Cable One Inc (CABO)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 125,271 | 145,848 | 102,283 | 187,559 |
| Short-term investments | US$ in thousands | -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 | 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 | 189,542 | 153,179 | 143,048 | 141,204 |
| Cash ratio | 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 | 0.66 | 0.95 | 0.72 | 1.33 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($190,289K
+ $-2,228K)
÷ $202,837K
= 0.93
The cash ratio of Cable One Inc has shown fluctuations over the past eight quarters. The ratio has ranged from 1.12 to 1.67 during this period. A higher cash ratio indicates that the company has sufficient cash and cash equivalents to cover its current liabilities. In the most recent quarter, the cash ratio was 1.22, indicating that the company had $1.22 in cash and cash equivalents for every dollar of current liabilities. The decreasing trend in the cash ratio over the last few quarters may suggest a potential decrease in the company's liquidity position or an increase in current liabilities. It is important for investors and analysts to monitor this ratio to assess the company's ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023