Tegna Inc (TGNA)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,050,320 | 1,303,710 | 787,589 | 672,594 | 707,324 |
| Total current liabilities | US$ in thousands | 423,372 | 391,024 | 375,132 | 424,175 | 361,158 |
| Current ratio | 2.48 | 3.33 | 2.10 | 1.59 | 1.96 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,050,320K ÷ $423,372K
= 2.48
The current ratio for TEGNA Inc has experienced fluctuations over the past five years. In 2023, the current ratio stands at 2.48, which indicates that the company has $2.48 in current assets for every $1 in current liabilities. Compared to the previous year, the current ratio has decreased from 3.33 to 2.48, suggesting a decrease in the firm's ability to cover its short-term liabilities with current assets.
Looking further back, the current ratio was relatively high in 2022 at 3.33, indicating a strong ability to meet short-term obligations. However, in 2021 and 2020, the current ratio was lower at 2.10 and 1.59 respectively, indicating a potential liquidity challenge in those years.
Overall, the current ratio trend for TEGNA Inc shows variability in its ability to manage short-term financial obligations over the past five years. The company should continue to monitor and improve its liquidity position to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023