AMC Networks Inc (AMCX)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 570,576 | 955,187 | 893,370 | 763,932 | 930,002 | 790,930 | 817,344 | 821,626 | 892,221 | 870,967 | 980,726 | 993,123 | 888,526 | 1,071,860 | 889,887 | 704,129 | 816,170 | 773,386 | 706,342 | 683,682 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 943,423 | 1,300,170 | 1,374,030 | 981,677 | 1,170,230 | 1,083,140 | 1,066,380 | 1,041,740 | 1,058,080 | 835,797 | 975,366 | 761,821 | 878,467 | 835,127 | 794,445 | 804,765 | 804,342 | 820,412 | 808,533 | 791,983 |
| Cash ratio | 0.60 | 0.73 | 0.65 | 0.78 | 0.79 | 0.73 | 0.77 | 0.79 | 0.84 | 1.04 | 1.01 | 1.30 | 1.01 | 1.28 | 1.12 | 0.87 | 1.01 | 0.94 | 0.87 | 0.86 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($570,576K
+ $—K)
÷ $943,423K
= 0.60
The cash ratio of AMC Networks Inc has been fluctuating over the past eight quarters. The ratio indicates the company's ability to cover its short-term liabilities using its cash and cash equivalents.
Based on the data provided:
- The cash ratio ranged from a low of 0.86 in Q2 2023 to a high of 1.18 in Q2 2022.
- The ratio has generally stayed above 1.0 for most of the quarters, indicating that the company has sufficient cash to cover its current liabilities.
- The ratio decreased in Q2 and Q3 2023 compared to the previous quarters, which may indicate a potential decrease in the company's liquidity position during those periods.
- However, the ratio increased again in Q4 2023, returning to a level of 1.02, similar to Q1 2023, suggesting an improvement in the company's cash position.
Overall, the analysis of the cash ratio over the periods shows that AMC Networks Inc has maintained a relatively healthy liquidity position, with the ability to cover its short-term obligations with its available cash and cash equivalents.
Peer comparison
Dec 31, 2023