New York Times Company (NYT)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 199,448 | 289,472 | 221,385 | 319,973 | 286,079 |
| Short-term investments | US$ in thousands | 366,474 | 162,094 | 125,972 | 341,075 | 309,080 |
| Total current liabilities | US$ in thousands | 613,529 | 611,559 | 571,210 | 559,152 | 486,748 |
| Cash ratio | 0.92 | 0.74 | 0.61 | 1.18 | 1.22 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($199,448K
+ $366,474K)
÷ $613,529K
= 0.92
The cash ratio of New York Times Company has displayed a fluctuating trend over the past five years. Starting at 1.22 on December 31, 2020, the ratio decreased to 1.18 by the end of 2021, indicating a slightly lower ability to cover its short-term liabilities with cash on hand. However, there was a significant decrease in the cash ratio to 0.61 by the end of 2022, suggesting a potential challenge in meeting short-term obligations solely with available cash.
Subsequently, there was a modest improvement as the ratio increased to 0.74 by December 31, 2023, indicating a partial recovery in the company's liquidity position. The most recent data point as of December 31, 2024, shows a further increase in the cash ratio to 0.92, signaling an enhanced ability to cover short-term liabilities with cash reserves compared to the previous year.
Overall, the varying levels of the cash ratio reflect fluctuations in the company's liquidity position and its ability to meet short-term financial obligations with its available cash resources.
Peer comparison
Dec 31, 2024