EchoStar Corporation (SATS)
Cash 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 and cash equivalents | US$ in thousands | 4,305,390 | 2,670,100 | 419,246 | 613,702 | 1,821,380 | 1,094,530 | 702,055 | 920,105 | 704,541 | 901,269 | 991,595 | 889,199 | 535,894 | 429,656 | 716,522 | 1,583,750 | 896,005 | 555,550 | 1,948,460 | 1,599,020 |
| Short-term investments | US$ in thousands | 1,242,040 | 51,792 | 101,331 | 152,649 | 623,044 | 894,744 | 1,211,410 | 755,169 | 973,915 | 666,904 | 529,854 | 634,593 | 1,010,500 | 1,127,050 | 841,521 | 735,418 | 1,638,270 | 1,950,800 | 509,980 | 790,361 |
| Total current liabilities | US$ in thousands | 5,831,040 | 7,478,920 | 6,976,880 | 7,004,960 | 8,018,590 | 396,679 | 398,181 | 378,173 | 422,831 | 406,216 | 434,363 | 423,674 | 460,123 | 487,297 | 547,104 | 1,331,780 | 1,425,170 | 1,374,730 | 1,361,910 | 446,217 |
| Cash ratio | 0.95 | 0.36 | 0.07 | 0.11 | 0.30 | 5.01 | 4.81 | 4.43 | 3.97 | 3.86 | 3.50 | 3.60 | 3.36 | 3.19 | 2.85 | 1.74 | 1.78 | 1.82 | 1.81 | 5.35 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($4,305,390K
+ $1,242,040K)
÷ $5,831,040K
= 0.95
The cash ratio of EchoStar Corporation has shown fluctuating trends over the analyzed periods. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources.
From March 31, 2020, to March 31, 2023, the cash ratio steadily increased from 5.35 to 4.43, demonstrating the company's improved liquidity position during this period. This consistent growth could be attributed to effective cash management practices or improved operating efficiency.
However, a sharp decline was observed in the cash ratio from December 31, 2023, to June 30, 2024, falling from 0.30 to 0.07. This substantial decrease may raise concerns about EchoStar's liquidity position and its ability to meet short-term obligations without facing financial difficulties.
In the subsequent periods, there was some recovery in the cash ratio, reaching 0.95 by December 31, 2024. Despite the improvement, EchoStar may need to closely monitor its cash management strategies to ensure adequate liquidity and mitigate any potential risks associated with a lower cash ratio.
Overall, the analysis of EchoStar Corporation's cash ratio suggests that the company has experienced fluctuations in its liquidity position over the analyzed periods, emphasizing the importance of maintaining a balance between cash reserves and short-term liabilities to support ongoing operational requirements.
Peer comparison
Dec 31, 2024