Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
AT&T Inc., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | AT&T Inc. current ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | AT&T Inc. quick ratio improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | AT&T Inc. cash ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Current Ratio
AT&T Inc., current ratio calculation (quarterly data)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Current assets | 29,799) | 29,868) | 30,445) | 36,458) | 35,620) | 36,672) | 29,903) | 33,108) | 32,295) | 34,485) | 76,856) | 59,997) | 57,230) | 62,869) | 62,754) | 52,008) | 49,971) | 56,555) | 52,704) | 54,761) | 50,695) | 47,218) | 46,472) | |||||||
| Current liabilities | 40,658) | 42,429) | 44,834) | 51,127) | 51,684) | 54,159) | 58,150) | 56,173) | 52,257) | 49,189) | 82,494) | 85,588) | 81,601) | 82,126) | 76,608) | 63,438) | 59,565) | 69,469) | 69,704) | 68,911) | 68,126) | 66,376) | 64,652) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||
| Current ratio1 | 0.73 | 0.70 | 0.68 | 0.71 | 0.69 | 0.68 | 0.51 | 0.59 | 0.62 | 0.70 | 0.93 | 0.70 | 0.70 | 0.77 | 0.82 | 0.82 | 0.84 | 0.81 | 0.76 | 0.79 | 0.74 | 0.71 | 0.72 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||||||
| T-Mobile US Inc. | 1.08 | 0.84 | 0.94 | 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 | |||||||
| Verizon Communications Inc. | 0.66 | 0.63 | 0.71 | 0.69 | 0.68 | 0.73 | 0.75 | 0.75 | 0.75 | 0.76 | 0.76 | 0.78 | 0.97 | 0.89 | 1.02 | 1.38 | 1.07 | 0.96 | 0.99 | 0.84 | 0.89 | 0.87 | 0.87 | |||||||
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q3 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 29,799 ÷ 40,658 = 0.73
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | AT&T Inc. current ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Quick Ratio
AT&T Inc., quick ratio calculation (quarterly data)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Cash and cash equivalents | 2,586) | 3,093) | 3,520) | 6,722) | 7,540) | 9,528) | 2,821) | 3,701) | 2,423) | 4,018) | 38,565) | 21,169) | 21,270) | 11,869) | 11,342) | 9,740) | 9,758) | 16,941) | 9,955) | 12,130) | 6,588) | 8,423) | 6,516) | |||||||
| Accounts receivable, net of related allowances for credit loss | 9,068) | 9,686) | 9,577) | 10,289) | 8,962) | 9,304) | 10,214) | 11,466) | 11,384) | 11,377) | 17,218) | 17,571) | 16,304) | 15,771) | 16,971) | 20,215) | 19,379) | 19,127) | 19,908) | 22,636) | 22,921) | 22,381) | 23,863) | |||||||
| Total quick assets | 11,654) | 12,779) | 13,097) | 17,011) | 16,502) | 18,832) | 13,035) | 15,167) | 13,807) | 15,395) | 55,783) | 38,740) | 37,574) | 27,640) | 28,313) | 29,955) | 29,137) | 36,068) | 29,863) | 34,766) | 29,509) | 30,804) | 30,379) | |||||||
| Current liabilities | 40,658) | 42,429) | 44,834) | 51,127) | 51,684) | 54,159) | 58,150) | 56,173) | 52,257) | 49,189) | 82,494) | 85,588) | 81,601) | 82,126) | 76,608) | 63,438) | 59,565) | 69,469) | 69,704) | 68,911) | 68,126) | 66,376) | 64,652) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||
| Quick ratio1 | 0.29 | 0.30 | 0.29 | 0.33 | 0.32 | 0.35 | 0.22 | 0.27 | 0.26 | 0.31 | 0.68 | 0.45 | 0.46 | 0.34 | 0.37 | 0.47 | 0.49 | 0.52 | 0.43 | 0.50 | 0.43 | 0.46 | 0.47 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||||||
| T-Mobile US Inc. | 0.84 | 0.64 | 0.73 | 0.68 | 0.64 | 0.65 | 0.58 | 0.57 | 0.62 | 0.62 | 0.58 | 0.66 | 0.65 | 0.75 | 0.72 | 0.84 | 0.70 | 0.76 | 0.36 | 0.48 | 0.46 | 0.41 | 0.43 | |||||||
| Verizon Communications Inc. | 0.50 | 0.46 | 0.52 | 0.51 | 0.50 | 0.54 | 0.53 | 0.54 | 0.48 | 0.52 | 0.54 | 0.57 | 0.78 | 0.65 | 0.84 | 1.16 | 0.87 | 0.79 | 0.75 | 0.62 | 0.71 | 0.70 | 0.69 | |||||||
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q3 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 11,654 ÷ 40,658 = 0.29
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | AT&T Inc. quick ratio improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024. |
Cash Ratio
AT&T Inc., cash ratio calculation (quarterly data)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Cash and cash equivalents | 2,586) | 3,093) | 3,520) | 6,722) | 7,540) | 9,528) | 2,821) | 3,701) | 2,423) | 4,018) | 38,565) | 21,169) | 21,270) | 11,869) | 11,342) | 9,740) | 9,758) | 16,941) | 9,955) | 12,130) | 6,588) | 8,423) | 6,516) | |||||||
| Total cash assets | 2,586) | 3,093) | 3,520) | 6,722) | 7,540) | 9,528) | 2,821) | 3,701) | 2,423) | 4,018) | 38,565) | 21,169) | 21,270) | 11,869) | 11,342) | 9,740) | 9,758) | 16,941) | 9,955) | 12,130) | 6,588) | 8,423) | 6,516) | |||||||
| Current liabilities | 40,658) | 42,429) | 44,834) | 51,127) | 51,684) | 54,159) | 58,150) | 56,173) | 52,257) | 49,189) | 82,494) | 85,588) | 81,601) | 82,126) | 76,608) | 63,438) | 59,565) | 69,469) | 69,704) | 68,911) | 68,126) | 66,376) | 64,652) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||
| Cash ratio1 | 0.06 | 0.07 | 0.08 | 0.13 | 0.15 | 0.18 | 0.05 | 0.07 | 0.05 | 0.08 | 0.47 | 0.25 | 0.26 | 0.14 | 0.15 | 0.15 | 0.16 | 0.24 | 0.14 | 0.18 | 0.10 | 0.13 | 0.10 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||||||
| T-Mobile US Inc. | 0.47 | 0.28 | 0.33 | 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 | |||||||
| Verizon Communications Inc. | 0.08 | 0.04 | 0.04 | 0.04 | 0.08 | 0.09 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.06 | 0.24 | 0.12 | 0.26 | 0.56 | 0.25 | 0.20 | 0.17 | 0.06 | 0.08 | 0.05 | 0.06 | |||||||
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q3 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,586 ÷ 40,658 = 0.06
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | AT&T Inc. cash ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |