T-Mobile US Inc (TMUS)
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 | 19,015,000 | 18,669,000 | 20,237,000 | 18,876,000 | 19,067,000 | 21,427,000 | 17,476,000 | 17,455,000 | 20,891,000 | 16,772,000 | 20,570,000 | 18,779,000 | 23,885,000 | 19,465,000 | 24,321,000 | 9,487,000 | 9,305,000 | 8,458,000 | 8,114,000 | 8,745,000 |
| 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 |
| Current ratio | 0.91 | 0.86 | 0.82 | 0.79 | 0.77 | 0.81 | 0.85 | 0.81 | 0.89 | 0.87 | 0.94 | 0.96 | 1.10 | 0.98 | 1.05 | 0.64 | 0.74 | 0.66 | 0.62 | 0.66 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $19,015,000K ÷ $20,928,000K
= 0.91
The current ratio of T-Mobile US Inc has exhibited a fluctuating trend over the past eight quarters. The ratio has ranged from 0.77 to 0.91, indicating the company's ability to cover its short-term obligations with its current assets has varied.
In the most recent quarter, Q4 2023, the current ratio was 0.91, which was the highest among the reported quarters. This suggests that T-Mobile had $0.91 in current assets for every $1 in current liabilities during this period, reflecting a relatively stronger liquidity position.
Conversely, in Q1 2023, the current ratio decreased to 0.79, the lowest among the reported quarters. This implies that T-Mobile had $0.79 in current assets for every $1 in current liabilities, indicating a comparatively weaker liquidity position.
Overall, T-Mobile's current ratio has shown some fluctuation, and investors and stakeholders may want to monitor this ratio closely to assess the company's short-term liquidity and ability to meet its immediate financial obligations effectively.