SDC Techmedia has a Cash Ratio of 0.32. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for SDC Techmedia's Cash Ratio or its related term are showing as below:
BOM:535647'
s Cash Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.38 Max: 6.45
Current: 0.32
During the past 12 years, SDC Techmedia's highest Cash Ratio was 6.45. The lowest was 0.02. And the median was 0.38.
BOM:535647's Cash Ratio is ranked worse than 63% of 1019
companies
in the Media - Diversified industry
Industry Median: 0.55
vs BOM:535647: 0.32
SDC Techmedia Cash Ratio Historical Data
The historical data trend for SDC Techmedia's Cash 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 SDC Techmedia's Cash Ratio
For the Entertainment subindustry, SDC Techmedia's Cash Ratio, along with its competitors' market caps and Cash 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.
SDC Techmedia's Cash Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, SDC Techmedia's Cash Ratio distribution charts can be found below:
* The bar in red indicates where SDC Techmedia's Cash Ratio falls into.
SDC Techmedia Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
SDC Techmedia's Cash Ratio for the fiscal year that ended in Mar. 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.
SDC Techmedia (BOM:535647) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
SDC Techmedia Cash Ratio Related Terms
Thank you for viewing the detailed overview of SDC Techmedia's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
SDC Techmedia Ltd operates in the business of media and event management. It is also involved in the reproduction of recorded media. Its services are to aggregate and market audio or video and movie contents of various languages in the local and international market, to acquire old movie rights, dub in a range of languages and market to various television channels, and to produce animation films or short movies or documentary movies. The firm also produces animation movies and television serials, and movies, leasing and renting of 4k Projectors to the Theaters, Cinema Halls and Multiplexes. It generates revenue based on the functioning of Theaters, Cinema Halls & Multiplexes in the State of Tamil Nadu and other cities of Southern States of India.
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