Shenandoah Telecommunications Co (SHEN)

Cash ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash and cash equivalents	US$ in thousands	139,255	44,061	84,344	195,397	101,651
Short-term investments	US$ in thousands	2,290	1,889	2,317	2,687	2,278
Total current liabilities	US$ in thousands	98,355	96,421	67,290	1,208,060	153,577
Cash ratio		1.44	0.48	1.29	0.16	0.68

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($139,255K + $2,290K) ÷ $98,355K
= 1.44

The cash ratio of Shenandoah Telecommunications Co. has exhibited significant fluctuations over the past five years. The cash ratio was 1.54 in 2023, indicating that the company had $1.54 of cash and cash equivalents for every $1 of current liabilities. This represents a substantial increase from the previous year, where the cash ratio was 0.58.

In 2021, the cash ratio was 1.68, which was the highest among the five years analyzed. This suggests that the company had a strong ability to cover its short-term obligations with its cash holdings in that year. In contrast, the cash ratio was only 0.17 in 2020, indicating a significant decrease in the company's liquidity position.

In 2019, the cash ratio was 1.08, showing a moderate level of liquidity compared to the other years. Overall, the trend in the cash ratio of Shenandoah Telecommunications Co. demonstrates varying levels of liquidity over the past five years, with notable fluctuations in the company's ability to cover its short-term liabilities with its available cash resources.