New York Times Company (NYT)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 781,653 | 655,675 | 952,708 | 835,835 | 716,831 |
| Total current liabilities | US$ in thousands | 611,559 | 571,210 | 559,152 | 486,748 | 437,695 |
| Current ratio | 1.28 | 1.15 | 1.70 | 1.72 | 1.64 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $781,653K ÷ $611,559K
= 1.28
The current ratio of New York Times Co. has exhibited fluctuations over the past five years, ranging from 1.15 to 1.70. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a stronger ability to meet short-term obligations.
In 2021, the current ratio was relatively high at 1.70, suggesting a healthy liquidity position. However, in 2022, the current ratio decreased to 1.15, indicating potential challenges in meeting short-term obligations with current assets. This could be a cause for concern as it may point to a decrease in liquidity.
The current ratio improved in 2023 to 1.28, but it is still lower than the 2021 and 2020 levels. Although the current ratio is above 1 in all years, indicating that the company has more current assets than current liabilities, the downward trend from 2021 to 2022 and the subsequent moderate increase in 2023 suggest that New York Times Co. may need to monitor its liquidity position closely to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023