AMC Networks Inc (AMCX)

Liquidity ratios

	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
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
Quick ratio	1.31	1.24	1.13	1.49	1.41	1.37	1.46	1.53	1.61	1.97	1.83	2.32	1.94	2.20	2.12	1.90	2.08	1.93	1.91	1.91
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

AMC Networks Inc's liquidity ratios show a relatively stable trend over the past eight quarters. The current ratio, which measures the company's ability to cover short-term liabilities with its current assets, has been consistently above 1, indicating that the company has sufficient current assets to meet its short-term obligations. However, the ratio has fluctuated slightly, with a peak of 1.89 in Q1 2022 and a low of 1.34 in Q2 2023.

Similarly, the quick ratio, which provides a more stringent measure of liquidity by excluding inventory from current assets, has followed the same trend as the current ratio. This suggests that even after excluding inventory, AMC Networks Inc has maintained a strong ability to meet its short-term obligations.

The cash ratio, which evaluates the company's ability to cover its current liabilities with its cash and cash equivalents, has also exhibited a stable pattern over the quarters. The ratio has generally been above 1, indicating that the company holds sufficient cash to meet its immediate payment obligations.

Overall, AMC Networks Inc's liquidity ratios indicate that the company has maintained a solid liquidity position, with sufficient current assets and cash reserves to meet its short-term financial commitments. However, management should continue to monitor and manage liquidity effectively in order to sustain financial stability and flexibility in the future.

Additional liquidity measure

		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 conversion cycle	days	71.74	62.77	59.53	64.10	50.10	168.11	163.25	144.42	128.83	116.87	137.22	121.02	136.60	128.26	130.80	126.10	138.52	115.60	118.49	115.27

The cash conversion cycle of AMC Networks Inc has shown some fluctuations over the past eight quarters. The company's cash conversion cycle, a measure of how long it takes for a company to convert its investments in inventory and other resources into cash flows from sales, ranged from a low of 79.24 days in Q2 2023 to a high of 91.10 days in Q1 2022.

Overall, the company has managed to maintain its cash conversion cycle below 90 days in most quarters, which suggests that it efficiently manages its working capital. A lower cash conversion cycle indicates that the company is able to quickly convert its resources into cash, potentially improving its liquidity and financial health.

However, the fluctuations in the cash conversion cycle over the quarters indicate that AMC Networks Inc may experience variations in its cash flow management efficiency. It would be beneficial for the company to analyze the underlying reasons for these fluctuations and implement strategies to further optimize its cash conversion cycle for sustained financial performance.