New York Times Company (NYT)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 289,472 | 221,385 | 319,973 | 286,079 | 230,431 |
| Short-term investments | US$ in thousands | 162,094 | 125,972 | 341,075 | 309,080 | 201,785 |
| Receivables | US$ in thousands | 242,488 | 217,533 | 232,908 | 183,692 | 213,402 |
| Total current liabilities | US$ in thousands | 611,559 | 571,210 | 559,152 | 486,748 | 437,695 |
| Quick ratio | 1.13 | 0.99 | 1.60 | 1.60 | 1.48 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($289,472K
+ $162,094K
+ $242,488K)
÷ $611,559K
= 1.13
The quick ratio of New York Times Co. has fluctuated over the past five years. In 2023, the quick ratio stands at 1.28, indicating that the company has $1.28 in liquid assets available to cover each $1 of current liabilities. Compared to the previous year, there has been an improvement from 1.15 in 2022.
Although the quick ratio currently is below the 2021 level of 1.70, it aligns closely with the 2019 and 2020 figures of 1.64 and 1.72, respectively. This suggests that, overall, the company has maintained a relatively stable ability to meet its short-term obligations with its quick assets.
A quick ratio above 1 indicates that New York Times Co. has an adequate level of liquid assets to cover its short-term liabilities. However, it is essential to consider other factors in conjunction with the quick ratio to gain a comprehensive understanding of the company's liquidity position.
Peer comparison
Dec 31, 2023