Current Ratio
since 2005
Calculation
AT&T Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 0.66 | = | 31,168) | ÷ | 46,872) |
| Dec 31, 2023 | 0.71 | = | 36,458) | ÷ | 51,127) |
| Dec 31, 2022 | 0.59 | = | 33,108) | ÷ | 56,173) |
| Dec 31, 2021 | 0.70 | = | 59,997) | ÷ | 85,588) |
| Dec 31, 2020 | 0.82 | = | 52,008) | ÷ | 63,438) |
| Dec 31, 2019 | 0.79 | = | 54,761) | ÷ | 68,911) |
| Dec 31, 2018 | 0.80 | = | 51,427) | ÷ | 64,420) |
| Dec 31, 2017 | 0.97 | = | 79,146) | ÷ | 81,389) |
| Dec 31, 2016 | 0.76 | = | 38,369) | ÷ | 50,576) |
| Dec 31, 2015 | 0.75 | = | 35,992) | ÷ | 47,816) |
| Dec 31, 2014 | 0.86 | = | 32,028) | ÷ | 37,282) |
| Dec 31, 2013 | 0.66 | = | 23,196) | ÷ | 34,995) |
| Dec 31, 2012 | 0.71 | = | 22,706) | ÷ | 31,787) |
| Dec 31, 2011 | 0.75 | = | 23,027) | ÷ | 30,794) |
| Dec 31, 2010 | 0.59 | = | 19,951) | ÷ | 33,951) |
| Dec 31, 2009 | 0.66 | = | 24,334) | ÷ | 36,705) |
| Dec 31, 2008 | 0.53 | = | 22,556) | ÷ | 42,290) |
| Dec 31, 2007 | 0.63 | = | 24,686) | ÷ | 39,274) |
| Dec 31, 2006 | 0.63 | = | 25,553) | ÷ | 40,482) |
| Dec 31, 2005 | 0.58 | = | 14,654) | ÷ | 25,418) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
- Current Assets
- The current assets exhibited significant fluctuations over the period. Initially, there was a marked increase from roughly 14,654 million USD in 2005 to a peak of 25,553 million USD in 2006. This was followed by a general decline and stabilization around 20,000 to 23,000 million USD from 2007 through 2012. Starting in 2013, current assets increased notably, reaching a substantial peak of approximately 79,146 million USD in 2017. Subsequently, current assets decreased steadily, falling to 31,168 million USD by 2024.
- Current Liabilities
- Current liabilities also showed considerable variability. From 25,418 million USD in 2005, they rose sharply to over 40,482 million USD in 2006, before experiencing a gradual decline until 2011. From 2012 through 2017, liabilities surged significantly, peaking near 81,389 million USD in 2017, concurrent with the peak in current assets. Following this peak, liabilities exhibited a downward trend but remained elevated compared to early years, ending at roughly 46,872 million USD in 2024.
- Current Ratio
- The current ratio remained below 1.0 across the entire period, indicating a persistent condition where current liabilities exceeded current assets. The ratio fluctuated between 0.53 and 0.97, with its lowest point in 2008 (0.53) and its highest near 0.97 in 2017. Post-2017, the ratio declined again, reaching around 0.66 in 2024, highlighting a reduction in short-term liquidity. This pattern suggests challenges in maintaining adequate short-term financial stability throughout the period, despite some improvement around 2017.
