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DLPN (Dolphin Entertainment) Quick Ratio : 0.76 (As of Sep. 2024)


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What is Dolphin Entertainment Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Dolphin Entertainment's quick ratio for the quarter that ended in Sep. 2024 was 0.76.

Dolphin Entertainment has a quick ratio of 0.76. It indicates that the company cannot currently fully pay back its current liabilities.

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

DLPN' s Quick Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.47   Max: 1.29
Current: 0.76

During the past 13 years, Dolphin Entertainment's highest Quick Ratio was 1.29. The lowest was 0.02. And the median was 0.47.

DLPN's Quick Ratio is ranked worse than
78.52% of 1052 companies
in the Media - Diversified industry
Industry Median: 1.455 vs DLPN: 0.76

Dolphin Entertainment Quick Ratio Historical Data

The historical data trend for Dolphin Entertainment's Quick 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.

Dolphin Entertainment Quick Ratio Chart

Dolphin Entertainment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.82 1.22 0.94 0.75

Dolphin Entertainment Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Quick 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 1.09 0.75 0.86 0.91 0.76

Competitive Comparison of Dolphin Entertainment's Quick Ratio

For the Advertising Agencies subindustry, Dolphin Entertainment's Quick Ratio, along with its competitors' market caps and Quick 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.


Dolphin Entertainment's Quick Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Dolphin Entertainment's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Dolphin Entertainment's Quick Ratio falls into.



Dolphin Entertainment Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

Dolphin Entertainment's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(20.724-0)/27.454
=0.75

Dolphin Entertainment's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(18.852-0)/24.806
=0.76

* 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.


Dolphin Entertainment  (NAS:DLPN) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.


Dolphin Entertainment Quick Ratio Related Terms

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Dolphin Entertainment Business Description

Traded in Other Exchanges
N/A
Address
150 Alhambra Circle, Suite 1200, Coral Gables, FL, USA, 33134
Dolphin Entertainment Inc is an independent entertainment marketing and production company. It provides strategic marketing and publicity services to many of the top brands, both individual and corporate, in the motion picture, television, music, gaming, culinary, hospitality, and lifestyle industries. It operates in two reportable segments: Entertainment publicity and marketing and Content production. It generates the majority of its revenue from the Entertainment publicity and marketing segment which provides clients with diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic marketing consulting, and content production of marketing materials.
Executives
William Iv O'dowd director, 10 percent owner, officer: Chief Executive Officer 2151 LE JEUNE ROAD, SUITE 150 MEZZANINE, CORAL GABLES FL 33134
Nelson Famadas director 804 DOUGLAS ROAD, STE 365, MIAMI FL 33134
Nicholas Stanham director C/O DOLPHIN DIGITAL MEDIA, INC., 2151 LE JEUNE ROAD, SUITE 150-MEZZANINE, CORAL GABLES FL 33134
M Shanken Communications Inc 10 percent owner 825 EIGHTH AVENUE, 33RD FLOOR, NEW YORK NY 10019
Marvin Shanken 10 percent owner 825 FIFTH AVENUE, 33RD FLOOR, NEW YORK NY 10019
Mirta A Negrini director, officer: CFO & COO C/O DOLPHIN ENTERTAINMENT, INC., 150 ALHAMBRA CIRCLE, SUITE 1200, CORAL GABLES FL 33134
Charles Joseph Dougiello director 208 JAVA ST., BROOKLYN NY 11222
Claudia Ann Grillo director 11700 NE 6 AVE, BISCAYNE PARK FL 33161
Anthony A. Leo director 1251 14TH STREET, SUITE 209, SANTA MONICA CA 90404
Allan Mayer director C/O DOLPHIN DIGITAL MEDIA, INC., 2151 LE JEUNE ROAD, SUITE 150 MEZZANINE, CORAL GABLES FL 33134
Justo L. Pozo director, 10 percent owner C/O DOLPHIN DIGITAL MEDIA, INC., 2151 LEJEUNE ROAD, SUITE 150-MEZZANINE, CORAL GABLES FL 33134
Pozo Opportunity Fund Ii, Llc 10 percent owner 700 BILTMORE WAY - 1011, CORAL GABLES FL 33134
Michael Espensen director 804 DOUGLAS ROAD, SUITE 365, MIAMI FL 33134