Media Investment Optimization (XMAD:MIO) Cash Ratio : 0.28 (As of Dec. 2023)

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What is Media Investment Optimization Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Media Investment Optimization's Cash Ratio for the quarter that ended in Dec. 2023 was 0.28.

Media Investment Optimization has a Cash Ratio of 0.28. 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 Media Investment Optimization's Cash Ratio or its related term are showing as below:

XMAD:MIO' s Cash Ratio Range Over the Past 10 Years
Min: 0.28 Med: 0.37 Max: 0.49
Current: 0.28

During the past 4 years, Media Investment Optimization's highest Cash Ratio was 0.49. The lowest was 0.28. And the median was 0.37.

XMAD:MIO's Cash Ratio is not ranked
in the Media - Diversified industry.
Industry Median: 0.54 vs XMAD:MIO: 0.28

Media Investment Optimization Cash Ratio Historical Data

The historical data trend for Media Investment Optimization'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.

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Media Investment Optimization Cash Ratio Chart

Media Investment Optimization Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash Ratio

0.45

0.49

0.29

0.28

Media Investment Optimization Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash Ratio	Get a 7-Day Free Trial			0.49	-	0.29	0.31	0.28

Competitive Comparison of Media Investment Optimization's Cash Ratio

For the Advertising Agencies subindustry, Media Investment Optimization'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.

Media Investment Optimization's Cash Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Media Investment Optimization's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Media Investment Optimization's Cash Ratio falls into.

Media Investment Optimization Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Media Investment Optimization's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	8.059	/	28.828
	=	0.28

Media Investment Optimization's Cash Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash Ratio (Q: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	8.059	/	28.828
	=	0.28

Media Investment Optimization (XMAD:MIO) 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.

Media Investment Optimization Cash Ratio Related Terms

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Media Investment Optimization (XMAD:MIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Media Investment Optimization SA (XMAD:MIO) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Paseo Castellana 95 Pl 24, Torre Europa Building, Madrid, ESP, 28046

Website

https://www.mio.es

Media Investment Optimization SA is a consultancy company in the integration of marketing services and digital transformation, oriented to provide an impact on the income statement of its clients, through the use of technology. It is made up of different companies specialized in the fields of marketing and advertising: creativity, media buying, data analytics, social media, web development, marketing automation and technology.