AT&T Inc (T)

Cash ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash and cash equivalents	US$ in thousands	6,722,000	3,701,000	19,223,000	7,924,000	9,702,000
Short-term investments	US$ in thousands	80,000	38,000	1,946,000	1,816,000	2,428,000
Total current liabilities	US$ in thousands	51,127,000	56,173,000	106,230,000	63,438,000	68,911,000
Cash ratio		0.13	0.07	0.20	0.15	0.18

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($6,722,000K + $80,000K) ÷ $51,127,000K
= 0.13

The cash ratio of AT&T, Inc. has fluctuated over the past five years. The cash ratio measures a company's ability to cover its short-term liabilities using its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.

In 2023, AT&T's cash ratio improved to 0.47 compared to 0.33 in 2022, indicating an increase in the company's ability to cover its short-term liabilities with cash on hand. This improvement suggests better liquidity and financial stability.

However, the cash ratio in 2023 is slightly below the ratio reported in 2020 and 2019, which were 0.50 and 0.47, respectively. This indicates a slight decrease in AT&T's ability to cover short-term liabilities with cash compared to those years.

Overall, while the cash ratio for AT&T, Inc. fluctuated over the past five years, it has generally remained around the 0.45 range, indicating that the company has maintained a moderate level of liquidity to meet its short-term obligations. It is important for investors and stakeholders to continue monitoring the company's cash position to ensure its financial health and stability.