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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. Spanish Broadcasting System's current ratio for the quarter that ended in Mar. 2021 was 2.05.
Spanish Broadcasting System has a current ratio of 2.05. It generally indicates good short-term financial strength.
The historical rank and industry rank for Spanish Broadcasting System's Current Ratio or its related term are showing as below:
The historical data trend for Spanish Broadcasting System'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.
Spanish Broadcasting System Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 0.14 | 0.12 | 0.14 | 0.17 | 0.48 |
Spanish Broadcasting System Quarterly Data | ||||||||||||||||||||
Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | |
Current Ratio | Get a 7-Day Free Trial | 0.17 | 0.15 | 0.15 | 0.48 | 2.05 |
For the Broadcasting subindustry, Spanish Broadcasting System'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.
For the Media - Diversified industry and Communication Services sector, Spanish Broadcasting System's Current Ratio distribution charts can be found below:
* The bar in red indicates where Spanish Broadcasting System's Current Ratio falls into.
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.
Spanish Broadcasting System's Current Ratio for the fiscal year that ended in Dec. 2020 is calculated as
Current Ratio (A: Dec. 2020 ) | = | Total Current Assets (A: Dec. 2020 ) | / | Total Current Liabilities (A: Dec. 2020 ) |
= | 76.63 | / | 160.663 | |
= | 0.48 |
Spanish Broadcasting System's Current Ratio for the quarter that ended in Mar. 2021 is calculated as
Current Ratio (Q: Mar. 2021 ) | = | Total Current Assets (Q: Mar. 2021 ) | / | Total Current Liabilities (Q: Mar. 2021 ) |
= | 53.138 | / | 25.883 | |
= | 2.05 |
* 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.
Spanish Broadcasting System (OTCPK:SBSAA) 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.
Thank you for viewing the detailed overview of Spanish Broadcasting System's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Jose I. Molina | officer: Chief Financial Officer | C/O 7007 NW 77TH AVENUE MIAMI FL 33166 |
Richard D. Lara | officer: See Remarks | 7007 NW 77TH AVENUE MIAMI FL 33166 |
Raul Alarcon | director, 10 percent owner, officer: Chairman, CEO & President | 7007 N.W. 77TH AVENUE MIAMI FL 33166 |
Jason L Shrinsk | director | |
Joseph A Garcia | director, officer: CFO, SR. EVP | 3191 CORAL WAY MIAMI FL 33145 |
Jose Antonio Villamil | director | 2601 SOUTH BAYSHORE DRIVE, PH II, COCONUT GROVE FL 33133 |
A. Yelen Mitchell | director | C/O SPANISH BROADCASTING SYSTEM, INC., 2601 S. BAYSHORE DR. PH2 COCONUT GROVE FL 33133 |
Manuel E. Machado | director | C/O SPANISH BROADCASTING SYSTEM, INC. 2601 S. BAYSHORE DRIVE, PHII COCONUT GROVE FL 33133 |
Alberto Rodriguez | officer: Chief Revenue Officer of SBS | C/O 2601 S. BAYSHORE DRIVE PHII COCONUT GROVE FL 33133 |
Melanie Montenegro | other: EVP & General Counsel | C/O SPANISH BROADCASTING SYSTEM, INC. 2601 S. BAYSHORE DRIVE, PHII FL 33133 |
Marko Radlovic | officer: Chief Revenue Officer | |
Antonio S Fernandez | director | 2601 S BAYSHORE DRIVE MIAMI FL 33133 |
Frank Flores | officer: Chief Revenue Officer | C/O SPANISH BROADCASTING SYSTEM, INC. PH II COCONUT GROVE FL 33133 |
Cynthia Hudson-fernandez | officer: Chief Creative Officer & EVP | C/O SPANISH BROADCASTING SYSTEM, INC. 2601 S. BAYSHORE DRIVE, PH II COCONUT GROVE FL 33133 |
Dan Mason | director | C/O SPANISH BROADCASTING SYSTEM INC 2801 SOUTH BAYSHORE DR PENTHOUSE #2 COCONUT GROVE FL 33133 |
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