Comparison to Competitors
AT&T Inc., current ratio, long-term trends, comparison to competitors
| AT&T Inc. | T-Mobile US Inc. | Verizon Communications Inc. | |
|---|---|---|---|
| Dec 31, 2024 | 0.66 | 0.91 | 0.63 |
| Dec 31, 2023 | 0.71 | 0.91 | 0.69 |
| Dec 31, 2022 | 0.59 | 0.77 | 0.75 |
| Dec 31, 2021 | 0.70 | 0.89 | 0.78 |
| Dec 31, 2020 | 0.82 | 1.10 | 1.38 |
| Dec 31, 2019 | 0.79 | 0.74 | 0.84 |
| Dec 31, 2018 | 0.80 | 0.81 | 0.91 |
| Dec 31, 2017 | 0.97 | 0.77 | 0.91 |
| Dec 31, 2016 | 0.76 | 1.58 | 0.87 |
| Dec 31, 2015 | 0.75 | 1.56 | 0.64 |
| Dec 31, 2014 | 0.86 | 1.59 | 1.06 |
| Dec 31, 2013 | 0.66 | 2.11 | 2.62 |
| Dec 31, 2012 | 0.71 | — | 0.79 |
| Dec 31, 2011 | 0.75 | — | 1.01 |
| Dec 31, 2010 | 0.59 | — | 0.73 |
| Dec 31, 2009 | 0.66 | — | 0.78 |
| Dec 31, 2008 | 0.53 | — | 1.01 |
| Dec 31, 2007 | 0.63 | — | 0.76 |
| Dec 31, 2006 | 0.63 | — | 0.70 |
| Dec 31, 2005 | 0.58 | — | 0.66 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Telecommunication Services)
AT&T Inc., current ratio, long-term trends, comparison to sector (telecommunication services)
| AT&T Inc. | Telecommunication Services | |
|---|---|---|
| Dec 31, 2024 | 0.66 | 0.68 |
| Dec 31, 2023 | 0.71 | 0.74 |
| Dec 31, 2022 | 0.59 | 0.69 |
| Dec 31, 2021 | 0.70 | 0.75 |
| Dec 31, 2020 | 0.82 | 1.05 |
| Dec 31, 2019 | 0.79 | 0.80 |
| Dec 31, 2018 | 0.80 | 0.84 |
| Dec 31, 2017 | 0.97 | 0.94 |
| Dec 31, 2016 | 0.76 | 0.88 |
| Dec 31, 2015 | 0.75 | 0.79 |
| Dec 31, 2014 | 0.86 | 1.02 |
| Dec 31, 2013 | 0.66 | 1.57 |
| Dec 31, 2012 | 0.71 | 0.75 |
| Dec 31, 2011 | 0.75 | 0.88 |
| Dec 31, 2010 | 0.59 | 0.66 |
| Dec 31, 2009 | 0.66 | 0.71 |
| Dec 31, 2008 | 0.53 | 0.71 |
| Dec 31, 2007 | 0.63 | 0.68 |
| Dec 31, 2006 | 0.63 | 0.66 |
| Dec 31, 2005 | 0.58 | 0.62 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Communication Services)
AT&T Inc., current ratio, long-term trends, comparison to industry (communication services)
| AT&T Inc. | Communication Services | |
|---|---|---|
| Dec 31, 2024 | 0.66 | 1.20 |
| Dec 31, 2023 | 0.71 | 1.26 |
| Dec 31, 2022 | 0.59 | 1.24 |
| Dec 31, 2021 | 0.70 | 1.37 |
| Dec 31, 2020 | 0.82 | 1.69 |
| Dec 31, 2019 | 0.79 | 1.45 |
| Dec 31, 2018 | 0.80 | 1.52 |
| Dec 31, 2017 | 0.97 | 1.57 |
| Dec 31, 2016 | 0.76 | 1.61 |
| Dec 31, 2015 | 0.75 | 1.43 |
| Dec 31, 2014 | 0.86 | 1.59 |
| Dec 31, 2013 | 0.66 | 1.88 |
| Dec 31, 2012 | 0.71 | 1.43 |
| Dec 31, 2011 | 0.75 | 1.34 |
| Dec 31, 2010 | 0.59 | 1.11 |
| Dec 31, 2009 | 0.66 | 1.08 |
| Dec 31, 2008 | 0.53 | 0.93 |
| Dec 31, 2007 | 0.63 | 0.89 |
| Dec 31, 2006 | 0.63 | 0.83 |
| Dec 31, 2005 | 0.58 | 0.78 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).