EchoStar Corporation (SATS)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 8,095,740 | 5,000,380 | 2,787,870 | 3,116,540 | 4,891,810 | 2,472,940 | 2,396,780 | 2,179,740 | 2,125,380 | 2,041,070 | 1,957,340 | 1,933,000 | 1,926,900 | 1,954,450 | 1,939,080 | 2,697,400 | 2,908,090 | 2,890,030 | 2,827,520 | 2,767,190 |
| 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 |
| Current ratio | 1.39 | 0.67 | 0.40 | 0.44 | 0.61 | 6.23 | 6.02 | 5.76 | 5.03 | 5.02 | 4.51 | 4.56 | 4.19 | 4.01 | 3.54 | 2.03 | 2.04 | 2.10 | 2.08 | 6.20 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $8,095,740K ÷ $5,831,040K
= 1.39
The current ratio of EchoStar Corporation has shown significant fluctuations over the reporting periods provided. The current ratio is calculated by dividing current assets by current liabilities, and it measures a company's ability to meet its short-term financial obligations.
From March 31, 2020, to December 31, 2021, the current ratio ranged between 2.03 and 4.56, indicating that EchoStar had a strong liquidity position during this period. A current ratio above 2 typically suggests that the company has more than enough current assets to cover its short-term liabilities.
However, from March 31, 2022, to December 31, 2024, the current ratio decreased significantly, falling to as low as 0.40 by June 30, 2024. A current ratio below 1 indicates that a company may have difficulty meeting its short-term obligations with its current assets. This declining trend in the current ratio suggests potential liquidity challenges or changes in the composition of current assets and liabilities.
Overall, it is important for EchoStar Corporation to closely monitor and manage its current assets and liabilities to ensure it maintains a healthy current ratio and adequate liquidity to meet its short-term financial commitments. The company should assess its working capital management strategies and consider implementing measures to optimize its liquidity position.
Peer comparison
Dec 31, 2024