Telephone and Data Systems Inc (TDS)

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	1,660,000	1,680,000	1,746,000	1,903,000	2,028,000	2,086,000	2,051,000	2,085,000	2,044,000	2,297,000	1,991,000	2,642,000	3,026,000	2,670,000	2,086,000	1,950,000	1,921,000	2,245,000	2,228,000	2,335,000
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
Current ratio		1.40	1.27	1.37	1.55	1.34	1.48	1.66	1.87	1.73	1.78	2.02	2.74	2.62	2.77	2.37	2.17	2.00	2.24	2.41	2.42

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,660,000K ÷ $1,184,000K
= 1.40

The current ratio measures a company's ability to cover its short-term liabilities with its current assets. Telephone And Data Systems, Inc. has exhibited some fluctuations in its current ratio over the past eight quarters, ranging from a low of 1.27 to a high of 1.87.

In Q4 2023, the current ratio was 1.40, indicating that the company had $1.40 in current assets to cover every $1 in current liabilities. This ratio has decreased compared to the previous quarter but remains above 1, suggesting that the company's short-term liquidity position is still relatively strong.

Over the past two years, Telephone And Data Systems, Inc. has generally maintained current ratios above 1.30, indicating that it has consistently had a sufficient level of current assets to meet its short-term obligations. However, the decreasing trend in the current ratio in recent quarters may be a cause for further analysis to understand the underlying reasons for this change and assess the company's liquidity and financial health.