EchoStar Corporation (SATS)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,891,810 | 2,472,940 | 2,396,780 | 2,179,740 | 6,757,710 | 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 | 2,836,210 | 2,934,090 | 2,875,610 | 3,677,640 |
| 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 |
| Current ratio | 0.61 | 6.23 | 6.02 | 5.76 | 1.05 | 5.02 | 4.51 | 4.56 | 4.19 | 4.01 | 3.54 | 2.03 | 2.04 | 2.10 | 2.08 | 6.20 | 5.72 | 6.35 | 6.10 | 2.73 |
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 fluctuated significantly over the past few quarters. The ratio measures the company's ability to cover its short-term liabilities with its short-term assets. A current ratio above 1 indicates that the company has more current assets than current liabilities.
Looking at the data provided:
- The current ratio has shown a decreasing trend from 6.35 in March 2019 to 0.61 in December 2023.
- The ratio experienced a sharp increase in September 2023 to 6.23, indicating a significant improvement in the company's liquidity position.
- However, the current ratio dropped again in the subsequent quarters, hovering around 4 to 5 in mid-2022 before declining further to around 2 in early 2023.
- The current ratio improved in the most recent quarter, reaching 5.76 in March 2023.
Overall, EchoStar Corporation's current ratio has been volatile, with periods of strong liquidity followed by decreases in liquidity. It is important for the company to consistently maintain a healthy current ratio above 1 to ensure it can meet its short-term obligations.
Further analysis of the company's working capital management and financial strategy would be necessary to fully understand the reasons behind the fluctuations in the current ratio.
Peer comparison
Dec 31, 2023