EchoStar Corporation (SATS)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 4,456,290 | 1,821,380 | 704,541 | 535,894 | 896,005 |
| Short-term investments | US$ in thousands | 1,242,040 | 623,044 | 973,915 | 1,010,500 | 1,638,270 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 5,831,040 | 8,018,590 | 422,831 | 460,123 | 1,425,170 |
| Quick ratio | 0.98 | 0.30 | 3.97 | 3.36 | 1.78 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,456,290K
+ $1,242,040K
+ $—K)
÷ $5,831,040K
= 0.98
The quick ratio of EchoStar Corporation over the past five years shows varying levels of liquidity.
- In December 31, 2020, the quick ratio was 1.78 indicating that the company had $1.78 of liquid assets available to cover each $1 of current liabilities.
- The ratio improved significantly to 3.36 by December 31, 2021, suggesting a stronger liquidity position.
- The quick ratio continued to increase to 3.97 by December 31, 2022, reflecting a further improvement in the company's ability to meet short-term obligations.
- However, there was a substantial decline in liquidity by December 31, 2023, with a quick ratio of only 0.30, indicating potential cash flow challenges in covering immediate liabilities.
- By December 31, 2024, the quick ratio increased to 0.98, still below the benchmark of 1, suggesting the company may face liquidity constraints in the short term.
Overall, while the quick ratio has shown fluctuations over the years, it is important for EchoStar Corporation to maintain a healthy level of liquidity to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024