Cable One Inc (CABO)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 153,631 | 190,289 | 215,150 | 388,802 | 574,909 |
| Short-term investments | US$ in thousands | 85,195 | -2,228 | 25,794 | — | 807,781 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 213,872 | 202,837 | 244,155 | 269,075 | 221,582 |
| Quick ratio | 1.12 | 0.93 | 0.99 | 1.44 | 6.24 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($153,631K
+ $85,195K
+ $—K)
÷ $213,872K
= 1.12
The quick ratio of Cable One Inc has shown a significant decline over the years. Starting at an impressive 6.24 in December 2020, the quick ratio has decreased to 1.44 in December 2021, and further declined to 0.99 in December 2022. This trend continued with the ratio dropping to 0.93 in December 2023 before slightly improving to 1.12 in December 2024. The decreasing quick ratio indicates that the company may be facing challenges in meeting its short-term obligations with its most liquid assets. It is essential for Cable One Inc to closely monitor and manage its liquidity position to ensure it can meet its financial obligations efficiently.
Peer comparison
Dec 31, 2024