Shenandoah Telecommunications Co (SHEN)

Current 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
Total current assets	US$ in thousands	94,520	97,514	96,545	423,410	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	1,408,720	1,410,990	299,533	257,909
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
Current ratio		0.82	0.79	0.86	4.65	1.79	0.88	0.96	1.13	1.28	1.49	1.83	2.21	2.47	1.18	1.24	1.19	1.86	1.15	2.06	1.85

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $94,520K ÷ $114,571K
= 0.82

The current ratio of Shenandoah Telecommunications Co has exhibited fluctuating trends over the provided periods. The ratio, which represents the company's ability to cover its short-term liabilities with its current assets, ranged from a low of 0.79 on September 30, 2024, to a high of 4.65 on March 31, 2024.

The current ratio increased gradually from the end of 2020 to mid-2021, indicating an improvement in the company's liquidity position. However, starting from September 30, 2021, the ratio began to decline, reaching its lowest point at the end of 2024.

While a current ratio above 1 suggests that the company has sufficient current assets to cover its short-term obligations, the declining trend in recent periods may raise concerns about Shenandoah Telecommunications Co's liquidity and ability to meet its immediate financial commitments. Further analysis of the company's current asset composition and its ability to convert these assets into cash may be warranted to gain a deeper understanding of its liquidity position.