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The company has benefited from increased average revenue per user and user engagement due to social distancing. In addition, The Roku Channel is seeing a surge in premium subscription signups. Plus, growth in streaming hours should boost TV streaming advertising on its platform.
As of the most recent quarter, ROKU had $2.1 billion in cash compared to only $7 million in short term debt. Plus, the stock has a debt-to-equity ratio of 0.2. This has led to a Quality Grade of B in our POWR Ratings system.
