AT&T Inc (T)

Quick 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
Cash	US$ in thousands	6,722,000	7,540,000	9,528,000	2,821,000	3,701,000	2,423,000	4,018,000	17,084,000	19,223,000	18,485,000	11,869,000	11,342,000	7,924,000	9,758,000	16,941,000	9,955,000	9,702,000	6,588,000	8,423,000	6,516,000
Short-term investments	US$ in thousands	80,000	94,000	74,000	39,000	38,000	71,000	83,000	21,481,000	1,946,000	2,785,000	—	1,805,000	1,816,000	2,325,000	—	—	2,428,000	102,000	26,000	46,000
Receivables	US$ in thousands	10,289,000	8,962,000	9,304,000	10,214,000	11,466,000	11,384,000	11,377,000	17,218,000	17,571,000	16,304,000	15,771,000	16,971,000	20,215,000	19,379,000	19,127,000	19,908,000	22,636,000	22,921,000	22,381,000	23,863,000
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
Quick ratio		0.33	0.32	0.35	0.22	0.27	0.27	0.31	0.68	0.36	0.46	0.34	0.39	0.47	0.53	0.52	0.43	0.50	0.43	0.46	0.47

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($6,722,000K + $80,000K + $10,289,000K) ÷ $51,127,000K
= 0.33

The quick ratio of AT&T, Inc. has been fluctuating over the past eight quarters, ranging from 0.47 to 0.89. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A higher quick ratio indicates a stronger ability to cover short-term liabilities.

In Q1 2022, AT&T had a quick ratio of 0.89, indicating a robust liquidity position. However, the quick ratio decreased in subsequent quarters, reaching its lowest point of 0.47 in Q1 2023. This significant decline may raise concerns about the company's ability to meet its short-term obligations using its current liquid assets.

While the quick ratio improved slightly in the following quarters, it remained below 1, with values ranging from 0.63 to 0.67. This suggests that AT&T may face challenges in meeting its short-term obligations with its readily available assets.

Overall, the fluctuating trend in the quick ratio of AT&T indicates varying levels of liquidity and highlights the importance of monitoring the company's ability to manage its short-term financial commitments effectively.