0.75 0.77 0.83

Asiaray Media Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.72 0.77 0.75 0.83 0.82

Competitive Comparison of Asiaray Media Group's Current Ratio

For the Advertising Agencies subindustry, Asiaray Media Group's Current Ratio, along with its competitors' market caps and Current 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.


Asiaray Media Group's Current Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Asiaray Media Group's Current Ratio distribution charts can be found below:

* The bar in red indicates where Asiaray Media Group's Current Ratio falls into.



Asiaray Media Group Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Asiaray Media Group's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )=Total Current Assets (A: Dec. 2023 )/Total Current Liabilities (A: Dec. 2023 )
=1301.92/1575.702
=0.83

Asiaray Media Group's Current Ratio for the quarter that ended in Jun. 2024 is calculated as

Current Ratio (Q: Jun. 2024 )=Total Current Assets (Q: Jun. 2024 )/Total Current Liabilities (Q: Jun. 2024 )
=1057.292/1287.393
=0.82

* 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.


Asiaray Media Group  (HKSE:01993) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Asiaray Media Group Current Ratio Related Terms

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Asiaray Media Group Business Description

Traded in Other Exchanges
N/A
Address
1 Kornhill Road, 16th Floor, Kornhill Plaza - Office Tower, Quarry Bay, Hong Kong, HKG
Asiaray Media Group Ltd is an investment holding company. It operates in three segments: the Airports business, which operates advertising services in airports; the Metro Lines and billboards business segment includes the operation of advertising services in metro lines; and billboards and building solutions; and Bus and other business, which provides advertising service in bus exterior & interior, and bus shelter, and also advertising services from other media spaces. Its geographical segments are Mainland China and Hong Kong, of which the vast majority of its revenue comes from Mainland China.
Executives
Media Cornerstone Limited
Ubs Trustees (b.v.i.) Limited
Space Management Limited
Lam Tak Hing
Hangzhou Yunbo Investment Consulting Co., Ltd.
Hu Simon Xiaoming
Jiang Fang
Jing Eric Xiandong
Ma Yun
Ant Small And Micro Financial Services Group Co., Ltd. 2201 Interest of corporation controlled by you
Antfin (hong Kong) Holding Limited 2101 Beneficial owner
Hang Zhou Yun Qiang Qi Ye Guan Li Zi Xun You Xian Gong Si 2201 Interest of corporation controlled by you
Great World Hk Media Pte. Ltd. 2101 Beneficial owner
L Capital Asia 2 Gp 2201 Interest of corporation controlled by you
L Capital Asia 2 Lp 2201 Interest of corporation controlled by you

Asiaray Media Group Headlines

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