The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Altice USA's Cash Ratio for the quarter that ended in Mar. 2022 was 0.07.
Altice USA has a Cash Ratio of 0.07. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Altice USA's Cash Ratio or its related term are showing as below:
ATUS'
s Cash Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.1 Max: 0.53
Current: 0.07
During the past 6 years, Altice USA's highest Cash Ratio was 0.53. The lowest was 0.06. And the median was 0.10.
ATUS's Cash Ratio is ranked worse than 90.84% of 404
companies
in the Telecommunication Services industry
Industry Median: 0.41
vs ATUS: 0.07
Altice USA Cash Ratio Historical Data
The historical data trend for Altice USA's Cash Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Altice USA Annual Data
Trend
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Cash Ratio
0.13
0.15
0.35
0.09
0.07
Altice USA Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Cash Ratio
0.07
0.07
0.06
0.07
0.07
Competitive Comparison
For the Telecom Services subindustry, Altice USA's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Altice USA Cash Ratio Distribution
For the Telecommunication Services industry and Communication Services sector, Altice USA's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Altice USA's Cash Ratio falls into.
Altice USA Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Altice USA's Cash Ratio for the fiscal year that ended in Dec. 2021 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Altice USA (NYSE:ATUS) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Altice USA Cash Ratio Related Terms
Thank you for viewing the detailed overview of Altice USA's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Altice Europe acquired privately held U.S. cable company Suddenlink in 2015 and Cablevision in 2016. Suddenlink's networks provided television, internet access, and phone services to roughly 3.5 million U.S. homes and businesses located primarily in smaller markets, with major clusters in Texas, West Virginia, Idaho, Arizona, and Louisiana. Cablevision provided comparable services to about 5.5 million homes and business in the New York City metro area. Altice Europe spun off Altice USA, which includes both the Suddenlink and Cablevision operations, to shareholders in 2018. Altice USA also owns News 12 Networks, which broadcasts local 24-hour news networks in New York, i24News, a news operation focused on the Middle East and Israel, and Cheddar, a news upstart.
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