AT&T Inc (T)
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 | 36,458,000 | 35,620,000 | 36,672,000 | 29,903,000 | 33,108,000 | 32,295,000 | 34,485,000 | 76,856,000 | 170,768,000 | 57,230,000 | 62,869,000 | 62,754,000 | 52,008,000 | 49,971,000 | 56,555,000 | 52,704,000 | 54,761,000 | 50,695,000 | 47,218,000 | 46,472,000 |
| Total current liabilities | US$ in thousands | 51,127,000 | 51,684,000 | 54,159,000 | 58,150,000 | 56,173,000 | 52,257,000 | 49,189,000 | 82,494,000 | 106,230,000 | 81,601,000 | 82,126,000 | 76,608,000 | 63,438,000 | 59,565,000 | 69,469,000 | 69,704,000 | 68,911,000 | 68,126,000 | 66,376,000 | 64,652,000 |
| Current ratio | 0.71 | 0.69 | 0.68 | 0.51 | 0.59 | 0.62 | 0.70 | 0.93 | 1.61 | 0.70 | 0.77 | 0.82 | 0.82 | 0.84 | 0.81 | 0.76 | 0.79 | 0.74 | 0.71 | 0.72 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $36,458,000K ÷ $51,127,000K
= 0.71
The current ratio of AT&T, Inc. has shown some fluctuations over the past eight quarters. The current ratio measures the company's ability to cover its short-term obligations with its current assets.
In Q4 2023, the current ratio stood at 0.71, which indicates that the company had current assets equivalent to 71% of its current liabilities. This marks a slight improvement from the previous quarter's ratio of 0.69 and shows a positive trend.
The current ratio had been on a declining trend from Q1 2023 to Q3 2023, reaching its lowest point of 0.51 in Q1 2023. A ratio below 1 suggests that AT&T might be facing challenges in meeting its short-term obligations with its current assets during that period.
Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), there has been an improvement in the current ratio from 0.59 to 0.71, indicating a stronger ability to cover short-term liabilities with current assets.
Overall, while the current ratio of AT&T has shown some volatility, the recent uptick in the ratio suggests a better position in terms of liquidity compared to previous quarters. However, it is essential to keep monitoring this ratio to ensure the company's ability to meet its short-term obligations remains stable.
Peer comparison
Dec 31, 2023