M17 Entertainment (M17 Entertainment) Current Ratio : 1.50 (As of Dec. 2017)

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What is M17 Entertainment 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. M17 Entertainment's current ratio for the quarter that ended in Dec. 2017 was 1.50.

M17 Entertainment has a current ratio of 1.50. It generally indicates good short-term financial strength.

The historical rank and industry rank for M17 Entertainment's Current Ratio or its related term are showing as below:

YQ's Current Ratio is not ranked ^*
in the Interactive Media industry.
Industry Median: 2.105
* Ranked among companies with meaningful Current Ratio only.

M17 Entertainment Current Ratio Historical Data

The historical data trend for M17 Entertainment'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.

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M17 Entertainment Current Ratio Chart

M17 Entertainment Annual Data

Trend

Dec15

Dec16

Dec17

Current Ratio

3.62

0.75

1.50

M17 Entertainment Semi-Annual Data
	Dec15	Dec16	Dec17
Current Ratio	3.62	0.75	1.50

Competitive Comparison of M17 Entertainment's Current Ratio

For the Internet Content & Information subindustry, M17 Entertainment'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.

M17 Entertainment's Current Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, M17 Entertainment's Current Ratio distribution charts can be found below:

* The bar in red indicates where M17 Entertainment's Current Ratio falls into.

M17 Entertainment 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.

M17 Entertainment's Current Ratio for the fiscal year that ended in Dec. 2017 is calculated as

Current Ratio (A: Dec. 2017 )	=	Total Current Assets (A: Dec. 2017 )	/	Total Current Liabilities (A: Dec. 2017 )
	=	39.351	/	26.26
	=	1.50

M17 Entertainment's Current Ratio for the quarter that ended in Dec. 2017 is calculated as

Current Ratio (Q: Dec. 2017 )	=	Total Current Assets (Q: Dec. 2017 )	/	Total Current Liabilities (Q: Dec. 2017 )
	=	39.351	/	26.26
	=	1.50

M17 Entertainment (NYSE:YQ) 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.

M17 Entertainment Current Ratio Related Terms

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