Tegna Inc (TGNA)

Quick 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 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 — —
Receivables US$ in thousands — — — — — — — — — — — — — — — — — — — —
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
Quick 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

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

The quick ratio of Tegna Inc, which measures the company's ability to meet its short-term liabilities with its most liquid assets, has shown some fluctuations over the periods indicated in the data.

From March 31, 2020, where the quick ratio was at a low of 0.11, the ratio improved significantly by June 30, 2020, reaching 0.55. The ratio continued to increase over the next several quarters, hitting its highest point of 3.07 on June 30, 2024. This peak indicates that the company had a strong ability to cover its short-term obligations with its highly liquid assets at that time.

However, there were also periods of decline in the quick ratio throughout the data timeline. For instance, there was a notable drop in the ratio from September 30, 2022 (0.95) to December 31, 2022 (1.41), followed by a decline to 0.85 by December 31, 2023. This downward trend suggests a potential decrease in the company's ability to quickly cover its current liabilities with its liquid assets during those periods.

Overall, the quick ratio of Tegna Inc has experienced fluctuations over time, with both improvements and declines. It is important for investors and analysts to monitor this ratio closely to assess the company's liquidity position and its ability to manage short-term obligations effectively.