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. Ziggo NV's current ratio for the quarter that ended in Sep. 2014 was 0.97.
Ziggo NV has a current ratio of 0.97. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Ziggo NV 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 Ziggo NV's Current Ratio or its related term are showing as below:
XAMS:ZIGGO'
s Current Ratio Range Over the Past 10 Years
Min: 0.35 Med: 0.48 Max: 0.97
Current: 0.97
During the past 7 years, Ziggo NV's highest Current Ratio was 0.97. The lowest was 0.35. And the median was 0.48.
XAMS:ZIGGO's Current Ratio is not ranked
in the Media - Diversified industry.
Industry Median: 1.61
vs XAMS:ZIGGO: 0.97
Ziggo NV Current Ratio Historical Data
The historical data trend for Ziggo NV'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.
Competitive Comparison of Ziggo NV's Current Ratio
For the Broadcasting subindustry, Ziggo NV'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.
Ziggo NV's Current Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Ziggo NV's Current Ratio distribution charts can be found below:
* The bar in red indicates where Ziggo NV's Current Ratio falls into.
Ziggo NV 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.
Ziggo NV's Current Ratio for the fiscal year that ended in Dec. 2013 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.
Ziggo NV (XAMS:ZIGGO) 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.
Ziggo NV Current Ratio Related Terms
Thank you for viewing the detailed overview of Ziggo NV's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Ziggo Holding B.V., formerly Ziggo NV was established on February 1, 2007. The Company is the owner and operator of a broadband cable network in the Netherlands and provides analogue and digital radio and television, broadband internet and telephony services in the Netherlands to 2.9 million households and businesses under the brand name Ziggo. The principal activity of the Company is the exploitation of its broadband cable network. It provides entertainment, information and communication services through television, broadband internet and telephony services. It supplies around 2.8 million households and small businesses with television, almost 2.3 million with digital television, about 1.9 million with broadband and 1.6 million with telephony services. About 1.5 million of the Company's customers are subscribers to its All-in-1 bundle. The Company's competitors include KPN, Telfort and Netflix, among others.
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