AMC Networks Inc (AMCX)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 570,576 | 930,002 | 892,221 | 888,526 | 816,170 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 664,396 | 722,185 | 815,444 | 813,587 | 857,143 |
| Total current liabilities | US$ in thousands | 943,423 | 1,170,230 | 1,058,080 | 878,467 | 804,342 |
| Quick ratio | 1.31 | 1.41 | 1.61 | 1.94 | 2.08 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($570,576K
+ $—K
+ $664,396K)
÷ $943,423K
= 1.31
The quick ratio of AMC Networks Inc has exhibited a decreasing trend over the past five years, from 2.90 in 2019 to 1.72 in 2023. This ratio measures the company's ability to meet its short-term liabilities with its most liquid assets.
A quick ratio above 1 indicates that the company has sufficient liquid assets to cover its current liabilities. Although the ratio has decreased each year, the company's quick ratio has generally remained above 1, demonstrating a strong liquidity position.
AMC Networks Inc's quick ratio of 1.72 in 2023 suggests that the company still has $1.72 in liquid assets for every dollar of current liabilities. This indicates that the company is in a healthy position to meet its short-term obligations, although it may have slightly less liquidity compared to the previous years.
Overall, while the decreasing trend in the quick ratio warrants monitoring, AMC Networks Inc appears to have sufficient liquidity to manage its short-term financial obligations.
Peer comparison
Dec 31, 2023