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Stingray Group Quick Ratio

: 0.83 (As of Jun. 2021)
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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. Stingray Group's quick ratio for the quarter that ended in Jun. 2021 was 0.83.

Stingray Group has a quick ratio of 0.83. It indicates that the company cannot currently fully pay back its current liabilities.

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

OTCPK:STGYF' s Quick Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.84   Max: 1.14
Current: 0.83

0.34
1.14

During the past 7 years, Stingray Group's highest Quick Ratio was 1.14. The lowest was 0.34. And the median was 0.84.

OTCPK:STGYF's Quick Ratio is ranked lower than
99.99% of the 190 Companies
in the Media - Diversified industry.

( Industry Median: 1.08 vs. OTCPK:STGYF: 0.83 )

Stingray Group Quick Ratio Historical Data

The historical data trend for Stingray 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.

Stingray Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Quick Ratio
Premium Member Only Premium Member Only 0.94 0.84 0.81 0.83 0.73

Stingray Group Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Quick Ratio 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 Premium Member Only Premium Member Only Premium Member Only 0.55 0.60 0.72 0.73 0.83

Competitive Comparison

For the Broadcasting subindustry, Stingray 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.

   

Stingray Group Quick Ratio Distribution

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

* The bar in red indicates where Stingray Group's Quick Ratio falls into.



Stingray 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.

Stingray Group's Quick Ratio for the fiscal year that ended in Mar. 2021 is calculated as

Quick Ratio (A: Mar. 2021 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(72.089267244809-2.557880499642)/95.86204153075
=0.73

Stingray Group's Quick Ratio for the quarter that ended in Jun. 2021 is calculated as

Quick Ratio (Q: Jun. 2021 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(73.417348608838-2.5924713584288)/85.549918166939
=0.83

* 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.


Stingray Group  (OTCPK:STGYF) 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.


Stingray Group Quick Ratio Related Terms

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Stingray Group Business Description

Stingray Group logo
Industry
Comparable Companies
Traded in Other Exchanges
Address
730 Wellington Street, Montreal, QC, CAN, H3C 1T4
Stingray Group Inc is a music, media, and technology company. The company is a provider of curated direct-to-consumer and B2B services, including audio television channels, radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps. It operates through the following segments namely Broadcasting and commercial music segment; Radio segment and Corporate and eliminations. The company generates maximum revenue from Broadcasting and commercial music segment.

Stingray Group Headlines

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