EchoStar Corporation (SATS)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 4,456,290 | 1,821,380 | 704,541 | 535,894 | 896,005 |
| Short-term investments | US$ in thousands | 1,242,040 | 623,044 | 973,915 | 1,010,500 | 1,638,270 |
| Total current liabilities | US$ in thousands | 5,831,040 | 8,018,590 | 422,831 | 460,123 | 1,425,170 |
| Cash ratio | 0.98 | 0.30 | 3.97 | 3.36 | 1.78 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($4,456,290K
+ $1,242,040K)
÷ $5,831,040K
= 0.98
The cash ratio of EchoStar Corporation has shown fluctuations over the years based on the provided data. As of December 31, 2020, the cash ratio stood at 1.78, indicating that the company had $1.78 in cash and cash equivalents for every dollar of current liabilities.
Over the next few years, the cash ratio improved significantly, reaching 3.36 as of December 31, 2021, and further increasing to 3.97 by December 31, 2022. These higher ratios suggest that EchoStar had a stronger liquidity position during these periods, with more cash reserves to cover its short-term obligations.
However, there was a sharp decline in the cash ratio by December 31, 2023, dropping to 0.30. This significant decrease indicates a potential liquidity concern or a decrease in cash reserves relative to current liabilities.
By December 31, 2024, the cash ratio improved slightly to 0.98, but it still remained lower compared to the ratios reported in the previous years.
Overall, the fluctuations in EchoStar Corporation's cash ratio highlight changes in the company's liquidity position over the years, with variations in available cash relative to short-term liabilities. It is important for investors and analysts to monitor these ratios to assess the company's ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024