AMC Networks Inc (AMCX)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 664,396 | 657,656 | 660,474 | 702,681 | 722,185 | 696,143 | 744,432 | 773,273 | 815,444 | 771,546 | 807,499 | 777,063 | 813,587 | 768,506 | 796,834 | 826,022 | 857,143 | 807,481 | 838,287 | 829,704 |
| 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 |
| 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 |
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 shown some fluctuations over the quarters. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio indicates a stronger liquidity position.
In Q4 2023, the quick ratio stood at 1.72, slightly higher than the previous quarter, suggesting an improvement in the company's ability to cover its short-term liabilities using its quick assets. However, in Q3 2023, the quick ratio decreased to 1.46, indicating a slight decline in liquidity compared to the preceding quarter.
Looking back further, in Q2 2023, the quick ratio was 1.34, which was lower than in Q1 2023 when it stood at 1.74. This downward trend could be a point of concern as it reflects a potential decrease in the company's ability to quickly cover its current obligations.
Comparing the most recent data to the same quarter in the prior year, there has been a slight improvement since Q4 2022 when the quick ratio was 1.67. However, the ratios in Q2 and Q3 2022 were higher at 1.88 and 1.77, respectively, indicating a stronger liquidity position back then.
Overall, the quick ratio of AMC Networks Inc has been fluctuating, and investors may want to monitor these changes closely to assess the company's short-term liquidity position.
Peer comparison
Dec 31, 2023