New York Times Company (NYT)
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 | 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 | 230,431 | 283,795 | 255,790 | 235,674 |
| Short-term investments | US$ in thousands | 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 | 201,785 | 376,863 | 427,797 | 388,077 |
| Total current liabilities | US$ in thousands | 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 | 437,695 | 659,782 | 631,644 | 636,311 |
| Cash ratio | 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 | 0.99 | 1.00 | 1.08 | 0.98 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($289,472K
+ $162,094K)
÷ $611,559K
= 0.74
The cash ratio of New York Times Co. has shown an improving trend throughout 2022 and 2023. It increased from 0.49 in Q1 2022 to 0.97 in Q2 2023, indicating that the company has a higher level of cash and cash equivalents relative to its current liabilities.
This upward trend suggests that New York Times Co. has been able to build up its cash reserves, which can be a positive sign of financial health and liquidity. A cash ratio above 1.0 is generally considered ideal, as it indicates that a company has enough cash on hand to cover its short-term obligations.
The steady increase in the cash ratio over the past quarters indicates that New York Times Co. has been managing its cash effectively and may have improved its ability to meet its short-term financial obligations. This could potentially enhance the company's financial stability and flexibility in managing its operations and investments.
Peer comparison
Dec 31, 2023