New York Times Company (NYT)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 936,322 | 794,980 | 716,153 | 681,160 | 781,653 | 658,090 | 674,774 | 634,407 | 655,675 | 543,208 | 473,338 | 487,015 | 952,708 | 925,654 | 881,238 | 786,652 | 835,835 | 720,984 | 682,517 | 653,697 |
| 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 |
| Current ratio | 1.53 | 1.35 | 1.32 | 1.25 | 1.28 | 1.19 | 1.27 | 1.17 | 1.15 | 0.98 | 0.89 | 0.82 | 1.70 | 1.76 | 1.97 | 1.78 | 1.72 | 1.69 | 1.84 | 1.76 |
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 few years. It peaked at 1.97 on June 30, 2021, indicating that the company had $1.97 in current assets for every dollar of current liabilities. This suggests a strong ability to meet its short-term obligations.
However, the current ratio declined steadily thereafter, reaching a low of 0.82 on March 31, 2022, which may indicate potential liquidity concerns or difficulty in meeting short-term obligations. It has since improved and stabilized around 1.25 to 1.35, indicating a healthier balance between current assets and current liabilities.
It is important for investors and stakeholders to monitor the current ratio over time to assess the company's ability to manage its short-term financial obligations effectively. A current ratio below 1 may signal financial distress, while a current ratio significantly above 1 may indicate that the company is not efficiently utilizing its current assets.
Peer comparison
Dec 31, 2024