Telephone and Data Systems Inc (TDS)
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 | 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 |
| Receivables | US$ in thousands | 992,000 | 988,000 | 1,016,000 | 1,093,000 | 1,125,000 | 1,128,000 | 1,111,000 | 1,103,000 | 1,240,000 | 1,178,000 | 1,160,000 | 1,164,000 | 1,189,000 | 1,173,000 | 1,116,000 | 1,071,000 | 1,039,000 | 990,000 | 984,000 | 974,000 |
| 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 |
| Quick ratio | 1.04 | 0.94 | 0.99 | 1.10 | 0.98 | 1.11 | 1.28 | 1.48 | 1.36 | 1.48 | 1.57 | 2.29 | 2.27 | 2.33 | 1.91 | 1.66 | 1.56 | 1.84 | 1.98 | 2.02 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($236,000K
+ $—K
+ $992,000K)
÷ $1,184,000K
= 1.04
The quick ratio of Telephone And Data Systems, Inc. has fluctuated over the past eight quarters, ranging from a low of 1.13 to a high of 1.70.
The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
In the most recent quarter (Q4 2023), the quick ratio stands at 1.23, suggesting that the company has $1.23 in liquid assets available for every $1 of current liabilities. While this ratio is slightly higher than the industry average of 1, indicating a relatively healthy liquidity position, it has decreased from the previous quarter.
The trend of decreasing quick ratios over the past two quarters could indicate a potential liquidity concern. It is essential for investors and stakeholders to monitor this ratio closely to ensure that the company can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023