Tegna Inc (TGNA)

Current 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
Total current assets US$ in thousands 1,360,410 1,215,740 1,099,010 1,095,990 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
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
Current ratio 2.92 2.60 2.58 2.53 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

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 shown fluctuations over the past few years. Generally, a current ratio above 1 indicates that a company has more current assets than current liabilities, which is considered a positive sign of liquidity and ability to meet short-term obligations.

Looking at the data provided, the current ratio of Tegna Inc was relatively stable around 2.00 in the beginning of 2020 but then increased to 2.71 by September 2022, indicating a strong ability to cover its short-term liabilities with current assets. However, there was a significant drop in the current ratio to 2.48 by December 2023, which may suggest a decrease in liquidity during that period.

Tegna Inc managed to improve its current ratio again to 2.92 by December 2024, showing signs of enhanced liquidity position. Overall, the trend in the current ratio demonstrates that Tegna Inc has maintained a generally healthy liquidity position over the years, with periodic fluctuations that may require further analysis to identify the underlying reasons.