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The Walt Disney Co (BUE:DIS) Current Ratio

: 1.01 (As of Mar. 2023)
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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. The Walt Disney Co's current ratio for the quarter that ended in Mar. 2023 was 1.01.

The Walt Disney Co has a current ratio of 1.01. It generally indicates good short-term financial strength.

The historical rank and industry rank for The Walt Disney Co's Current Ratio or its related term are showing as below:

BUE:DIS' s Current Ratio Range Over the Past 10 Years
Min: 0.66   Med: 1.12   Max: 2.43
Current: 1.01

During the past 13 years, The Walt Disney Co's highest Current Ratio was 2.43. The lowest was 0.66. And the median was 1.12.

BUE:DIS's Current Ratio is ranked worse than
71.1% of 1038 companies
in the Media - Diversified industry
Industry Median: 1.57 vs BUE:DIS: 1.01

The Walt Disney Co Current Ratio Historical Data

The historical data trend for The Walt Disney Co'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.

The Walt Disney Co Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Current Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.94 0.90 1.32 1.08 1.00

The Walt Disney Co Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Current Ratio 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 Premium Member Only Premium Member Only Premium Member Only 1.06 1.02 1.00 0.99 1.01

Competitive Comparison

For the Entertainment subindustry, The Walt Disney Co'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.

   

The Walt Disney Co Current Ratio Distribution

For the Media - Diversified industry and Communication Services sector, The Walt Disney Co's Current Ratio distribution charts can be found below:

* The bar in red indicates where The Walt Disney Co's Current Ratio falls in comparison to its industry or sector. The grey bar indicates the Current Ratio's extreme value range as defined by GuruFocus.



The Walt Disney Co 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.

The Walt Disney Co's Current Ratio for the fiscal year that ended in Sep. 2022 is calculated as

Current Ratio (A: Sep. 2022 )=Total Current Assets (A: Sep. 2022 )/Total Current Liabilities (A: Sep. 2022 )
=4043167.04/4039693.29
=1.00

The Walt Disney Co's Current Ratio for the quarter that ended in Mar. 2023 is calculated as

Current Ratio (Q: Mar. 2023 )=Total Current Assets (Q: Mar. 2023 )/Total Current Liabilities (Q: Mar. 2023 )
=5583355.78/5542462.929
=1.01

* 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.


The Walt Disney Co  (BUE:DIS) 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.


The Walt Disney Co Current Ratio Related Terms

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The Walt Disney Co (BUE:DIS) Business Description

The Walt Disney Co logo
Address
500 South Buena Vista Street, Burbank, CA, USA, 91521
Walt Disney owns the rights to some of the most globally recognized characters, from Mickey Mouse to Luke Skywalker. These characters and others are featured in several Disney theme parks around the world. Disney makes live-action and animated films under studios such as Pixar, Marvel, and Lucasfilm and also operates media networks including ESPN and several TV production studios. Disney shifted into a more streaming-focused firm by acquiring the remainder of Hulu and launching Disney+ and ESPN+. Across its streaming platforms, Disney had over 235 million subscribers as of September 2022, up sharply from under 64 million in December 2019.

The Walt Disney Co (BUE:DIS) Headlines