New York Times Company (NYT)
Cash 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 and cash equivalents | US$ in thousands | 199,448 | 204,620 | 222,946 | 206,817 | 289,472 | 235,566 | 245,630 | 235,350 | 221,385 | 190,050 | 161,342 | 169,171 | 319,973 | 323,990 | 320,871 | 275,242 | 286,079 | 215,763 | 249,312 | 218,316 |
| Short-term investments | US$ in thousands | 366,474 | 288,325 | 188,436 | 172,238 | 162,094 | 162,737 | 171,223 | 139,354 | 125,972 | 102,620 | 61,911 | 52,788 | 341,075 | 357,814 | 338,455 | 297,454 | 309,080 | 308,734 | 240,400 | 216,658 |
| Total current liabilities | US$ in thousands | 613,529 | 589,598 | 543,129 | 544,717 | 611,559 | 554,009 | 532,052 | 540,454 | 571,210 | 555,758 | 534,277 | 593,013 | 559,152 | 526,594 | 446,517 | 440,706 | 486,748 | 425,928 | 371,112 | 371,044 |
| Cash ratio | 0.92 | 0.84 | 0.76 | 0.70 | 0.74 | 0.72 | 0.78 | 0.69 | 0.61 | 0.53 | 0.42 | 0.37 | 1.18 | 1.29 | 1.48 | 1.30 | 1.22 | 1.23 | 1.32 | 1.17 |
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 exhibited some fluctuations over the analyzed period, ranging from a low of 0.37 in March 31, 2022 to a high of 1.48 in June 30, 2021. The cash ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents. Generally, a higher cash ratio is preferred as it suggests a stronger liquidity position.
While the company showed a strong cash ratio in June 30, 2021, it witnessed a significant decline in the subsequent quarters. This trend continued until March 31, 2024, when the cash ratio started to show some improvement. It is worth noting that a consistent decline in the cash ratio may indicate potential liquidity challenges for the company, whereas an increasing trend could signal better liquidity management.
Overall, the fluctuating cash ratio of New York Times Company highlights the importance of monitoring its liquidity position closely to ensure it can meet its short-term obligations effectively. Further analysis of the company's cash flow statements and liquidity management strategies may provide additional insights into its overall financial health.
Peer comparison
Dec 31, 2024