Chum Limited Financial Analysis

1816 words - 7 pages

Having evolved immensely from the single AM radio station it was in 1954, Chum Limited has developed into a multi-million dollar cooperation with a very unique place in the broadcasting industry. Chum reflects the many voices and views of the communities it serves as one of Canada's leading media companies and content providers. Currently, Chum owns and operates 33 radio stations, 12 local television stations and 21 specialty channels as well as an environmental music distribution division. Each week, more than 20 million Canadians tune in to a Chum radio station or television channel, and its original content is seen in over 130 countries worldwide. Through popular stations like 104.5 CHUM FM, MuchMusic, and CityTV, Chum Limited strives to inform, enlighten and entertain its audiences by delivering the strongest, most targeted brands, and original, innovative, content across Canadian and international television, radio, and new media platforms.Thorough analysis of the company places Chum Ltd in a very reasonable financial position clearly showing fiscal 2005's successful operating performance as well as excellent prospects for continued growth in the future. Record level revenues of $628 million and net earnings of 41 million were achieved due to strong performance in both television and radio - both with an increase of 12% from the previous year. (See trend analysis charts, Appendix p.3). Intracompany vertical analysis of the balance sheet shows the relative size of each category presented (See Chart, Appendix p.6). Current assets decreased from 26.8% -20.5% even though the absolute dollar amount increased. Retained earnings increased to 8% more of total liabilities and shareholder's equity reinforcing Chum's excellent dividend paying record as well as its growth through debt financing. Chum's current ratio is 1.43:1 (see ratios, Appendix, p.1) and proves that the company is in a strong position to pay off short-term debt, however there are no actual cash assets disclosed on the balance sheet because the company chose to invest all cash from operations back into the business with purchases of leaseholds and new broadcasting equipment, buying shares of other companies, and making huge renovations to the ChumCity Building in downtown Toronto. Chum still has a large amount of receivables coming in (see financial statements, Appendix p.6), and the lack of cash is compensated by a hefty five-year, $500 million dollar revolving credit agreement signed December 1st 2004. Profitability ratios show that the company's potential to earn money is respectable (See ratios, Appendix p.2). An asset turnover figure of 7.3 times and a return on assets figure of 4.8 prove that Chum has an excellent ability to turn assets into sales and income. This year's acquisition of many new assets will benefit the company's financial position in the future. One of Chum's most impressive ratios is its earnings per share. (See ratios, Appendix, p.2) Its magnitude in comparison...

Find Another Essay On Chum Limited Financial Analysis

A Financial Report for Mansard Insurance

1030 words - 5 pages 1.0 Introduction The proposed project will present a detailed study of the financial reporting practices of Mansard Insurance Plc which will largely be based on it published financial statement for the year ended 2012. The project will cover all areas of the financial reporting systems that will include, reporting history, accounting policies, corporate governance, financial analysis, future outlook and limitations inherent in the Financial

Global Communications Benchmarking Essay

6940 words - 28 pages union staffed domestic call centers, and outsourcing labor to foreign countries. The following analysis is a comparative synopsis of various companies who faced similar problems and how they resolved them; also incorporated is the use of academic concepts to support the solutions to those problems.Organizational CommunicationEffective organizational communication is essential to any organization because it fulfills employee information needs, and

Enterprise Leadership CSL - Enterprise Leadership - Essay

1456 words - 6 pages > CSL Limited 2017, CSL Limited is a global biotherapy industry leader, viewed 22 Mar 2017, CSL Limited 2017, CSL - Financial Report, viewed 22 Mar 2017, CSL Limited (CSL) 2017, 16 March 2017, . CSL Limited SWOT Analysis | USP & Competitors | Brandguide | MBA Skool-Study.Learn.Share.". MBA Skool

Financial Liberalization

7130 words - 29 pages points to be noticed while receiving a chequeCash depositCheque depositTransfer of fundsDetermining Daily Cash PositionCredit Department: In credit department, I mainly deal with the analysis of financial statement of different companies. Based on the published or audited financial statements I have to prepare pro-forma or projected financial statements. I also prepare the Credit Risk Grading (CRG). Bank Asia Limited considers the following issues

Career in Financial Management

1314 words - 5 pages , description of job, and a reflection of a career in the financial management field. Financial management has been in the United States for centuries now, on Sept 2, 1789 the U.S. Department of the Treasury was established but powers were limited. In 1974 a newer one of the Treasury’s major Bureau was created, Financial Management Service or (FMS). This job was established to manage the U.S. collection system and financial reporting, and guide federal

