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. Zinc Media Group's quick ratio for the quarter that ended in Jun. 2022 was 1.16.
Zinc Media Group has a quick ratio of 1.16. It generally indicates good short-term financial strength.
The historical rank and industry rank for Zinc Media Group's Quick Ratio or its related term are showing as below:
FRA:YE42'
s Quick Ratio Range Over the Past 10 Years
Min: 0.36 Med: 1.05 Max: 1.73
Current: 1.16
During the past 13 years, Zinc Media Group's highest Quick Ratio was 1.73. The lowest was 0.36. And the median was 1.05.
FRA:YE42's Quick Ratio is ranked worse than 61.49% of 1036
companies
in the Media - Diversified industry
Industry Median: 1.46
vs FRA:YE42: 1.16
Zinc Media Group Quick Ratio Historical Data
The historical data trend for Zinc Media Group'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.
Zinc Media Group Annual Data
Trend
Mar10
Mar11
Mar12
Mar13
Jun15
Jun16
Jun17
Jun18
Jun19
Dec21
Quick Ratio
0.77
1.13
1.29
1.12
0.89
Zinc Media Group Semi-Annual Data
Mar12
Sep12
Mar13
Sep13
Mar14
Dec14
Jun15
Dec15
Jun16
Dec16
Jun17
Dec17
Jun18
Dec18
Jun19
Dec19
Jun20
Jun21
Dec21
Jun22
Quick Ratio
0.97
1.08
1.38
0.89
1.16
Competitive Comparison
For the Entertainment subindustry, Zinc Media Group'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.
Zinc Media Group Quick Ratio Distribution
For the Media - Diversified industry and Communication Services sector, Zinc Media Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Zinc Media Group's Quick Ratio falls in comparison to its industry or sector. The grey bar indicates the Quick Ratio's extreme value range as defined by GuruFocus.
Zinc Media Group 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.
Zinc Media Group's Quick Ratio for the fiscal year that ended in Dec. 2021 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.
Zinc Media Group (FRA:YE42) 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.
Zinc Media Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Zinc Media Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Zinc Media Group PLC is a multimedia producer of TV programming with publishing and communications content. The activities undertaken by the TV segment include the production of television and radio content. The Zinc Communicate segment includes publishing and content production. Most of the revenue is earned from TV production under four brands: Reef TV, Blakeway, Brook Lapping and Films of Record, all of it in the United Kingdom.
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