Cable One Inc (CABO)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 153,631 | 190,289 | 215,150 | 388,802 | 574,909 |
| Short-term investments | US$ in thousands | 85,195 | -2,228 | 25,794 | — | 807,781 |
| Total current liabilities | US$ in thousands | 213,872 | 202,837 | 244,155 | 269,075 | 221,582 |
| Cash ratio | 1.12 | 0.93 | 0.99 | 1.44 | 6.24 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($153,631K
+ $85,195K)
÷ $213,872K
= 1.12
The Cash Ratio for Cable One Inc has exhibited a general declining trend over the years. Starting at a comfortable level of 6.24 in December 2020, it has steadily decreased to 1.44 by December 2021, indicating a potential decrease in the company's ability to cover its short-term liabilities with its available cash. The ratio further dropped to 0.99 in December 2022, and continued to decline to 0.93 by December 2023. However, there was a slight improvement with the ratio increasing to 1.12 by December 2024. It is essential for the company to closely monitor its liquidity position to ensure it can meet its short-term obligations, especially considering the downward trend observed in the cash ratio in recent years.
Peer comparison
Dec 31, 2024