Analysis of The Limited, Inc

4956 words - 20 pages point of view. This will allow us to establish specific areas for each brand to compete. At the Limited, Inc. we take an already strong brand franchise and extend it in fresh new ways. We also formalize processes and take that expertise into other areas of the company. It is the goal for Limited, Inc. to give their customers what they want, when they want it. ANALYSIS OF INTERNAL DOMAINS Financial Position / Capacity The Limited, Inc

Marks & Spencer

1756 words - 7 pages Applied Financial SkillsFinancial Analysis: Marks & SpencerSubmitted to: Charles SandilandsLeeds Metropolitan UniversityBusiness SchoolSubmitted by: Craig SlaterDate of submission: 23rd January 2003IntroductionThis report analyses the financial position of Marks & Spencer, one of the UK's leading retailers of clothing, foods, home ware and financial services, serving 10 million customers a week in over 300 UK stores. The Company also

A Balanced Scorecard of Blu

712 words - 3 pages -financial measures creates the best picture on what to expect from an organization moving forward but those two indicators are often difficult to describe (Chow, 1997). Financial measures are historical, composed by values of dollars and cents, and have limited scope for navigating the future (Kaplan & Norton, 1996). For example, Blu identified goals for financial metrics associated with station construction cost. Although those construction

Compliance Laws for Financial Institutions

2586 words - 11 pages technology in the financial institutions such as online banking by application of Computer Assisted Audit Techniques (CAATs) like Audit Command Language (ACL), Interactive Data Extraction and Analysis (IDEA) and excel spreadsheets. Financial institutions are required to comply with the following laws. 2. Compliance Laws 2.1 Gramm-Leach-Bliley Act (GLBA) Weiss & Solomon, 2011) Gramm-Leach-Bliley Act was

Accounting Financial Ratio

2891 words - 12 pages Glenys ShearerCommercial DirectorWai TangOperations DirectorHousewares International Limited (HIL)Overview of Housewares InternationalHousewares Internationals basically emerging electrical appliances. During last eighteen months, It has transformed its focus on radical rationalization and reduction of its business. It has always taken advantage of is good brand image ti expand the business. During the 2006 financial year the group's turnover

Financial Analysis on Colgate

2368 words - 9 pages Financial Reporting AnalysisRatio AnalysisOfColgate Palmolive (INDIA) LimitedSubmitted to: Dr. T. P. GHOSHSubmitted by:Group IApurva ShahiDeepali AgarwalKonda MoulikaMallipati ManojMitali PravinNidhi AgarwalContents:AbstractIntroduction and details of projectColgate Palmolive( India) Limited ProfileRatio Analysis of Colgate Palmolive( India) LimitedProfitability RatiosLiquidity RatiosSolvency RatiosTurn-Over RatiosValuation

Similar Essays

Financial Ratio Analysis Harry’s Hamster Limited

2471 words - 10 pages . Rosenberg Publishers. Bragg, S., (2007). Business Ratios and Formulas: A comprehensive Guide. New Jersey: John Wiley and Sons. Brigham, E., and Houston, J., (2007). Fundamentals of Financial Management. Mason: Thomson Publishing Limited. Brigham, E., and Ehrhardt, M., (2008). Financial management: Theory and practice. Mason: Thomson Higher Education. Capon, N et al., (1990). Determinants of financial performance: A Meta Analysis. Journal of

An Analysis Of Financial Statement Of Mandya Milk Union Limited

1465 words - 6 pages . Objective of the study: The main purpose of the study is to analyze the financial statements of the organization • To assess the financial performance. • To analyze the profitability of an organization. • To find out the accurate financial result of an organization. Title of the project: “An Analysis of Financial Statements of the Mandya Milk Union Limited” (MANMUL). Research methodology: This study conduct based on the

Business L Aw Essay

4955 words - 20 pages . Operating in the health care sector in Quebec decreases the threat of competition due to large demands and limited supply for health related services (Waiting Your Turn, 2012). However, because of their financial objective, MRI must compete with hospitals and other eye clinics (i.e. both private and public) in order to acquire or retain clients/patients. MRI counts approximately seventeen employees on its payroll, including glaucoma specialists

Derivative Claims Essay

3840 words - 16 pages . Rameshwar Prasad Bajoria 7 Edwards v Halliwell 4 Foss v Harbottle passim Halle v. Trax 9 Nirad Amilal Mehta v Genelec Limited and Ors 5 Onyx Musicabsolute.com Pvt Ltd v Yash Raj Films , Onyx Mobile Pvt. Ltd 6 Prudential Assurance Co Ltd v Newman Industries 4 Trumann Investment Group v. Societe General SA 9 Universal Project Management Services Ltd. v Fort Gilikicker Ltd 10 Waddington Ltd v Chan Chum Hoo Thomas 9, 10 Waddington Ltd v Chan