Cable One Inc (CABO)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 342,378 | 346,705 | 500,953 | 672,813 | 181,488 |
| Total current liabilities | US$ in thousands | 202,837 | 244,155 | 269,075 | 221,582 | 189,542 |
| Current ratio | 1.69 | 1.42 | 1.86 | 3.04 | 0.96 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $342,378K ÷ $202,837K
= 1.69
The current ratio of Cable One Inc has fluctuated over the past five years, reflecting changes in the company's liquidity position. The ratio was 1.69 as of December 31, 2023, indicating that the company had $1.69 in current assets for every $1 in current liabilities. This represents an improvement compared to the previous year's ratio of 1.42.
In 2021, the company had a current ratio of 1.86, indicating a stronger liquidity position. However, this was followed by a significant decrease in 2020, where the current ratio dropped to 3.04, reflecting a potential over-liquidation or a decrease in current liabilities. The low current ratio of 0.96 in 2019 suggests potential liquidity issues, as the company did not have sufficient current assets to cover its current liabilities.
Overall, while the current ratio has shown variability in recent years, an upward trend from 2019 to 2023 indicates an improvement in Cable One Inc's ability to meet its short-term obligations. However, further analysis of individual components of current assets and liabilities may be necessary to fully assess the company's liquidity position.
Peer comparison
Dec 31, 2023