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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Ascent Capital Group's current ratio for the quarter that ended in Jun. 2019 was 14.35.
Ascent Capital Group has a current ratio of 14.35. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Ascent Capital Group's Current Ratio or its related term are showing as below:
The historical data trend for Ascent Capital Group's Current 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.
Ascent Capital Group Annual Data | |||||||||||||||||||||
Trend | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 1.94 | 1.43 | 1.31 | 1.38 | 0.08 |
Ascent Capital Group Quarterly Data | ||||||||||||||||||||
Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | |
Current Ratio | Get a 7-Day Free Trial | 1.34 | 1.79 | 0.08 | 0.06 | 14.35 |
For the Security & Protection Services subindustry, Ascent Capital Group's Current Ratio, along with its competitors' market caps and Current 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.
For the Business Services industry and Industrials sector, Ascent Capital Group's Current Ratio distribution charts can be found below:
* The bar in red indicates where Ascent Capital Group's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Ascent Capital Group's Current Ratio for the fiscal year that ended in Dec. 2018 is calculated as
Current Ratio (A: Dec. 2018 ) | = | Total Current Assets (A: Dec. 2018 ) | / | Total Current Liabilities (A: Dec. 2018 ) |
= | 151.433 | / | 1968.422 | |
= | 0.08 |
Ascent Capital Group's Current Ratio for the quarter that ended in Jun. 2019 is calculated as
Current Ratio (Q: Jun. 2019 ) | = | Total Current Assets (Q: Jun. 2019 ) | / | Total Current Liabilities (Q: Jun. 2019 ) |
= | 30.085 | / | 2.097 | |
= | 14.35 |
* 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.
Ascent Capital Group (OTCPK:ASCMA) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thank you for viewing the detailed overview of Ascent Capital Group's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas Patrick Mcmillin | director | C/O WIDEOPENWEST, INC., 7887 EAST BELLEVIEW AVENUE, SUITE 1000, ENGLEWOOD CO 80111 |
John C Malone | 10 percent owner | 12300 LIBERTY BLVD, ENGLEWOOD CO 80112 |
Jeffery R Gardner | director, officer: Executive Vice President | ONE ALLIED DRIVE, LITTLE ROCK AR 72202 |
William R Fitzgerald | director, 10 percent owner, officer: Chairman | 2431 EAST 61ST STREET STE 800, TULSA OK 74136 |
Charles Y Tanabe | director | 123 LIBERTY BLVD, ENGLEWOOD CO 80112 |
Brigade Capital Management, Lp | 10 percent owner | 399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022 |
Brigade Capital Management Gp, Llc | 10 percent owner | 399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022 |
Morgan Donald E Iii | 10 percent owner | C/O BRIGADE CAPITAL MANAGEMENT, LLC, 717 FIFTH AVENUE, SUITE 1301, NEW YORK NY 10022 |
Brigade Leveraged Capital Structures Fund Ltd. | 10 percent owner | ONE NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY1-9005 |
Ahmet H Okumus | 10 percent owner | C/O OKUMUS FUND MANAGEMENT LTD., 767 THIRD AVENUE, 35TH FLOOR, NEW YORK NY 10022 |
Okumus Fund Management Ltd. | 10 percent owner | 767 THIRD AVENUE, 35TH FLOOR, NEW YORK NY 10017 |
Okumus Opportunistic Value Fund Ltd. | 10 percent owner | CRAIGMUIR CHAMBERS, SUITE 71, ROAD TOWN, TORTOLA D8 VG 1110 |
Carl E Vogel | director | C/O SIRIUS XM RADIO INC., 1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020 |
Brian Deevy | director | C/O TICKETMASTER, 8800 WEST SUNSET BLVD., WEST HOLLYWOOD CA 90069 |
Richard Walker | officer: Executive Vice President | C/O SERVICESOURCE INTERNATIONAL, INC., 717 17TH STREET, 5TH FLOOR, DENVER CO 80202 |
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