The Walt Disney Company is the largest entertainment company in the world by revenue. It was founded on October 16, 1923 by Walt Disney and his brother Roy O. Disney. They founded the company, The Disney Brothers Cartoon Studio, where they became leaders in the American animation industry and later worked in live action film production, television, and their world-famous theme parks. Through several acquisitions, they have diversified and now operate in theatre, radio, publishing, online media, music and own several television channels (Disney History Institute). In examining the company's balance sheet, current assets and liabilities were reviewed and liquidity ratios were calculated. The company's capital structure and accounting of fixed assets and intangible assets were also reviewed. Off-balance sheet items such as leases and contingent liabilities have been reported and noted. All these aspects of the financial statements have been reviewed in order to carry out a proper analysis of the company's financial statements. The Walt Disney Company's liquidity ratios look like this: The current ratio decreased from 2011 to 2012 but then improved from 2012 to 2013. the quick ratio decreased from 2011 to 2012, but also improved from 2012 to 2013 . The cash ratio improved from 2011 to 2012 and also from 2012 to 2013 (Walt Disney Co. (DIS) | Liquidity). The current assets and current liabilities of The Walt Disney Company are: The current ratio shows that as of September 28, 2013, current assets were higher than those of the previous five years. Current liabilities were lower than the previous two years (Walt Disney Co. (DIS) | Liquidity). The Quick Ratio shows that the company's cash and cash equivalents are the highest t...... middle of paper .. .... Disney canceled an intellectual property asset in 2012. Disney says that if a television show is canceled, this would require immediate write-off of all unamortized production costs. A significant decline in the advertising market would also have a negative impact on their estimates, which may require a write-off. The balance sheet also talks about write-downs, which could also occur if the estimates were incorrect (Financial Statement of the Walt Disney Company). In conclusion, Disney appears to be a very strong company financially. They don't have any major red flags. Their liquidity ratios and other information do not appear alarming in any way. They have been around for many years and are hugely successful, so any obstacles in their way won't be a problem. They will be able to get through it and recover without any problems.