New York Times Company (NYT)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 716,831 | 909,289 | 922,736 | 884,121 |
| 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 |
| Current ratio | 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 | 1.64 | 1.38 | 1.46 | 1.39 |
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 shown fluctuations over the past eight quarters, ranging from 0.82 to 1.28. A current ratio above 1 indicates that the company has more current assets than current liabilities to meet its short-term obligations.
In the latest quarter, Q4 2023, the current ratio was 1.28, suggesting an improvement in the company's short-term liquidity position compared to the previous quarters. This indicates that the company may be in a better position to handle its short-term financial obligations.
The upward trend in the current ratio from Q1 2022 to Q4 2023 is a positive sign, reflecting an improvement in New York Times Co.'s short-term financial health and ability to cover its current liabilities. However, it is important to note that the ratio fluctuated during this period, indicating some variability in the company's liquidity position.
Overall, while the current ratio has generally been above 1 in recent quarters, indicating a healthy liquidity position, investors and analysts should continue to monitor this ratio along with other financial metrics to assess the company's financial stability and ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023