Shenandoah Telecommunications Co (SHEN)

Cash 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
Cash and cash equivalents	US$ in thousands	46,272	43,099	43,779	389,735	139,255	35,966	26,304	48,396	44,061	33,033	33,335	53,981	84,344	532,544	248,789	229,182	195,397	184,050	143,712	120,232
Short-term investments	US$ in thousands	—	—	—	2,626	1,443	1,321	—	—	0	-1,739	801	801	801	862	844	840	13,769	13,034	—	—
Total current liabilities	US$ in thousands	114,571	123,133	112,089	91,033	98,355	84,421	81,831	92,236	100,245	78,941	71,054	57,058	67,290	485,423	1,156,540	1,202,320	755,859	1,232,110	145,327	139,644
Cash ratio		0.40	0.35	0.39	4.31	1.43	0.44	0.32	0.52	0.44	0.40	0.48	0.96	1.27	1.10	0.22	0.19	0.28	0.16	0.99	0.86

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($46,272K + $—K) ÷ $114,571K
= 0.40

The cash ratio of Shenandoah Telecommunications Co has shown fluctuations over the period under review, ranging from 0.16 to 4.31. The cash ratio is a measure of a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates that the company has a greater ability to cover its short-term obligations.

In analyzing the trend of the cash ratio, it is observed that it experienced a significant spike in the first quarter of 2024, reaching a high of 4.31, which may indicate an increase in the company's available cash relative to its short-term liabilities. However, this spike was followed by a decrease in the subsequent quarters, showing fluctuations in the company's cash position.

Overall, the cash ratio of Shenandoah Telecommunications Co fluctuated over the period, reflecting changes in the company's cash position and its ability to meet short-term obligations with available cash and cash equivalents. Evaluating the cash ratio alongside other financial ratios and performance indicators can provide a more comprehensive analysis of the company's financial health.