Cable One Inc (CABO)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 279,235 | 342,378 | 346,705 | 500,953 | 672,813 |
| Total current liabilities | US$ in thousands | 213,872 | 202,837 | 244,155 | 269,075 | 221,582 |
| Current ratio | 1.31 | 1.69 | 1.42 | 1.86 | 3.04 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $279,235K ÷ $213,872K
= 1.31
The current ratio of Cable One Inc has displayed a declining trend over the past five years. Starting at a relatively healthy level of 3.04 in December 31, 2020, the ratio has decreased to 1.86 as of December 31, 2021, indicating a potential decrease in short-term liquidity. This decline continued in the following years, reaching 1.42 in December 31, 2022, before improving slightly to 1.69 in December 31, 2023. However, by December 31, 2024, the current ratio decreased further to 1.31, suggesting potential challenges in meeting short-term obligations with current assets alone. The decreasing trend in the current ratio may raise concerns about the company's ability to cover its short-term liabilities efficiently over the years.
Peer comparison
Dec 31, 2024