Current Ratio
since 2005
Calculation
Time Warner Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2017 | 1.08 | = | 15,219) | ÷ | 14,077) |
| Dec 31, 2016 | 1.39 | = | 13,485) | ÷ | 9,703) |
| Dec 31, 2015 | 1.56 | = | 12,513) | ÷ | 8,002) |
| Dec 31, 2014 | 1.43 | = | 13,180) | ÷ | 9,204) |
| Dec 31, 2013 | 1.53 | = | 12,844) | ÷ | 8,383) |
| Dec 31, 2012 | 1.35 | = | 13,288) | ÷ | 9,829) |
| Dec 31, 2011 | 1.51 | = | 13,432) | ÷ | 8,922) |
| Dec 31, 2010 | 1.52 | = | 13,138) | ÷ | 8,643) |
| Dec 31, 2009 | 1.48 | = | 13,007) | ÷ | 8,765) |
| Dec 31, 2008 | 1.19 | = | 16,602) | ÷ | 13,976) |
| Dec 31, 2007 | 1.02 | = | 12,451) | ÷ | 12,193) |
| Dec 31, 2006 | 0.85 | = | 10,851) | ÷ | 12,780) |
| Dec 31, 2005 | 1.07 | = | 13,463) | ÷ | 12,588) |
Based on: 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 exhibit fluctuations throughout the period analyzed. An initial decline is observed from 13,463 million US dollars at the end of 2005 down to 10,851 million in 2006, followed by a recovery and growth to a peak of 16,602 million in 2008. After this peak, current assets decrease again to around 13,007 million in 2009 and then remain relatively stable with minor variations until mid-decade. Starting in 2015, there is a gradual upward trend, reaching 15,219 million by the end of 2017, indicating moderate asset growth in the latter years.
- Current liabilities
- Current liabilities show notable variability over the examined timeframe. Initially, liabilities increase from 12,588 million in 2005 to a high of 12,780 million in 2006 before generally decreasing to a low of 8,383 million by 2013. From 2014 onward, current liabilities rise sharply again, reaching 14,077 million in 2017, the highest in the observed span. This pattern suggests varying obligations with a significant surge in liabilities towards the end of the period.
- Current ratio
- The current ratio, a measure of short-term liquidity, fluctuates around the benchmark of 1.0 throughout the years. It declines to its lowest point of 0.85 in 2006, indicating tighter liquidity then. Subsequently, it improves markedly, reaching a peak of 1.56 in 2015, signifying stronger liquidity during that time. However, following this peak, the ratio declines steadily to 1.08 by 2017, approaching the lower end of the healthy range. This trend suggests that liquidity strength increased during the middle years but weakened somewhat towards the end of the period, coinciding with the rise in current liabilities.
Comparison to Competitors
Time Warner Inc., current ratio, long-term trends, comparison to competitors
| Time Warner Inc. | Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | Take-Two Interactive Software Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2017 | 1.08 | 5.14 | 0.74 | 12.92 | 1.40 | 1.30 | 0.81 |
| Dec 31, 2016 | 1.39 | 6.29 | 0.76 | 11.97 | 1.25 | 1.68 | 1.01 |
| Dec 31, 2015 | 1.56 | 4.67 | 0.68 | 11.25 | 1.54 | 1.84 | 1.03 |
| Dec 31, 2014 | 1.43 | 4.80 | 0.78 | 9.60 | 1.48 | 2.95 | 1.14 |
| Dec 31, 2013 | 1.53 | 4.58 | 0.74 | 11.88 | 1.42 | 2.57 | 1.21 |
| Dec 31, 2012 | 1.35 | 4.22 | 1.20 | 10.71 | 1.34 | 3.40 | 1.07 |
| Dec 31, 2011 | 1.51 | 5.92 | 0.65 | — | 1.49 | 2.45 | 1.14 |
| Dec 31, 2010 | 1.52 | 4.16 | 1.08 | — | 1.65 | 2.03 | 1.11 |
| Dec 31, 2009 | 1.48 | 10.62 | 0.44 | — | 1.82 | 1.77 | 1.33 |
| Dec 31, 2008 | 1.19 | 8.77 | 0.42 | — | 1.67 | 1.98 | 1.01 |
| Dec 31, 2007 | 1.02 | 8.49 | 0.46 | — | 1.96 | 1.60 | 0.99 |
| Dec 31, 2006 | 0.85 | 10.00 | 0.70 | — | 2.21 | 2.07 | 0.94 |
| Dec 31, 2005 | 1.07 | 12.08 | 0.41 | — | 1.77 | 2.62 | 0.96 |
Based on: 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 (Media & Entertainment)
Time Warner Inc., current ratio, long-term trends, comparison to sector (media & entertainment)
| Time Warner Inc. | Media & Entertainment | |
|---|---|---|
| Dec 31, 2017 | 1.08 | 2.82 |
| Dec 31, 2016 | 1.39 | 2.83 |
| Dec 31, 2015 | 1.56 | 2.46 |
| Dec 31, 2014 | 1.43 | 2.47 |
| Dec 31, 2013 | 1.53 | 2.36 |
| Dec 31, 2012 | 1.35 | 2.32 |
| Dec 31, 2011 | 1.51 | 2.17 |
| Dec 31, 2010 | 1.52 | 2.14 |
| Dec 31, 2009 | 1.48 | 2.32 |
| Dec 31, 2008 | 1.19 | 1.57 |
| Dec 31, 2007 | 1.02 | 1.52 |
| Dec 31, 2006 | 0.85 | 1.48 |
| Dec 31, 2005 | 1.07 | 1.29 |
Based on: 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)
Time Warner Inc., current ratio, long-term trends, comparison to industry (communication services)
| Time Warner Inc. | Communication Services | |
|---|---|---|
| Dec 31, 2017 | 1.08 | 1.65 |
| Dec 31, 2016 | 1.39 | 1.69 |
| Dec 31, 2015 | 1.56 | 1.45 |
| Dec 31, 2014 | 1.43 | 1.62 |
| Dec 31, 2013 | 1.53 | 1.90 |
| Dec 31, 2012 | 1.35 | 1.44 |
| Dec 31, 2011 | 1.51 | 1.35 |
| Dec 31, 2010 | 1.52 | 1.12 |
| Dec 31, 2009 | 1.48 | 1.08 |
| Dec 31, 2008 | 1.19 | 0.93 |
| Dec 31, 2007 | 1.02 | 0.89 |
| Dec 31, 2006 | 0.85 | 0.83 |
| Dec 31, 2005 | 1.07 | 0.78 |
Based on: 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).