Iridium Communications Inc.

Iridium Communications Inc.verified

IRDM

Price:

$27.38

Market Cap:

$3.24B

Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services. It also provides hosted payload and other data services, such as satellite time and location services, and inbound connections from the public switched telephone network, short message, subscriber identity module, activation, customer reactivation, and other peripheral services. In addition...[Read more]

Industry

Telecommunications Services

IPO Date

2008-03-20

Stock Exchange

NASDAQ

Ticker

IRDM

The Current Ratio as of September 2024 (TTM) for Iridium Communications Inc. (IRDM) is 2.25

According to Iridium Communications Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.25. This represents a change of -7.88% compared to the average of 2.44 of the last 4 quarters.

Iridium Communications Inc. (IRDM) Historical Current Ratio (quarterly & annually)

How has IRDM Current Ratio performed in the past?

The mean historical Current Ratio of Iridium Communications Inc. over the last ten years is 3.42. The current 2.25 Current Ratio has changed 6.49% with respect to the historical average. Over the past ten years (40 quarters), IRDM's Current Ratio was at its highest in in the June 2016 quarter at 6.27. The Current Ratio was at its lowest in in the September 2019 quarter at 0.91.

Quarterly (TTM)
Annual

Average

3.42

Median

3.05

Minimum

1.49

Maximum

6.21

Iridium Communications Inc. (IRDM) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Iridium Communications Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 102.89%

Maximum Annual Current Ratio = 6.21

Minimum Annual Increase = -69.11%

Minimum Annual Current Ratio = 1.49

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.06-4.72%
20222.16-44.54%
20213.9026.77%
20203.082.03%
20193.01102.89%
20181.49-22.56%
20171.92-69.11%
20166.2131.03%
20154.74-15.34%
20145.6053.79%

Iridium Communications Inc. (IRDM) Average Current Ratio

How has IRDM Current Ratio performed in the past?

The current Current Ratio of Iridium Communications Inc. (IRDM) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

2.71

5-year avg

2.84

10-year avg

3.42

Iridium Communications Inc. (IRDM) Current Ratio vs. Peers

How is IRDM’s Current Ratio compared to its peers?

Iridium Communications Inc.’s Current Ratio is greater than IHS Holding Limited (1.25), greater than Cogent Communications Holdings, Inc. (2.20), greater than IDT Corporation (1.46), greater than Cable One, Inc. (1.78), greater than InterDigital, Inc. (1.51), greater than ATN International, Inc. (1.10), greater than Liberty Broadband Corporation (1.68), greater than Consolidated Communications Holdings, Inc. (0.72), less than AST SpaceMobile, Inc. (6.38), greater than DISH Network Corporation (0.54), greater than Lumen Technologies, Inc. (0.95), greater than Sify Technologies Limited (0), greater than Charter Communications, Inc. (0.39), greater than Liberty Broadband Corporation (1.68), greater than TIM S.A. (0.88), greater than Telefónica, S.A. (0.81), greater than Telefônica Brasil S.A. (1.03), greater than América Móvil, S.A.B. de C.V. (0.71), greater than SK Telecom Co.,Ltd (0.97), greater than Vodafone Group Public Limited Company (0.83),

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