Telephone and Data Systems Inc (TDS)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 364,000 | 451,000 | 346,000 | 278,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 487,000 | 3,000 | 3,000 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,090,000 | 1,098,000 | 1,086,000 | 1,031,000 | 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 |
| Quick ratio | 0.33 | 0.41 | 0.32 | 0.27 | 0.20 | 0.19 | 0.20 | 0.21 | 0.24 | 0.31 | 0.38 | 0.49 | 0.31 | 0.56 | 0.88 | 1.09 | 1.24 | 1.12 | 0.64 | 0.47 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($364,000K
+ $—K
+ $—K)
÷ $1,090,000K
= 0.33
The quick ratio of Telephone and Data Systems Inc has shown fluctuations over the past few years. Starting from a low of 0.47 as of March 31, 2020, the ratio gradually improved to reach its peak of 1.24 by December 31, 2020. This indicates the company had sufficient liquid assets to cover its current liabilities during that period.
However, the quick ratio experienced a decline in the subsequent quarters, dropping to 0.31 by December 31, 2021. This suggests a potential liquidity strain as the company may struggle to meet its short-term obligations using its quick assets alone.
Despite some fluctuations, the quick ratio remained relatively low in the following periods, hovering between 0.20 and 0.49. This may raise concerns about the company's ability to quickly cover its current liabilities without relying on selling inventory or other less liquid assets.
Overall, the trend in Telephone and Data Systems Inc's quick ratio indicates some variability in its liquidity position, which requires continuous monitoring to ensure the company can meet its short-term obligations efficiently.
Peer comparison
Dec 31, 2024