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Millicom International Cellular Sa (NASDAQ: TIGO) |
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Millicom International Cellular Sa's Working Capital Ratio
TIGO's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth
Regardless of the sequential decrease in Current Liabilities, during the forth quarter 2023, Working Capital Ratio deteriorated to 0.21 a new company low.
Within Communications Services industry 49 other companies have achieved higher Working Capital Ratio than Millicom International Cellular Sa in forth quarter 2023. While Working Capital Ratio total ranking in the forth quarter 2023 has deteriorated compared to the prior quarter from 3885 to 4591.
Explain Working Capital Ratio
How much Current Assetss TIGO´s has?
What are TIGO´s Current Liabilities?
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Select the Comparisons :
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Select the Ratio:
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| TIGO Working Capital Ratio |
(Dec 31 2023)
Q4 |
0
Q3 |
0
Q2 |
0
Q1 |
(Dec 31 2022)
Q4 |
| Y / Y Current Liabilities Change |
-1.14 % |
-1.14 % |
-1.14 % |
-1.14 % |
7.43 % |
| Y / Y Current Assets Change |
-11.53 % |
-11.53 % |
-11.53 % |
-11.53 % |
-25.59 % |
| Working Capital Ratio MRQ |
0.21 |
0.21 |
0.21 |
0.21 |
0.23 |
| TIGO's Total
Ranking |
# 4591 |
# 3885 |
# 3649 |
# 3908 |
# 5472 |
| Seq. Current Liabilities Change |
0 % |
0 % |
0 % |
-1.14 % |
0 % |
| Seq. Current Assets Change |
0 % |
0 % |
0 % |
-11.53 % |
0 % |
| Working Capital Ratio forth quarter 2023 Company Ranking |
| Within: |
No. |
| Communications Services Industry |
# 50 |
| Services Sector |
# 611 |
| Overall Market |
# 4591 |
| Working Capital Ratio Statistics |
| High |
Average |
Low |
| 0.33 |
0.26 |
0.21 |
| (Dec 31 2021) |
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(Dec 31 2023) |
Cumulative Millicom International Cellular Sa's Working Capital Ratio
TIGO's Working Capital Ratio for the trailling 12 Months
TIGO Working Capital Ratio |
(Dec 31 2023)
12 Months |
0
12 Months |
0
12 Months |
0
12 Months |
(Dec 31 2022)
12 Months |
| Y / Y Current Liabilities TTM Growth |
-1.14 % |
-1.14 % |
-1.14 % |
-1.14 % |
7.43 % |
| Y / Y Current Assets TTM Growth |
-11.53 % |
-11.53 % |
-11.53 % |
-11.53 % |
-25.59 % |
| Working Capital Ratio TTM |
0.21 |
0.21 |
0.22 |
0.23 |
0.23 |
| Total
Ranking TTM |
# 2844
| # 0
| # 0
| # 3546
| # 4653
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| Seq. Current Liabilities TTM Growth |
0 % |
0 % |
0 % |
-1.14 % |
0 % |
| Seq. Current Assets TTM Growth |
0 % |
0 % |
0 % |
-11.53 % |
0 % |
On the trailing twelve months basis In spite of the year on year decrease in TIGO's Current Liabilities to $6,850.00 millions, cumulative Working Capital Ratio to 0.21 below the TIGO average Working Capital Ratio. Working Capital Ratio is the average cumulative value over the last four quarters.
Among companies operating within Communications Services industry 49 other companies have achieved higher Working Capital Ratio than Millicom International Cellular Sa. While Working Capital Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 0 to 2844.
Explain Working Capital Ratio
How much Current Assetss TIGO´s has?
What are TIGO´s Current Liabilities?
| TTM Working Capital Ratio Company Ranking |
| Within: |
No. |
| Within the Communications Services Industry |
# 50 |
| Services Sector |
# 611 |
| Within the Market |
# 2844 |
| trailing twelve months Working Capital Ratio Statistics |
| High |
Average |
Low |
| 0.33 |
0.26 |
0.21 |
| (Dec 31 2021) |
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(Dec 31 2023) |
| Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Communications Services Industry | Working Capital Ratio | Dec 31 2023 MRQ Current Assets | Dec 31 2023 MRQ Current Liabilities | | Telesat Corporation | 0.57 | $ 1,391.583 Millions | $ 2,448.917 Millions | | Konatel Inc | 0.49 | $ 3.633 Millions | $ 7.365 Millions | | Anghami Inc | 0.47 | $ 15.104 Millions | $ 32.301 Millions | | Qwest Corporation | 0.44 | $ 415.000 Millions | $ 933.000 Millions | | Telecom Argentina Sa | 0.31 | $ 12,854.128 Millions | $ 40,843.648 Millions | | Pldt Inc | 0.29 | $ 1,340.784 Millions | $ 4,649.178 Millions | | Bce Inc | 0.25 | $ 6,049.868 Millions | $ 24,054.698 Millions | | Telus Corp | 0.23 | $ 4,835.758 Millions | $ 20,949.334 Millions | | Millicom International Cellular Sa | 0.21 | $ 1,420.000 Millions | $ 6,850.000 Millions | | Remark Holdings Inc | 0.19 | $ 9.440 Millions | $ 49.540 Millions | | Hammer Fiber Optics Holdings Corp | 0.10 | $ 0.381 Millions | $ 3.704 Millions |
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Date modified: 2024-03-13T03:52:27+00:00
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