Charter Communications Inc (CHTR)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 459,000 | 721,000 | 602,000 | 661,000 | 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 |
| Short-term investments | US$ in thousands | — | 29,000 | — | — | 19,787,000 | — | — | — | — | — | — | — | — | 135,474,000 | 135,869,000 | 136,245,000 | 136,848,000 | — | — | — |
| Receivables | US$ in thousands | 3,097,000 | 3,067,000 | 3,000,000 | 3,004,000 | 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 |
| Total current liabilities | US$ in thousands | 13,486,000 | 13,160,000 | 10,726,000 | 10,926,000 | 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 |
| Quick ratio | 0.26 | 0.29 | 0.34 | 0.34 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($459,000K
+ $—K
+ $3,097,000K)
÷ $13,486,000K
= 0.26
The quick ratio of Charter Communications Inc has shown fluctuations over the reporting period. From March 31, 2020, to June 30, 2020, there was an increase in the quick ratio from 0.38 to 0.45, indicating an improvement in the company's ability to meet its short-term obligations using its most liquid assets. Subsequently, the ratio experienced a decline to 0.33 by September 30, 2020.
A significant anomaly occurred in the quick ratio by the end of December 31, 2020, where it soared to 14.18, remaining at a high level in the subsequent quarters. Such a spike could be attributed to a specific event or financial adjustment within the company. However, this exceptional ratio is then gradually reduced to 0.26 by December 31, 2021, suggesting a normalization of the company's liquidity position.
The quick ratio remains relatively stable around 0.3 in the following quarters up to September 30, 2022. From December 31, 2022, to March 31, 2023, there is a slight increase in the quick ratio to 1.78, which indicates a temporary surge in the short-term liquidity position of the company.
Subsequently, the quick ratio returns to levels closer to historical norms, ranging around 0.3 from March 31, 2023, to December 31, 2024. Overall, the quick ratio trend of Charter Communications Inc reflects variations in its ability to cover immediate liabilities with its liquid assets, including cash and equivalents, and short-term investments, which is an essential metric for assessing short-term financial health. It is recommended to continue monitoring this ratio to ensure the company's liquidity remains sound in the evolving business environment.
Peer comparison
Dec 31, 2024