Market Cap : 4.78 B | Enterprise Value : 7.68 B | PE Ratio : 9.55 | PB Ratio : 1.83 |
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The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Tegna's quick ratio for the quarter that ended in Jun. 2022 was 2.39.
Tegna has a quick ratio of 2.39. It generally indicates good short-term financial strength.
The historical rank and industry rank for Tegna's Quick Ratio or its related term are showing as below:
During the past 13 years, Tegna's highest Quick Ratio was 2.49. The lowest was 0.62. And the median was 1.19.
TGNA's Quick Ratio is ranked better thanThe historical data trend for Tegna's Quick 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.
For the Broadcasting subindustry, Tegna's Quick Ratio, along with its competitors' market caps and Quick 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.
For the Media - Diversified industry and Communication Services sector, Tegna's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Tegna's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Tegna's Quick Ratio for the fiscal year that ended in Dec. 2021 is calculated as
Quick Ratio (A: Dec. 2021 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (787.589 | - | 0) | / | 375.132 | |
= | 2.10 |
Tegna's Quick Ratio for the quarter that ended in Jun. 2022 is calculated as
Quick Ratio (Q: Jun. 2022 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (885.377 | - | 0) | / | 370.726 | |
= | 2.39 |
* 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.
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Thank you for viewing the detailed overview of Tegna's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Kim Soohyung | 10 percent owner | C/O STANDARD GENERAL L.P. 767 FIFTH AVENUE, 12TH FLOOR NEW YORK NY 10153 |
Standard General L.p. | 10 percent owner | 767 FIFTH AVENUE 12TH FLOOR NEW YORK NY 10153 |
Grimes Karen H. | director | TOLL BROTHERS, INC. 1140 VIRGINIA DRIVE FORT WASHINGTON PA 19034 |
Harrison Akinyale S. | officer: SVP, General Counsel and Sec. | C/O TEGNA INC. 7950 JONES BRANCH DRIVE MCLEAN VA 22107 |
Bianchini Gina L | director | 312 WALNUT STREET, SUITE 1800 CINCINNATI OH 45202 |
Epstein Stuart J. | director | C/O TEGNA INC. 7950 JONES BRANCH DRIVE MCLEAN VA 22107 |
Witmer Melinda | director | C/O TEGNA INC. 7950 JONES BRANCH DRIVE MCLEAN VA 22107 |
Trelstad Lynn B. | officer: EVP and COO - Media Operations | C/O TEGNA INC. 7950 JONES BRANCH DRIVE MCLEAN VA 22107 |
Nolop Bruce P | director | C/O E*TRADE FINANCIAL CORPORATE SERVICES 135 EAST 57TH STREET NEW YORK NY 10022 |
Mccune Scott K | director | C/O GANNETT CO., INC. 7950 JONES BRANCH DRIVE MCLEAN VA 22107 |
Shapiro Neal | director | GANNETT CO., INC. 7950 JONES BRANCH DRIVE MCLEAN VA 22107 |
Ness Susan | director | C/O ADELPHIA COMMUNICATIONS CORP 5619 DTC PARKWAY EDGEWOOD CO 80111 |
Elias Howard D | director | C/O EMC CORPORATION 176 SOUTH STREET HOPKINTON MA 01748 |
Greenthal Jill A | director | MARTHA STEWART LIVING OMNIMEDIA INC 11 WEST 42ND STREET 25TH FLOOR NEW YORK NY 10036 |
Mcgee Henry Wadsworth Iii | director | 1300 MORRIS DRIVE CHESTERBROOK PA 19087 |
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