AMC Networks Inc (AMCX)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,623,370 | 1,901,100 | 1,840,500 | 1,706,740 | 1,949,870 | 1,915,040 | 2,005,470 | 1,967,400 | 2,000,190 | 1,868,700 | 2,028,160 | 1,956,220 | 1,938,770 | 2,032,980 | 1,893,760 | 1,742,400 | 2,330,300 | 2,224,910 | 2,144,580 | 2,105,220 |
| 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 |
| Current ratio | 1.72 | 1.46 | 1.34 | 1.74 | 1.67 | 1.77 | 1.88 | 1.89 | 1.89 | 2.24 | 2.08 | 2.57 | 2.21 | 2.43 | 2.38 | 2.17 | 2.90 | 2.71 | 2.65 | 2.66 |
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 exhibited fluctuations over the past eight quarters, varying between 1.34 and 1.89. In the most recent quarter, Q4 2023, the current ratio stands at 1.72, indicating that the company's current assets exceed its current liabilities by a factor of 1.72.
The decreasing trend in the current ratio from Q1 2022 to Q4 2023 may suggest potential liquidity challenges or inefficiencies in managing short-term obligations compared to assets. However, it is worth noting that the current ratio has remained above 1 consistently across all periods, indicating that the company has sufficient current assets to cover short-term liabilities.
A current ratio above 1 generally signifies that the company has the ability to meet its short-term financial obligations. However, a declining trend in the current ratio should be further investigated to ensure that the company's liquidity position remains robust and sustainable in the long run.
Peer comparison
Dec 31, 2023