Telephone and Data Systems Inc (TDS)
Cash 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 and cash equivalents | US$ in thousands | 236,000 | 256,000 | 251,000 | 259,000 | 360,000 | 442,000 | 466,000 | 549,000 | 367,000 | 725,000 | 385,000 | 1,042,000 | 1,429,000 | 1,076,000 | 565,000 | 421,000 | 465,000 | 853,000 | 834,000 | 959,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 3,000 | 3,000 | — | — | — | 0 | 0 | 18,000 | 17,000 |
| Total current liabilities | US$ in thousands | 1,184,000 | 1,327,000 | 1,278,000 | 1,225,000 | 1,514,000 | 1,409,000 | 1,234,000 | 1,115,000 | 1,180,000 | 1,288,000 | 986,000 | 963,000 | 1,153,000 | 965,000 | 882,000 | 900,000 | 962,000 | 1,001,000 | 925,000 | 965,000 |
| Cash ratio | 0.20 | 0.19 | 0.20 | 0.21 | 0.24 | 0.31 | 0.38 | 0.49 | 0.31 | 0.56 | 0.39 | 1.09 | 1.24 | 1.12 | 0.64 | 0.47 | 0.48 | 0.85 | 0.92 | 1.01 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($236,000K
+ $—K)
÷ $1,184,000K
= 0.20
The cash ratio of Telephone And Data Systems, Inc. has shown some fluctuations over the past eight quarters. The company's cash ratio has generally been on a downward trend from Q1 2022 to Q4 2023, with the ratio declining from 0.65 to 0.32. This indicates that the company's cash and cash equivalents relative to its current liabilities have decreased over this period.
A cash ratio of 0.32 as of Q4 2023 suggests that the company has $0.32 of cash for every $1 of current liabilities. While the ratio has decreased compared to previous quarters, it still indicates that the company has sufficient cash to cover its short-term obligations.
It is important to monitor the trend of the cash ratio over time to assess the company's liquidity position and its ability to meet its short-term obligations. Factors such as changes in operating cash flows, investment activities, and debt levels can influence the cash ratio and should be considered in the overall assessment of the company's financial health.
Peer comparison
Dec 31, 2023