Cable One Inc (CABO)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 279,235 | 335,070 | 332,777 | 341,844 | 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 |
| 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 |
| Current ratio | 1.31 | 0.93 | 1.78 | 1.83 | 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 |
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 shown fluctuations over the periods analyzed. In general, the current ratio measures the company's ability to meet its short-term liabilities with its current assets.
Cable One Inc had a relatively stable current ratio in the early part of the data series, averaging around 2 to 3. However, there was a significant spike in the current ratio on March 31, 2021, reaching 7.16, indicating a strong ability to cover short-term obligations with current assets at that point.
Subsequently, the current ratio fluctuated between 1.42 to 2.01 in the following periods, demonstrating some variability in the company's liquidity position. Notably, on September 30, 2024, the current ratio dropped to a low of 0.93, suggesting potential challenges in meeting short-term obligations with available current assets at that particular point in time.
Overall, the changing current ratio of Cable One Inc reflects fluctuations in the company's liquidity position over the analyzed periods, highlighting the importance of monitoring this ratio to ensure the company's ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024