Telephone and Data Systems Inc (TDS)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,660,000 | 2,028,000 | 2,044,000 | 3,026,000 | 1,921,000 |
| Total current liabilities | US$ in thousands | 1,184,000 | 1,514,000 | 1,180,000 | 1,153,000 | 962,000 |
| Current ratio | 1.40 | 1.34 | 1.73 | 2.62 | 2.00 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,660,000K ÷ $1,184,000K
= 1.40
The current ratio of Telephone And Data Systems, Inc. has fluctuated over the past five years. In 2023, the current ratio stood at 1.40, indicating that the company had $1.40 in current assets for every $1 of current liabilities. This ratio has improved compared to 2022 when it was 1.34.
Looking further back, in 2021 the current ratio was 1.73, showing a stronger liquidity position than in 2023. The ratio decreased significantly in 2020 to 2.62, indicating a substantial decrease in current liabilities compared to 2021. In 2019, the current ratio was 2.00, also showing a solid liquidity position.
Overall, while the current ratio has shown some variability in recent years, it generally suggests that Telephone And Data Systems, Inc. has had a reasonably strong ability to cover its short-term obligations with its current assets. However, the downward trend over the past two years should be monitored for potential implications on the company's liquidity position and ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023