AT&T Inc (T)

Cash ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash and cash equivalents	US$ in thousands	3,298,000	6,722,000	3,701,000	19,223,000	7,924,000
Short-term investments	US$ in thousands	—	80,000	38,000	1,946,000	1,816,000
Total current liabilities	US$ in thousands	46,872,000	51,127,000	56,173,000	106,230,000	63,438,000
Cash ratio		0.07	0.13	0.07	0.20	0.15

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,298,000K + $—K) ÷ $46,872,000K
= 0.07

The cash ratio for AT&T Inc has fluctuated over the years. As of December 31, 2020, the cash ratio was 0.15, indicating that the company had $0.15 in cash for every $1 of current liabilities. By the end of 2021, the cash ratio improved to 0.20, suggesting a stronger liquidity position. However, there was a notable decline in the cash ratio to 0.07 by the end of 2022, which may raise concerns about the company's ability to cover its short-term obligations. Subsequently, the cash ratio increased to 0.13 by the end of 2023, showing some improvement in liquidity. Nonetheless, by the end of 2024, the ratio dropped back to 0.07, indicating a potential strain on AT&T's cash position relative to its current liabilities. Overall, the fluctuation in the cash ratio suggests varying levels of liquidity risk and highlights the importance of monitoring AT&T's ability to meet its short-term obligations with available cash resources.