PANTAFLIX AG has a Cash Ratio of 2.78. 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 PANTAFLIX AG's Cash Ratio or its related term are showing as below:
XTER:PAL'
s Cash Ratio Range Over the Past 10 Years
Min: 0.2 Med: 0.83 Max: 2.78
Current: 2.78
During the past 10 years, PANTAFLIX AG's highest Cash Ratio was 2.78. The lowest was 0.20. And the median was 0.83.
XTER:PAL's Cash Ratio is ranked better than 88.54% of 1021
companies
in the Media - Diversified industry
Industry Median: 0.55
vs XTER:PAL: 2.78
PANTAFLIX AG Cash Ratio Historical Data
The historical data trend for PANTAFLIX AG'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 PANTAFLIX AG's Cash Ratio
For the Entertainment subindustry, PANTAFLIX AG'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.
PANTAFLIX AG's Cash Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, PANTAFLIX AG's Cash Ratio distribution charts can be found below:
* The bar in red indicates where PANTAFLIX AG's Cash Ratio falls into.
PANTAFLIX AG Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
PANTAFLIX AG's Cash Ratio for the fiscal year that ended in Dec. 2022 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.
PANTAFLIX AG (XTER:PAL) 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.
PANTAFLIX AG Cash Ratio Related Terms
Thank you for viewing the detailed overview of PANTAFLIX AG's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
PANTAFLIX AG is a media company that engages in the development and production of theatrical feature films and licensing rights to films on a national and international basis, mainly through global film distributors. It operates through three divisions: Film Production, Video-on-Demand, and Other. The Film Production division is the production of theatrical feature films as in-house productions and co-productions and licenses the resulting rights together with its partners. Its Video-on-Demand division is the operation of Pantaflix platform which enables the firm to provide consumers with access to films that were previously unavailable to them. The Other division refers to the production of theatrical feature films and the PANTAFLIX video-on-demand platform.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XTER:PAL has been successfully added to your 