Tegna Inc (TGNA)

Current ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Total current assets US$ in thousands 1,360,410 1,050,320 1,303,710 787,589 672,594
Total current liabilities US$ in thousands 466,280 423,372 391,024 375,132 424,175
Current ratio 2.92 2.48 3.33 2.10 1.59

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,360,410K ÷ $466,280K
= 2.92

The current ratio of Tegna Inc has displayed variations over the past five years. As of December 31, 2020, the ratio stood at 1.59, indicating that the company's current assets were 1.59 times its current liabilities.

By December 31, 2021, the current ratio had improved to 2.10, suggesting a healthier liquidity position with current assets more than twice the value of current liabilities. This positive trend continued into December 31, 2022, where the ratio further increased to 3.33.

However, in the following year, as of December 31, 2023, the current ratio declined to 2.48. Although still above 2, this drop could indicate a potential decrease in liquidity compared to the previous year.

By the end of December 31, 2024, the current ratio had slightly recovered to 2.92, indicating an improvement in liquidity compared to the previous year but still slightly below the peak level in 2022.

Overall, Tegna Inc's current ratio has exhibited fluctuations, with periods of improvement and slight declines, showcasing changes in the company's ability to meet its short-term obligations with current assets.