Cable One Inc (CABO)

Quick ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash US$ in thousands 190,289 215,150 388,802 574,909 125,271
Short-term investments US$ in thousands -2,228 25,794 807,781
Receivables US$ in thousands 93,973 77,574 82,987 81,265 41,799
Total current liabilities US$ in thousands 202,837 244,155 269,075 221,582 189,542
Quick ratio 1.39 1.30 1.75 6.61 0.88

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($190,289K + $-2,228K + $93,973K) ÷ $202,837K
= 1.39

The quick ratio of Cable One Inc has shown variability over the past five years. In 2023, the quick ratio stands at 1.69, indicating that the company has $1.69 in liquid assets available to cover each dollar of current liabilities. This reflects an improvement compared to the previous year when the quick ratio was 1.42.

In 2021, the quick ratio was relatively high at 1.86, suggesting a strong ability to meet short-term obligations with liquid assets. The quick ratio significantly increased in 2020 to 3.04, indicating a substantial increase in liquid assets relative to current liabilities, which could imply improved liquidity and financial health.

However, the quick ratio was lower in 2019 at 0.96, below the ideal benchmark of 1. This could indicate potential liquidity issues or challenges in meeting short-term obligations with current liquid assets in that year.

Overall, while there has been some fluctuation in Cable One Inc's quick ratio over the years, the company generally demonstrates a reasonable ability to cover its short-term liabilities with liquid assets, with improvements noted in some periods.


Peer comparison

Dec 31, 2023