EchoStar Corporation (SATS)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 8,095,740 | 4,891,810 | 2,125,380 | 1,926,900 | 2,908,090 |
| Total current liabilities | US$ in thousands | 5,831,040 | 8,018,590 | 422,831 | 460,123 | 1,425,170 |
| Current ratio | 1.39 | 0.61 | 5.03 | 4.19 | 2.04 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $8,095,740K ÷ $5,831,040K
= 1.39
Based on the provided data, EchoStar Corporation's current ratio has fluctuated over the past five years. The current ratio was 2.04 as of December 31, 2020, indicating that the company had $2.04 in current assets for every dollar of current liabilities.
The ratio increased significantly to 4.19 by December 31, 2021, and further improved to 5.03 by December 31, 2022. These higher ratios suggest that EchoStar had ample current assets to cover its short-term obligations during these periods.
However, there was a significant decline in the current ratio to 0.61 by December 31, 2023, which could indicate potential liquidity issues and a challenge in meeting short-term liabilities with current assets.
By December 31, 2024, the current ratio had improved to 1.39, but it still remained below the levels seen in 2021 and 2022. Overall, the trend in EchoStar's current ratio shows varying levels of liquidity and ability to meet short-term obligations over the past five years.
Peer comparison
Dec 31, 2024