Cable One Inc (CABO)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 153,631 | 226,641 | 201,518 | 210,733 | 190,289 | 239,632 | 160,734 | 202,732 | 215,150 | 255,719 | 279,978 | 368,166 | 388,802 | 489,537 | 448,965 | 1,537,300 | 574,909 | 625,332 | 642,552 | 241,894 |
| Short-term investments | US$ in thousands | — | 27,442 | 27,442 | 28,226 | -2,228 | 31,767 | 30,852 | 23,707 | 25,794 | 18,994 | 4,685 | — | — | — | 697,527 | 807,093 | 807,781 | 25,250 | — | — |
| Total current liabilities | US$ in thousands | 213,872 | 359,786 | 187,465 | 186,686 | 202,837 | 218,249 | 194,183 | 189,128 | 244,155 | 268,767 | 235,267 | 249,312 | 269,075 | 297,647 | 298,688 | 225,400 | 221,582 | 226,543 | 207,118 | 184,940 |
| Cash ratio | 0.72 | 0.71 | 1.22 | 1.28 | 0.93 | 1.24 | 0.99 | 1.20 | 0.99 | 1.02 | 1.21 | 1.48 | 1.44 | 1.64 | 3.84 | 10.40 | 6.24 | 2.87 | 3.10 | 1.31 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($153,631K
+ $—K)
÷ $213,872K
= 0.72
The cash ratio of Cable One Inc, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, has shown fluctuations over the past few years.
From March 31, 2020, to March 31, 2021, the cash ratio increased steadily from 1.31 to 10.40, indicating a significant improvement in the company's liquidity position. However, from June 30, 2021, to September 30, 2024, the cash ratio declined gradually, reaching a low of 0.71 on September 30, 2024.
During the period under review, Cable One Inc experienced fluctuations in its cash ratio, with both peaks and troughs in its liquidity position. Investors and stakeholders should carefully monitor the company's cash ratio to assess its ability to meet short-term obligations and manage liquidity risks effectively.
Peer comparison
Dec 31, 2024