Linmon Media (HKSE:09857) Cash Ratio : 3.71 (As of Dec. 2023)

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What is Linmon Media 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. Linmon Media's Cash Ratio for the quarter that ended in Dec. 2023 was 3.71.

Linmon Media has a Cash Ratio of 3.71. 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 Linmon Media's Cash Ratio or its related term are showing as below:

HKSE:09857' s Cash Ratio Range Over the Past 10 Years
Min: 0.23 Med: 0.69 Max: 3.71
Current: 3.71

During the past 5 years, Linmon Media's highest Cash Ratio was 3.71. The lowest was 0.23. And the median was 0.69.

HKSE:09857's Cash Ratio is ranked better than
92.42% of 976 companies
in the Media - Diversified industry
Industry Median: 0.55 vs HKSE:09857: 3.71

Linmon Media Cash Ratio Historical Data

The historical data trend for Linmon Media'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.

* Premium members only.

Linmon Media Cash Ratio Chart

Linmon Media Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Ratio

0.69

0.23

0.29

3.18

3.71

Linmon Media Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash Ratio	Get a 7-Day Free Trial			0.29	0.35	3.18	4.33	3.71

Competitive Comparison of Linmon Media's Cash Ratio

For the Entertainment subindustry, Linmon Media'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.

Linmon Media's Cash Ratio Distribution in the Media - Diversified Industry

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

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

Linmon Media Cash Ratio Calculation

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

Linmon Media'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
	=	2159.485	/	582.411
	=	3.71

Linmon Media'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
	=	2159.485	/	582.411
	=	3.71

Linmon Media (HKSE:09857) 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.

Linmon Media Cash Ratio Related Terms

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Linmon Media (HKSE:09857) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Linmon Media Ltd (HKSE:09857) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

SOHO Renaissance Plaza, 28th Floor, Building A, Huangpu District, Shanghai, CHN

Website

http://www.linmon.cn

Linmon Media Ltd is a drama series production company in China with a track record of creating premium content. The company typically creates high viewership drama series based on its abundant reserve of original IPs. The majority of the Company's revenue is earned in Mainland China.

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