Tegna Inc (TGNA)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,050,320 | 1,242,400 | 1,143,900 | 1,400,010 | 1,303,710 | 1,071,050 | 885,377 | 768,751 | 787,589 | 757,111 | 698,418 | 692,961 | 672,594 | 763,281 | 711,057 | 646,883 | 707,324 | 648,331 | 536,524 | 519,399 |
| Total current liabilities | US$ in thousands | 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 | 361,158 | 374,839 | 276,537 | 323,538 |
| Current ratio | 2.48 | 3.47 | 3.44 | 3.70 | 3.33 | 2.71 | 2.39 | 2.02 | 2.10 | 2.16 | 2.20 | 1.78 | 1.59 | 1.91 | 2.25 | 2.00 | 1.96 | 1.73 | 1.94 | 1.61 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,050,320K ÷ $423,372K
= 2.48
The current ratio of TEGNA Inc has shown fluctuations over the past eight quarters. The ratio measures the company's ability to cover its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position.
In Q4 2023, the current ratio was 2.48, showing a decrease from the previous quarter but still above 2. This suggests that the company had $2.48 in current assets to cover each dollar of current liabilities.
The highest current ratio in the provided data was seen in Q1 2023 at 3.70, indicating a robust liquidity position during that period. This was followed by Q3 2023 and Q2 2023, which also had strong current ratios of 3.47 and 3.44, respectively.
In contrast, the lowest current ratio was observed in Q1 2022 at 2.02, indicating a comparatively weaker liquidity position during that period. However, the ratio improved steadily in subsequent quarters.
Overall, TEGNA Inc has maintained a current ratio above 2 for the past two years, demonstrating a generally healthy ability to meet its short-term obligations with its current assets. Investors and analysts typically look for consistent and strong current ratios as a sign of a company's financial health.
Peer comparison
Dec 31, 2023