Charter Communications Inc (CHTR)
Cash 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 and cash equivalents | US$ in thousands | 709,000 | 571,000 | 478,000 | 534,000 | 645,000 | 480,000 | 483,000 | 2,431,000 | 601,000 | 466,000 | 1,711,000 | 772,000 | 1,001,000 | 1,283,000 | 2,097,000 | 2,908,000 | 3,483,000 | 508,000 | 696,000 | 1,451,000 |
| Short-term investments | US$ in thousands | 19,787,000 | — | — | — | — | — | — | — | — | 135,474,000 | 135,869,000 | 136,245,000 | 136,848,000 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 13,214,000 | 12,625,000 | 11,975,000 | 12,242,000 | 12,065,000 | 11,595,000 | 11,395,000 | 13,929,000 | 12,458,000 | 12,237,000 | 10,038,000 | 9,916,000 | 9,875,000 | 10,256,000 | 9,142,000 | 13,215,000 | 12,385,000 | 11,982,000 | 9,875,000 | 11,950,000 |
| Cash ratio | 1.55 | 0.05 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.17 | 0.05 | 11.11 | 13.71 | 13.82 | 13.96 | 0.13 | 0.23 | 0.22 | 0.28 | 0.04 | 0.07 | 0.12 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($709,000K
+ $19,787,000K)
÷ $13,214,000K
= 1.55
Charter Communications Inc.'s cash ratio has remained relatively stable over the past 8 quarters, ranging between 0.08 and 0.10. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations, while a lower ratio may suggest potential liquidity challenges.
In the recent quarters, Charter's cash ratio has been around 0.09, indicating that the company has approximately 9 cents of cash and cash equivalents for every dollar of short-term liabilities. While the consistency in the ratio may reflect a prudent cash management strategy, it is essential to assess whether the current level of liquidity is adequate to meet upcoming financial obligations and potential unforeseen expenses.
Comparing the most recent quarter (Q4 2023) to Q1 2022, there was a significant decrease in the cash ratio from 0.21 to 0.09. This decline may raise concerns about Charter's liquidity position over the period, warranting a closer examination of the factors influencing the company's cash levels and the management of its short-term obligations.
Overall, Charter Communications Inc.'s cash ratio provides insight into its liquidity position, highlighting the level of available funds relative to short-term liabilities. Continuous monitoring of this ratio is crucial to assess the company's ability to navigate short-term financial challenges effectively.
Peer comparison
Dec 31, 2023