EchoStar Corporation (SATS)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,821,380 | 1,094,530 | 702,055 | 920,105 | 2,497,540 | 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 | 1,519,430 | 1,547,160 | 1,298,000 | 1,349,720 |
| Short-term investments | US$ in thousands | 623,044 | 1,037,330 | 1,311,030 | 865,159 | 1,092,700 | 814,774 | 693,331 | 820,819 | 1,153,440 | 1,312,320 | 1,028,350 | 883,975 | 1,662,710 | 1,969,150 | 537,528 | 820,034 | 976,189 | 1,035,500 | 1,256,060 | 1,990,000 |
| Total current liabilities | US$ in thousands | 8,018,590 | 396,679 | 398,181 | 378,173 | 6,442,610 | 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 | 496,019 | 461,741 | 471,662 | 1,346,000 |
| Cash ratio | 0.30 | 5.37 | 5.06 | 4.72 | 0.56 | 4.22 | 3.88 | 4.04 | 3.67 | 3.57 | 3.19 | 1.85 | 1.80 | 1.84 | 1.83 | 5.42 | 5.03 | 5.59 | 5.42 | 2.48 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,821,380K
+ $623,044K)
÷ $8,018,590K
= 0.30
The cash ratio of EchoStar Corporation has shown significant fluctuations over the past few quarters. The cash ratio measures a company's ability to cover short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.
Looking at the data provided, the cash ratio for EchoStar Corporation ranged from as low as 0.30 to as high as 5.42 over the period. The ratio was at its lowest in December 2023 at 0.56 and reached its peak in March 2020 at 5.42.
The company experienced a notable increase in its cash ratio starting from the first quarter of 2020, remaining relatively high until the third quarter of 2023 before dropping again in the fourth quarter of the same year. This pattern suggests fluctuations in the company's cash holdings compared to its short-term obligations over this period.
Overall, EchoStar Corporation's cash ratio has exhibited variability, indicating changes in its liquidity position. It is essential for stakeholders to track these fluctuations to assess the company's ability to meet its short-term obligations with its available cash resources.
Peer comparison
Dec 31, 2023