Emmis Communications has a Cash Ratio of 4.56. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Emmis Communications's Cash Ratio or its related term are showing as below:
EMMSP.PFD's Cash Ratio is not ranked *
in the Media - Diversified industry.
Industry Median: 0.55 * Ranked among companies with meaningful Cash Ratio only.
Emmis Communications Cash Ratio Historical Data
The historical data trend for Emmis Communications'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 Emmis Communications's Cash Ratio
For the Broadcasting subindustry, Emmis Communications'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.
Emmis Communications's Cash Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Emmis Communications's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Emmis Communications's Cash Ratio falls into.
Emmis Communications Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Emmis Communications's Cash Ratio for the fiscal year that ended in Feb. 2020 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.
Emmis Communications (OTCPK:EMMSP.PFD) 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.
Emmis Communications Cash Ratio Related Terms
Thank you for viewing the detailed overview of Emmis Communications's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Emmis Communications (Emmis Communications) Business Description
Emmis Corp, formerly Emmis Communications Corp is a diversified media company principally focused on radio broadcasting. The company owns and operates radio and magazine entities in large and medium-sized markets throughout the United States. Its operations have aligned into two business segments: Radio and Publishing. A vast majority of revenue is generated from the Radio segment. The company generates revenue in the form of Advertising; Circulation, which includes revenues from digital and home delivery subscriptions; Nontraditional, which includes ticket sales and sponsorship of events on their stations and magazine conduct; LMA(Local Marketing Agreement) Fees; and other revenues.
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