Charter Communications Inc (CHTR)
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 | 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 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 2,965,000 | 2,932,000 | 2,864,000 | 2,851,000 | 2,921,000 | 2,841,000 | 2,779,000 | 2,530,000 | 2,579,000 | 2,645,000 | 2,583,000 | 2,395,000 | 2,201,000 | 2,068,000 | 1,994,000 | 2,091,000 | 2,227,000 | 2,284,000 | 2,070,000 | 1,578,000 |
| 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 |
| Quick ratio | 1.78 | 0.28 | 0.28 | 0.28 | 0.30 | 0.29 | 0.29 | 0.36 | 0.26 | 11.33 | 13.96 | 14.06 | 14.18 | 0.33 | 0.45 | 0.38 | 0.46 | 0.23 | 0.28 | 0.25 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($709,000K
+ $19,787,000K
+ $2,965,000K)
÷ $13,214,000K
= 1.78
The quick ratio of Charter Communications Inc. has been relatively stable over the past eight quarters, ranging from 0.31 to 0.40. The quick ratio measures the company's ability to meet its short-term liabilities with its most liquid assets.
With a range of 0.31 to 0.40, Charter Communications Inc. seems to have a relatively low level of quick assets compared to its current liabilities. A quick ratio below 1 indicates that the company may have difficulty paying off its short-term obligations without selling inventory or obtaining additional financing.
While the quick ratio has not shown significant improvement or deterioration over the quarters analyzed, it is crucial for investors and stakeholders to monitor this ratio closely. A sustained trend of a low quick ratio may indicate liquidity issues that could potentially impact the company's financial health and ability to meet its obligations in the short term.
Overall, Charter Communications Inc. should continue to focus on managing its liquidity effectively to ensure it can meet its short-term financial obligations and maintain the confidence of investors and creditors.
Peer comparison
Dec 31, 2023