Destiny Media Technologies has a Cash Ratio of 3.72. 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 Destiny Media Technologies's Cash Ratio or its related term are showing as below:
DSNY'
s Cash Ratio Range Over the Past 10 Years
Min: 0.88 Med: 3.89 Max: 6.33
Current: 3.72
During the past 13 years, Destiny Media Technologies's highest Cash Ratio was 6.33. The lowest was 0.88. And the median was 3.89.
DSNY's Cash Ratio is ranked better than 88.33% of 2768
companies
in the Software industry
Industry Median: 0.775
vs DSNY: 3.72
Destiny Media Technologies Cash Ratio Historical Data
* 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 Destiny Media Technologies's Cash Ratio
For the Software - Application subindustry, Destiny Media Technologies'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.
Destiny Media Technologies's Cash Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Destiny Media Technologies's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Destiny Media Technologies's Cash Ratio falls into.
Destiny Media Technologies Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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.
Destiny Media Technologies (OTCPK:DSNY) 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.
Destiny Media Technologies Cash Ratio Related Terms
Thank you for viewing the detailed overview of Destiny Media Technologies's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Destiny Media Technologies (Destiny Media Technologies) Business Description
Destiny Media Technologies Inc is a provider of secure digital content distribution and promotion solutions. The company operates solely in the digital media software segment. Its predominant services are Clipstream which enables any non-technical user to upload videos that will play on all modern web browsers and Play MPE, a digital distribution service that is used commercially by the recording industry. Destiny services are based on proprietary security, watermarking and instant play streaming media technologies. It also offers audio and video streaming solutions and secure file distribution to customers around the globe.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
DSNY has been successfully added to your 