Warner Bros Discovery Inc (WBD)
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 | 3,780,000 | 2,383,000 | 3,027,000 | 2,594,000 | 3,731,000 | 2,422,000 | 2,575,000 | 4,162,000 | 3,905,000 | 3,116,000 | 2,834,000 | 2,008,000 | 2,091,000 | 1,893,000 | 1,683,000 | 1,453,000 | 1,552,000 | 813,000 | 1,321,000 | 745,000 |
| Short-term investments | US$ in thousands | 53,000 | 41,000 | 43,000 | 53,000 | 28,000 | 14,000 | 2,000 | — | 120,000 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 15,332,000 | 14,588,000 | 16,906,000 | 16,380,000 | 15,017,000 | 14,676,000 | 14,436,000 | 3,562,000 | 3,459,000 | 3,335,000 | 3,565,000 | 3,142,000 | 3,082,000 | 2,756,000 | 2,576,000 | 2,875,000 | 3,239,000 | 2,837,000 | 3,874,000 | 3,475,000 |
| Cash ratio | 0.25 | 0.17 | 0.18 | 0.16 | 0.25 | 0.17 | 0.18 | 1.17 | 1.16 | 0.93 | 0.79 | 0.64 | 0.68 | 0.69 | 0.65 | 0.51 | 0.48 | 0.29 | 0.34 | 0.21 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,780,000K
+ $53,000K)
÷ $15,332,000K
= 0.25
Warner Bros. Discovery Inc's cash ratio has shown fluctuation over the past eight quarters, ranging from 0.41 to 1.33. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without needing to rely on external sources of funding.
In Q1 2022, Warner Bros. Discovery Inc had a notably high cash ratio of 1.33, suggesting a comfortable cash position relative to its short-term liabilities. However, there was a significant decrease in the cash ratio in subsequent quarters, with Q2 2022 showing a ratio of 0.58, and further declines in the following quarters. This downward trend indicates a potential decrease in the company's liquidity position over time.
Despite the fluctuations, Warner Bros. Discovery Inc's cash ratio has generally remained above 0.4, indicating a consistent ability to cover its short-term obligations with its available cash. However, the company may need to closely monitor its liquidity position to ensure it can meet its financial commitments in the future, especially considering the recent downward trend in the cash ratio.
Peer comparison
Dec 31, 2023