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. Kartoon Studios's quick ratio for the quarter that ended in Dec. 2023 was 1.25.
Kartoon Studios has a quick ratio of 1.25. It generally indicates good short-term financial strength.
The historical rank and industry rank for Kartoon Studios's Quick Ratio or its related term are showing as below:
TOON'
s Quick Ratio Range Over the Past 10 Years
Min: 0.56 Med: 1.67 Max: 15.12
Current: 1.25
During the past 13 years, Kartoon Studios's highest Quick Ratio was 15.12. The lowest was 0.56. And the median was 1.67.
TOON's Quick Ratio is ranked worse than 57.01% of 1056
companies
in the Media - Diversified industry
Industry Median: 1.45
vs TOON: 1.25
Kartoon Studios Quick Ratio Historical Data
The historical data trend for Kartoon Studios'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 Kartoon Studios's Quick Ratio
For the Entertainment subindustry, Kartoon Studios'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.
Kartoon Studios's Quick Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Kartoon Studios's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Kartoon Studios's Quick Ratio falls into.
Kartoon Studios 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.
Kartoon Studios's Quick Ratio for the fiscal year that ended in Dec. 2023 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.
Kartoon Studios (AMEX:TOON) 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.
Kartoon Studios Quick Ratio Related Terms
Thank you for viewing the detailed overview of Kartoon Studios's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Kartoon Studios (Kartoon Studios) Business Description
Kartoon Studios Inc is a media company developing, producing, marketing, and licensing branded animated entertainment properties and consumer products for media and retail distribution. Its portfolio features programming for toddlers to tweens, including the preschool properties Rainbow Rangers for Nick Jr. and Llama Llama for Netflix, Stan Lee's Superhero Kindergarten, Shaq's Garage, toddler brand Baby Genius, STEM-based series Thomas Edison's Secret Lab, Warren Buffett's Secret Millionaires Club, and the new preschool show, Stan Lee's Superhero Kindergarten. The company's channel is available on television and mobile devices through distribution platforms, including Comcast, Cox, DISH, Sling TV, Apple TV, Roku, Android TV, Tubi, Xumo, and Amazon Fire.
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