Stock Analysis on Net
Stock Analysis on Net

AT&T Inc. (NYSE:T)

Analysis of Liquidity Ratios
Quarterly Data

Beginner level


Liquidity Ratios (Summary)

AT&T Inc., liquidity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Current ratio 0.81 0.76 0.79 0.74 0.71 0.72 0.80 0.81 0.81 1.11 0.97 1.60 1.12 0.90 0.76 0.79 0.77 0.85 0.75 0.73 1.07 0.73
Quick ratio 0.52 0.43 0.50 0.43 0.46 0.47 0.49 0.53 0.57 0.92 0.82 1.35 0.85 0.59 0.45 0.48 0.50 0.59 0.45 0.47 0.86 0.48
Cash ratio 0.24 0.14 0.18 0.10 0.13 0.10 0.08 0.13 0.20 0.69 0.62 1.02 0.53 0.29 0.11 0.13 0.16 0.22 0.11 0.13 0.52 0.12

Based on: 10-Q (filing date: 2020-08-05), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-08-05), 10-Q (filing date: 2019-05-06), 10-K (filing date: 2019-02-20), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-11-03), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-17), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-05).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. AT&T Inc.’s current ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. AT&T Inc.’s quick ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. AT&T Inc.’s cash ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.

Current Ratio

AT&T Inc., current ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Current assets 56,555  52,704  54,761  50,695  47,218  46,472  51,427  53,107  55,286  78,505  79,146  76,357  53,547  45,727  38,369  37,374  36,005  38,001  35,992  34,951  43,163  27,410 
Current liabilities 69,469  69,704  68,911  68,126  66,376  64,652  64,420  65,420  68,593  70,580  81,389  47,693  48,012  50,690  50,576  47,102  46,465  44,528  47,816  47,938  40,527  37,651 
Liquidity Ratio
Current ratio1 0.81 0.76 0.79 0.74 0.71 0.72 0.80 0.81 0.81 1.11 0.97 1.60 1.12 0.90 0.76 0.79 0.77 0.85 0.75 0.73 1.07 0.73
Benchmarks
Current Ratio, Competitors2
Verizon Communications Inc. 0.96 0.99 0.84 0.89 0.87 0.87 0.91 0.97 0.96 0.98 0.91 1.07 1.04 1.02 0.87 0.85 0.61 0.71 0.64 0.63 0.70 0.80

Based on: 10-Q (filing date: 2020-08-05), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-08-05), 10-Q (filing date: 2019-05-06), 10-K (filing date: 2019-02-20), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-11-03), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-17), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-05).

1 Q2 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 56,555 ÷ 69,469 = 0.81

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.’s current ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.

Quick Ratio

AT&T Inc., quick ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Cash and cash equivalents 16,941  9,955  12,130  6,588  8,423  6,516  5,204  8,657  13,523  48,872  50,498  48,499  25,617  14,884  5,788  5,895  7,208  10,008  5,121  6,202  20,956  4,444 
Accounts receivable, net of related allowances for credit loss 19,127  19,908  22,636  22,921  22,381  23,863  26,472  26,312  25,492  16,290  16,522  15,876  14,997  15,078  16,794  16,855  15,830  16,070  16,532  16,329  13,821  13,592 
Total quick assets 36,068  29,863  34,766  29,509  30,804  30,379  31,676  34,969  39,015  65,162  67,020  64,375  40,614  29,962  22,582  22,750  23,038  26,078  21,653  22,531  34,777  18,036 
 
Current liabilities 69,469  69,704  68,911  68,126  66,376  64,652  64,420  65,420  68,593  70,580  81,389  47,693  48,012  50,690  50,576  47,102  46,465  44,528  47,816  47,938  40,527  37,651 
Liquidity Ratio
Quick ratio1 0.52 0.43 0.50 0.43 0.46 0.47 0.49 0.53 0.57 0.92 0.82 1.35 0.85 0.59 0.45 0.48 0.50 0.59 0.45 0.47 0.86 0.48
Benchmarks
Quick Ratio, Competitors2
Verizon Communications Inc. 0.79 0.75 0.62 0.71 0.70 0.69 0.73 0.78 0.77 0.78 0.77 0.90 0.88 0.79 0.67 0.70 0.47 0.55 0.52 0.50 0.55 0.61

Based on: 10-Q (filing date: 2020-08-05), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-08-05), 10-Q (filing date: 2019-05-06), 10-K (filing date: 2019-02-20), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-11-03), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-17), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-05).

1 Q2 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 36,068 ÷ 69,469 = 0.52

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.’s quick ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.

Cash Ratio

AT&T Inc., cash ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Cash and cash equivalents 16,941  9,955  12,130  6,588  8,423  6,516  5,204  8,657  13,523  48,872  50,498  48,499  25,617  14,884  5,788  5,895  7,208  10,008  5,121  6,202  20,956  4,444 
Total cash assets 16,941  9,955  12,130  6,588  8,423  6,516  5,204  8,657  13,523  48,872  50,498  48,499  25,617  14,884  5,788  5,895  7,208  10,008  5,121  6,202  20,956  4,444 
 
Current liabilities 69,469  69,704  68,911  68,126  66,376  64,652  64,420  65,420  68,593  70,580  81,389  47,693  48,012  50,690  50,576  47,102  46,465  44,528  47,816  47,938  40,527  37,651 
Liquidity Ratio
Cash ratio1 0.24 0.14 0.18 0.10 0.13 0.10 0.08 0.13 0.20 0.69 0.62 1.02 0.53 0.29 0.11 0.13 0.16 0.22 0.11 0.13 0.52 0.12
Benchmarks
Cash Ratio, Competitors2
Verizon Communications Inc. 0.20 0.17 0.06 0.08 0.05 0.06 0.07 0.07 0.05 0.06 0.06 0.16 0.17 0.16 0.09 0.21 0.08 0.18 0.14 0.12 0.11 0.17

Based on: 10-Q (filing date: 2020-08-05), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-11-05), 10-Q (filing date: 2019-08-05), 10-Q (filing date: 2019-05-06), 10-K (filing date: 2019-02-20), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-20), 10-Q (filing date: 2017-11-03), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-17), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-05).

1 Q2 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 16,941 ÷ 69,469 = 0.24

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.’s cash ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.