Cable One Inc (CABO)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 153,631 | 226,641 | 201,518 | 210,733 | 190,289 | 239,632 | 160,734 | 202,732 | 215,150 | 255,719 | 279,978 | 368,166 | 388,802 | 489,537 | 448,965 | 1,537,300 | 574,909 | 625,332 | 642,552 | 241,894 |
| Short-term investments | US$ in thousands | — | 27,442 | 27,442 | 28,226 | -2,228 | 31,767 | 30,852 | 23,707 | 25,794 | 18,994 | 4,685 | — | — | — | 697,527 | 807,093 | 807,781 | 25,250 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.72 | 0.71 | 1.22 | 1.28 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($153,631K
+ $—K
+ $—K)
÷ $213,872K
= 0.72
The quick ratio of Cable One Inc has fluctuated over the period from March 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
From March 31, 2020, to June 30, 2021, the quick ratio of Cable One Inc saw a significant increase, reaching a peak of 10.40 on March 31, 2021, indicating a strong ability to cover short-term obligations. However, from June 30, 2021, to December 31, 2024, the quick ratio experienced fluctuations, dropping to as low as 0.71 on September 30, 2024.
These fluctuations suggest changes in the company's liquidity position, which could be influenced by factors such as changes in current assets and liabilities. It is important for investors and stakeholders to closely monitor the quick ratio to assess Cable One Inc's ability to meet its short-term financial obligations efficiently.
Peer comparison
Dec 31, 2024