New York Times Company (NYT)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 936,322 | 781,653 | 655,675 | 952,708 | 835,835 |
| Total current liabilities | US$ in thousands | 613,529 | 611,559 | 571,210 | 559,152 | 486,748 |
| Current ratio | 1.53 | 1.28 | 1.15 | 1.70 | 1.72 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $936,322K ÷ $613,529K
= 1.53
The current ratio of New York Times Company has shown some fluctuations over the past five years. As of December 31, 2020, the current ratio was 1.72, indicating that the company had $1.72 in current assets for every $1 in current liabilities. This suggests a healthy liquidity position at that time.
However, by December 31, 2022, the current ratio had decreased significantly to 1.15. This could be a cause for concern as the ratio dropped below 1.5, potentially indicating a decreased ability to cover short-term obligations with current assets.
The ratio improved slightly by December 31, 2023, to 1.28, suggesting a partial recovery in liquidity. By December 31, 2024, the current ratio further improved to 1.53, signaling a stronger liquidity position compared to the previous year.
Overall, the trend in the current ratio for New York Times Company indicates some variability in liquidity over the years, with fluctuations observed but generally maintaining a level above 1, which is considered acceptable. It would be important for stakeholders to monitor this ratio to ensure the company's ability to meet its short-term obligations remains stable.
Peer comparison
Dec 31, 2024