AMC Networks Inc (AMCX)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,623,370 | 1,949,870 | 2,000,190 | 1,938,770 | 2,330,300 |
| Total current liabilities | US$ in thousands | 943,423 | 1,170,230 | 1,058,080 | 878,467 | 804,342 |
| Current ratio | 1.72 | 1.67 | 1.89 | 2.21 | 2.90 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,623,370K ÷ $943,423K
= 1.72
AMC Networks Inc's current ratio has shown a declining trend over the past five years, decreasing from 2.90 in 2019 to 1.72 in 2023. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities.
The current ratio of 1.72 in 2023 suggests that AMC Networks Inc may have a slightly lower liquidity position compared to the prior year. While the company still has sufficient current assets to cover its current liabilities, the decreasing trend indicates that there may be a need to closely monitor the ability to meet short-term obligations.
It is important for investors and analysts to consider other factors alongside the current ratio when evaluating a company's financial health and liquidity position. Further analysis of AMC Networks Inc's working capital management and cash flow position would provide a more comprehensive understanding of its overall financial stability.
Peer comparison
Dec 31, 2023