Cable One Inc (CABO)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 342,378 | 394,380 | 314,943 | 330,186 | 346,705 | 381,575 | 396,021 | 467,378 | 500,953 | 598,802 | 554,208 | 1,613,000 | 672,813 | 739,795 | 717,804 | 317,784 | 181,488 | 196,118 | 155,716 | 242,369 |
| 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 |
| Current ratio | 1.69 | 1.81 | 1.62 | 1.75 | 1.42 | 1.42 | 1.68 | 1.87 | 1.86 | 2.01 | 1.86 | 7.16 | 3.04 | 3.27 | 3.47 | 1.72 | 0.96 | 1.28 | 1.09 | 1.72 |
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 shown fluctuations over the past eight quarters, ranging from a low of 1.42 in Q4 2022 to a high of 1.87 in Q1 2022. In Q4 2023, the current ratio stands at 1.69, indicating that the company's current assets are 1.69 times greater than its current liabilities.
A current ratio above 1 suggests that the company has sufficient current assets to cover its current liabilities, which is generally viewed as a positive indicator of short-term liquidity. However, the downward trend from Q1 2022 to Q4 2022, followed by an increase in Q1 2022 and further fluctuations in subsequent quarters, indicates some variability in the company's liquidity position.
It is important to continue monitoring Cable One Inc's current ratio to assess if the fluctuations are temporary or indicative of potential liquidity challenges. Overall, while the current ratio has exhibited some volatility, it currently remains at a reasonable level in Q4 2023.
Peer comparison
Dec 31, 2023