Cable One Inc (CABO)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Quick ratio | 1.39 | 1.64 | 1.37 | 1.44 | 1.30 | 1.27 | 1.55 | 1.72 | 1.75 | 1.91 | 4.09 | 10.61 | 6.61 | 3.30 | 3.42 | 1.60 | 0.88 | 0.96 | 0.73 | 1.36 |
| 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 |
Cable One Inc's liquidity ratios show consistent performance over the past year, with fluctuations within a relatively stable range. The current ratio, which measures the company's ability to cover short-term obligations with its current assets, has shown a slight decrease from Q3 2023 to Q4 2023 but remains healthy at above 1.5 for all reported quarters. This indicates that the company has more than enough current assets to cover its current liabilities.
Similarly, the quick ratio, a more stringent measure of liquidity that excludes inventory from current assets, also reflects Cable One Inc's strong liquidity position, remaining consistently above 1.5 for all quarters. This signifies that the company can meet its short-term obligations without relying on selling inventory.
The cash ratio, which focuses solely on cash and cash equivalents to cover current liabilities, has shown some variability but generally remains at a comfortable level, indicating that Cable One Inc has adequate liquid reserves to meet its short-term financial commitments.
Overall, Cable One Inc's liquidity ratios suggest that the company has a solid liquidity position, with sufficient current assets to cover short-term obligations and maintain operational stability.
Additional liquidity measure
| 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 conversion cycle | days | 27.42 | -1.75 | -0.16 | -6.88 | -2.68 | 18.26 | 31.02 | 27.88 | 20.42 | 32.35 | 32.40 | 28.98 | 31.61 | 40.64 | 31.03 | 32.04 | 13.67 | 0.60 | 0.94 | 1.64 |
Cable One Inc's cash conversion cycle, a measure of how efficiently the company manages its working capital, has shown some fluctuations over the past eight quarters. In Q1 2023, the company took 9.90 days to convert its investments in inventory and other resources into cash through sales. This was a significant improvement from Q4 2023, which had a cash conversion cycle of 20.44 days. Q2 and Q3 of 2023 also saw improvements in the cash conversion cycle, indicating better management of working capital.
Comparing the data with the same quarters in 2022, it is evident that Cable One Inc has generally been able to reduce its cash conversion cycle over time. The company recorded the highest cash conversion cycle of 15.56 days in Q4 2022 but has consistently improved since then.
Overall, Cable One Inc seems to be effectively managing its working capital, as indicated by the decreasing trend in the cash conversion cycle over the past eight quarters. This suggests that the company is efficiently using its resources to generate cash flow from its operations.