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. Media Prima Bhd's quick ratio for the quarter that ended in Dec. 2024 was 1.39.
Media Prima Bhd has a quick ratio of 1.39. It generally indicates good short-term financial strength.
The historical rank and industry rank for Media Prima Bhd's Quick Ratio or its related term are showing as below:
XKLS:4502'
s Quick Ratio Range Over the Past 10 Years
Min: 0.82 Med: 1.13 Max: 3.04
Current: 1.39
During the past 13 years, Media Prima Bhd's highest Quick Ratio was 3.04. The lowest was 0.82. And the median was 1.13.
XKLS:4502's Quick Ratio is ranked worse than 51.9% of 1052
companies
in the Media - Diversified industry
Industry Median: 1.43
vs XKLS:4502: 1.39
Media Prima Bhd Quick Ratio Historical Data
The historical data trend for Media Prima Bhd'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.
Competitive Comparison of Media Prima Bhd's Quick Ratio
For the Entertainment subindustry, Media Prima Bhd'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.
Media Prima Bhd's Quick Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Media Prima Bhd's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Media Prima Bhd's Quick Ratio falls into.
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.
Media Prima Bhd's Quick Ratio for the fiscal year that ended in Jun. 2024 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.
Media Prima Bhd (XKLS:4502) 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.
Media Prima Bhd Quick Ratio Related Terms
Thank you for viewing the detailed overview of Media Prima Bhd's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Media Prima Bhd is an integrated media company. It is engaged in commercial television and radio broadcasting, publishing, editorial services, provision of internet-based online services, general media advertising, provision of advertising space and related production works, sale of programme rights, cable and streaming rights, content production, property management services, procurement services and other media industry-related services. The company owns free-to-air television stations namely TV3, 8TV, ntv7 and TV9. It manages its business in segments namely Omnia, Broadcasting, Outdoor Media, Print Media, Digital Media, and Home Shopping. The company's majority of the revenue is generated from the Omnia segment.
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