Stock Analysis on Net
Stock Analysis on Net

T-Mobile US Inc. (NASDAQ:TMUS)

Analysis of Liquidity Ratios
Quarterly Data

Beginner level

Liquidity ratios measure the company’s ability to meet its short-term obligations.


Liquidity Ratios (Summary)

T-Mobile US Inc., liquidity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Current ratio 1.10 0.98 1.05 0.64 0.74 0.66 0.62 0.66 0.81 0.85 0.76 0.78 0.77 0.92 0.77 1.04 1.58 1.67 1.63 1.42
Quick ratio 0.84 0.70 0.76 0.36 0.48 0.46 0.41 0.43 0.54 0.51 0.45 0.53 0.47 0.57 0.45 0.74 1.04 1.10 1.06 1.14
Cash ratio 0.48 0.33 0.48 0.08 0.12 0.13 0.08 0.11 0.12 0.04 0.02 0.20 0.11 0.09 0.02 0.49 0.61 0.66 0.63 0.70

Based on: 10-K (filing date: 2021-02-23), 10-Q (filing date: 2020-11-05), 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-28), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. T-Mobile US Inc.’s current ratio deteriorated from Q2 2020 to Q3 2020 but then improved from Q3 2020 to Q4 2020 exceeding Q2 2020 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. T-Mobile US Inc.’s quick ratio deteriorated from Q2 2020 to Q3 2020 but then improved from Q3 2020 to Q4 2020 exceeding Q2 2020 level.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. T-Mobile US Inc.’s cash ratio deteriorated from Q2 2020 to Q3 2020 but then improved from Q3 2020 to Q4 2020 exceeding Q2 2020 level.

Current Ratio

T-Mobile US Inc., current ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Current assets 23,885  19,465  24,321  9,487  9,305  8,458  8,114  8,745  8,281  7,286  7,091  9,609  8,915  7,449  6,780  15,899  14,217  13,530  14,280  13,344 
Current liabilities 21,703  19,840  23,191  14,756  12,506  12,869  13,173  13,327  10,267  8,572  9,281  12,357  11,515  8,103  8,828  15,285  9,022  8,119  8,752  9,369 
Liquidity Ratio
Current ratio1 1.10 0.98 1.05 0.64 0.74 0.66 0.62 0.66 0.81 0.85 0.76 0.78 0.77 0.92 0.77 1.04 1.58 1.67 1.63 1.42

Based on: 10-K (filing date: 2021-02-23), 10-Q (filing date: 2020-11-05), 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-28), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26).

1 Q4 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 23,885 ÷ 21,703 = 1.10

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. T-Mobile US Inc.’s current ratio deteriorated from Q2 2020 to Q3 2020 but then improved from Q3 2020 to Q4 2020 exceeding Q2 2020 level.

Quick Ratio

T-Mobile US Inc., quick ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Cash and cash equivalents 10,385  6,571  11,076  1,112  1,528  1,653  1,105  1,439  1,203  329  215  2,527  1,219  739  181  7,501  5,500  5,352  5,538  3,647 
Short-term investments —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  2,925 
Accounts receivable, net of allowance for credit losses 4,254  4,313  3,355  1,836  1,888  1,822  1,817  1,749  1,769  1,652  1,630  1,689  1,915  1,734  1,719  1,851  1,896  1,885  1,866  1,880 
Equipment installment plan receivables, net of allowance for credit losses and imputed discount 3,577  3,083  3,194  2,406  2,600  2,425  2,446  2,466  2,538  2,366  2,308  2,281  2,290  2,136  2,060  1,880  1,930  1,669  1,831  2,149 
Accounts receivable from affiliates 22  19  24  26  20  20  18  16  11  12  11  13  22  24  32  37  40  46  39  37 
Total quick assets 18,238  13,986  17,649  5,380  6,036  5,920  5,386  5,670  5,521  4,359  4,164  6,510  5,446  4,633  3,992  11,269  9,366  8,952  9,274  10,638 
 
Current liabilities 21,703  19,840  23,191  14,756  12,506  12,869  13,173  13,327  10,267  8,572  9,281  12,357  11,515  8,103  8,828  15,285  9,022  8,119  8,752  9,369 
Liquidity Ratio
Quick ratio1 0.84 0.70 0.76 0.36 0.48 0.46 0.41 0.43 0.54 0.51 0.45 0.53 0.47 0.57 0.45 0.74 1.04 1.10 1.06 1.14

Based on: 10-K (filing date: 2021-02-23), 10-Q (filing date: 2020-11-05), 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-28), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26).

1 Q4 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 18,238 ÷ 21,703 = 0.84

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. T-Mobile US Inc.’s quick ratio deteriorated from Q2 2020 to Q3 2020 but then improved from Q3 2020 to Q4 2020 exceeding Q2 2020 level.

Cash Ratio

T-Mobile US Inc., cash ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Cash and cash equivalents 10,385  6,571  11,076  1,112  1,528  1,653  1,105  1,439  1,203  329  215  2,527  1,219  739  181  7,501  5,500  5,352  5,538  3,647 
Short-term investments —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  2,925 
Total cash assets 10,385  6,571  11,076  1,112  1,528  1,653  1,105  1,439  1,203  329  215  2,527  1,219  739  181  7,501  5,500  5,352  5,538  6,572 
 
Current liabilities 21,703  19,840  23,191  14,756  12,506  12,869  13,173  13,327  10,267  8,572  9,281  12,357  11,515  8,103  8,828  15,285  9,022  8,119  8,752  9,369 
Liquidity Ratio
Cash ratio1 0.48 0.33 0.48 0.08 0.12 0.13 0.08 0.11 0.12 0.04 0.02 0.20 0.11 0.09 0.02 0.49 0.61 0.66 0.63 0.70

Based on: 10-K (filing date: 2021-02-23), 10-Q (filing date: 2020-11-05), 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-28), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26).

1 Q4 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 10,385 ÷ 21,703 = 0.48

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. T-Mobile US Inc.’s cash ratio deteriorated from Q2 2020 to Q3 2020 but then improved from Q3 2020 to Q4 2020 exceeding Q2 2020 level.