Shenandoah Telecommunications Co (SHEN)

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	176,071	74,454	78,911	104,523	128,562	117,739	129,812	126,110	166,367	574,033	1,429,140	1,426,270	1,406,610	1,410,990	299,533	257,909	241,853	221,640	222,148	187,785
Total current liabilities	US$ in thousands	98,355	84,421	81,831	92,236	96,421	78,941	71,054	57,058	67,290	485,423	1,156,540	1,202,320	1,208,060	1,232,110	145,327	139,644	153,577	132,055	127,781	119,121
Current ratio		1.79	0.88	0.96	1.13	1.33	1.49	1.83	2.21	2.47	1.18	1.24	1.19	1.16	1.15	2.06	1.85	1.57	1.68	1.74	1.58

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $176,071K ÷ $98,355K
= 1.79

The current ratio of Shenandoah Telecommunications Co. has fluctuated over the past eight quarters, ranging from a low of 0.88 in Q3 2023 to a high of 2.21 in Q1 2022. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities to cover its short-term obligations.

In the most recent quarter, Q4 2023, the current ratio improved to 1.79 from the previous quarter's 0.88, which suggests an enhanced ability to meet its short-term obligations with its current assets. However, this improvement followed a notable decline in the current ratio in Q3 2023.

Further analysis of the trend over time is necessary to understand the company's liquidity position. It is important to consider the industry benchmarks and compare the current ratios of Shenandoah Telecommunications Co. with its peers to get a better perspective on its liquidity management.