Tegna Inc (TGNA)

Cash 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 and cash equivalents US$ in thousands 693,214 536,253 445,729 430,764 361,036 553,030 489,373 683,179 551,681 376,641 200,770 43,316 56,989 51,214 57,262 12,853 40,968 164,586 173,070 35,059
Short-term investments US$ in thousands — — 861,528 — — — — — — — — — — — 131,717 136,219 136,219 143,206 — —
Total current liabilities US$ in thousands 466,280 466,710 425,777 433,978 423,372 357,636 332,744 378,196 391,024 395,031 370,726 379,795 375,132 350,753 317,812 389,241 424,175 399,344 316,538 323,510
Cash ratio 1.49 1.15 3.07 0.99 0.85 1.55 1.47 1.81 1.41 0.95 0.54 0.11 0.15 0.15 0.59 0.38 0.42 0.77 0.55 0.11

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($693,214K + $—K) ÷ $466,280K
= 1.49

The cash ratio indicates a company's ability to cover its short-term liabilities with its cash and cash equivalents.

For Tegna Inc, the cash ratio fluctuated over the period from March 31, 2020, to December 31, 2024. It ranged from a low of 0.11 on March 31, 2020, to a high of 3.07 on June 30, 2024. Generally, a higher cash ratio is considered favorable as it suggests the company has more liquid assets to cover its short-term obligations.

During the period, Tegna Inc experienced significant fluctuations in its cash ratio, which may indicate fluctuations in its cash holdings or changes in its short-term liabilities. The cash ratio was at its lowest levels in early 2020 and showed a gradual increase over time, peaking in mid-2024.

It is essential for investors and analysts to monitor Tegna Inc's cash ratio regularly to assess its liquidity position and ability to meet its short-term obligations. Additionally, a high cash ratio may also indicate that the company is being too conservative in managing its cash and could consider more efficient uses of its liquidity.