EchoStar Corporation (SATS)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,891,810 | 6,757,710 | 1,926,900 | 2,908,090 | 2,836,210 |
| Total current liabilities | US$ in thousands | 8,018,590 | 6,442,610 | 460,123 | 1,425,170 | 496,019 |
| Current ratio | 0.61 | 1.05 | 4.19 | 2.04 | 5.72 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,891,810K ÷ $8,018,590K
= 0.61
The current ratio of EchoStar Corporation has been fluctuating over the past five years. In 2023, the current ratio decreased to 0.61 from 1.05 in 2022, indicating a decline in the company's short-term liquidity position. This may suggest that EchoStar is facing challenges in meeting its short-term obligations with its current assets. Compared to 2021 and earlier years, the current ratio in 2023 is significantly lower, signaling a notable deterioration in the company's ability to cover its short-term liabilities with its current assets. Further analysis of the components of current assets and liabilities is recommended to understand the reasons behind this decline and assess the company's overall financial health.
Peer comparison
Dec 31, 2023