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Stingray Group, Inc. (TSE:RAY)
TSX:RAY
Canadian Market

Stingray Group (RAY) Ratios

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Stingray Group Ratios

TSE:RAY's free cash flow for Q3 2026 was C$1.00. For the 2026 fiscal year, TSE:RAY's free cash flow was decreased by C$ and operating cash flow was C$0.13. See a summary of the company’s cash flow.
Ratios
TTM
Mar 25Mar 24Mar 23Mar 22
Liquidity Ratios
Current Ratio
0.71 1.00 0.91 0.86 0.87
Quick Ratio
0.69 0.98 0.87 0.82 0.82
Cash Ratio
0.06 0.12 0.08 0.11 0.13
Solvency Ratio
0.09 0.12 0.03 0.10 0.11
Operating Cash Flow Ratio
0.43 0.93 1.03 0.64 0.73
Short-Term Operating Cash Flow Coverage
5.65 0.00 15.80 11.59 11.16
Net Current Asset Value
C$ -674.99MC$ -436.40MC$ -458.89MC$ -492.95MC$ -510.26M
Leverage Ratios
Debt-to-Assets Ratio
0.47 0.44 0.48 0.46 0.46
Debt-to-Equity Ratio
1.91 1.35 1.56 1.44 1.50
Debt-to-Capital Ratio
0.66 0.57 0.61 0.59 0.60
Long-Term Debt-to-Capital Ratio
0.64 0.56 0.59 0.57 0.58
Financial Leverage Ratio
4.04 3.06 3.26 3.13 3.23
Debt Service Coverage Ratio
2.30 3.68 1.25 2.81 3.79
Interest Coverage Ratio
4.52 3.91 3.18 3.45 3.62
Debt to Market Cap
0.55 0.56 0.67 0.93 0.74
Interest Debt Per Share
8.30 5.63 6.03 6.25 5.97
Net Debt to EBITDA
4.77 3.39 6.26 4.19 4.31
Profitability Margins
Gross Profit Margin
82.58%26.06%25.46%34.47%30.87%
EBIT Margin
20.11%18.43%8.73%19.28%20.03%
EBITDA Margin
25.68%26.39%17.45%29.22%32.41%
Operating Profit Margin
22.10%25.01%25.63%24.29%18.29%
Pretax Profit Margin
13.58%12.26%0.66%12.24%14.97%
Net Profit Margin
10.17%9.42%-3.98%9.30%11.78%
Continuous Operations Profit Margin
10.17%9.42%-3.98%9.30%11.78%
Net Income Per EBT
74.89%76.84%-600.31%75.94%78.69%
EBT Per EBIT
61.45%49.01%2.59%50.40%81.83%
Return on Assets (ROA)
3.79%4.46%-1.69%3.36%3.77%
Return on Equity (ROE)
15.61%13.66%-5.53%10.52%12.17%
Return on Capital Employed (ROCE)
10.75%13.75%12.71%10.35%6.72%
Return on Invested Capital (ROIC)
7.83%10.51%-75.05%7.74%5.21%
Return on Tangible Assets
16.41%20.23%-7.81%15.65%18.48%
Earnings Yield
4.59%5.95%-2.53%7.26%6.46%
Efficiency Ratios
Receivables Turnover
2.85 4.64 4.75 4.20 4.23
Payables Turnover
0.87 17.38 22.09 13.23 10.63
Inventory Turnover
29.39 114.61 59.55 37.21 37.58
Fixed Asset Turnover
7.58 7.45 6.02 5.22 4.29
Asset Turnover
0.37 0.47 0.43 0.36 0.32
Working Capital Turnover Ratio
-13.66 -72.39 -22.94 -18.92 -12.58
Cash Conversion Cycle
-278.17 60.81 66.52 69.11 61.61
Days of Sales Outstanding
128.19 78.63 76.91 86.88 86.22
Days of Inventory Outstanding
12.42 3.18 6.13 9.81 9.71
Days of Payables Outstanding
418.78 21.01 16.52 27.58 34.32
Operating Cycle
140.61 81.82 83.04 96.69 95.93
Cash Flow Ratios
Operating Cash Flow Per Share
1.71 1.54 1.73 1.25 1.18
Free Cash Flow Per Share
1.51 1.32 1.52 1.03 0.94
CapEx Per Share
0.20 0.22 0.20 0.22 0.24
Free Cash Flow to Operating Cash Flow
0.88 0.86 0.88 0.82 0.80
Dividend Paid and CapEx Coverage Ratio
3.36 2.96 3.41 2.39 2.18
Capital Expenditure Coverage Ratio
8.58 6.98 8.44 5.62 4.91
Operating Cash Flow Coverage Ratio
0.21 0.29 0.31 0.21 0.20
Operating Cash Flow to Sales Ratio
0.27 0.27 0.34 0.27 0.30
Free Cash Flow Yield
10.77%14.69%19.27%17.22%12.93%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
21.79 16.81 -39.45 13.78 15.48
Price-to-Sales (P/S) Ratio
2.22 1.58 1.57 1.28 1.82
Price-to-Book (P/B) Ratio
3.34 2.30 2.18 1.45 1.88
Price-to-Free Cash Flow (P/FCF) Ratio
9.28 6.81 5.19 5.81 7.73
Price-to-Operating Cash Flow Ratio
8.20 5.83 4.57 4.77 6.16
Price-to-Earnings Growth (PEG) Ratio
-1.38 -0.05 0.27 -1.62 -0.64
Price-to-Fair Value
3.34 2.30 2.18 1.45 1.88
Enterprise Value Multiple
13.40 9.39 15.25 8.58 9.94
Enterprise Value
1.48B 958.86M 919.17M 811.85M 910.02M
EV to EBITDA
13.40 9.39 15.25 8.58 9.94
EV to Sales
3.44 2.48 2.66 2.51 3.22
EV to Free Cash Flow
14.41 10.66 8.80 11.36 13.66
EV to Operating Cash Flow
12.73 9.13 7.76 9.34 10.88
Tangible Book Value Per Share
-8.82 -5.41 -5.63 -5.98 -6.06
Shareholders’ Equity Per Share
4.19 3.91 3.62 4.11 3.85
Tax and Other Ratios
Effective Tax Rate
0.25 0.23 7.00 0.24 0.21
Revenue Per Share
6.32 5.66 5.03 4.65 3.98
Net Income Per Share
0.64 0.53 -0.20 0.43 0.47
Tax Burden
0.75 0.77 -6.00 0.76 0.79
Interest Burden
0.68 0.66 0.08 0.64 0.75
Research & Development to Revenue
0.00 0.00 0.00 0.03 0.04
SG&A to Revenue
0.02 0.01 >-0.01 0.01 <0.01
Stock-Based Compensation to Revenue
0.07 0.03 0.02 <0.01 0.02
Income Quality
2.66 2.88 -8.63 2.89 2.51
Currency in CAD