Shenandoah Telecommunications Co (SHEN)
Quick 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 | 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 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($46,272K
+ $—K
+ $—K)
÷ $114,571K
= 0.40
The quick ratio of Shenandoah Telecommunications Co has fluctuated over the reporting periods, indicating variability in the company's liquidity position. The quick ratio measures a company's ability to meet its short-term obligations using its most liquid assets. The quick ratio below 1.0 suggests that the company may have difficulty in meeting its short-term liabilities with its current quick assets alone.
From March 31, 2020, to December 31, 2021, the quick ratio ranged between 0.16 and 1.27, demonstrating some inconsistency in the company's liquidity. The quick ratio improved significantly in March 31, 2024, reaching a value of 4.31, which indicates a robust liquidity position at that point in time. However, this sharp increase may require further investigation to understand the factors contributing to such a significant improvement.
Overall, the quick ratio trend of Shenandoah Telecommunications Co shows both strengths and weaknesses in its liquidity management over the reporting periods, highlighting the importance of continuous monitoring and analysis of the company's financial health.
Peer comparison
Dec 31, 2024