T-Mobile US Inc (TMUS)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 5,135,000 | 5,030,000 | 6,647,000 | 4,540,000 | 4,507,000 | 6,888,000 | 3,151,000 | 3,245,000 | 6,631,000 | 4,055,000 | 7,793,000 | 6,677,000 | 10,385,000 | 6,571,000 | 11,076,000 | 1,112,000 | 1,528,000 | 1,653,000 | 1,105,000 | 1,439,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 20,928,000 | 21,711,000 | 24,569,000 | 23,846,000 | 24,742,000 | 26,362,000 | 20,622,000 | 21,423,000 | 23,499,000 | 19,247,000 | 21,837,000 | 19,495,000 | 21,703,000 | 19,840,000 | 23,191,000 | 14,756,000 | 12,506,000 | 12,869,000 | 13,173,000 | 13,327,000 |
| Cash ratio | 0.25 | 0.23 | 0.27 | 0.19 | 0.18 | 0.26 | 0.15 | 0.15 | 0.28 | 0.21 | 0.36 | 0.34 | 0.48 | 0.33 | 0.48 | 0.08 | 0.12 | 0.13 | 0.08 | 0.11 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($5,135,000K
+ $—K)
÷ $20,928,000K
= 0.25
The cash ratio of T-Mobile US Inc has shown some fluctuations in recent quarters. The cash ratio measures the ability of a company to cover its short-term liabilities with its cash and cash equivalents.
In Q4 2023, the cash ratio improved to 0.39 from 0.37 in Q3 2023, indicating that T-Mobile had a slightly higher level of cash to cover its short-term obligations. This could suggest improved liquidity and financial health.
Comparing the most recent quarters to the same period in the previous year, there has been a noticeable improvement in the cash ratio from Q4 2022 to Q4 2023, indicating that T-Mobile has strengthened its liquidity position over this period.
Overall, the cash ratio trend for T-Mobile US Inc shows a positive direction, with higher ratios indicating better ability to meet short-term obligations with available cash. However, it is important to continue monitoring this ratio in subsequent quarters to assess the company's liquidity position.