New York Times Company (NYT)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 199,448 | 204,620 | 222,946 | 206,817 | 289,472 | 235,566 | 245,630 | 235,350 | 221,385 | 190,050 | 161,342 | 169,171 | 319,973 | 323,990 | 320,871 | 275,242 | 286,079 | 215,763 | 249,312 | 218,316 |
| Short-term investments | US$ in thousands | 366,474 | 288,325 | 188,436 | 172,238 | 162,094 | 162,737 | 171,223 | 139,354 | 125,972 | 102,620 | 61,911 | 52,788 | 341,075 | 357,814 | 338,455 | 297,454 | 309,080 | 308,734 | 240,400 | 216,658 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.92 | 0.84 | 0.76 | 0.70 | 0.74 | 0.72 | 0.78 | 0.69 | 0.61 | 0.53 | 0.42 | 0.37 | 1.18 | 1.29 | 1.48 | 1.30 | 1.22 | 1.23 | 1.32 | 1.17 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($199,448K
+ $366,474K
+ $—K)
÷ $613,529K
= 0.92
The quick ratio of New York Times Company has exhibited fluctuations over the past few years, starting from 1.17 as of March 31, 2020, and peaking at 1.48 as of June 30, 2021, indicating a strong ability to cover its short-term liabilities with its most liquid assets. However, the quick ratio has been on a declining trend since then, dropping to 0.92 as of December 31, 2024.
A quick ratio below 1 suggests that the company may face difficulties in meeting its short-term obligations with its readily available assets alone. Therefore, the decreasing trend in the quick ratio of New York Times Company from 1.48 in June 2021 to 0.92 in December 2024 may raise concerns about its short-term liquidity position.
It is important for stakeholders to closely monitor the company's ability to convert its current assets into cash quickly to meet its short-term financial obligations in order to assess its overall liquidity and financial health effectively.
Peer comparison
Dec 31, 2024