Cable One Inc (CABO)
Quick ratio
| 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 | US$ in thousands | 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 | 125,271 | 145,848 | 102,283 | 187,559 |
| Short-term investments | US$ in thousands | -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 | 93,973 | 86,331 | 74,611 | 46,149 | 77,574 | 67,840 | 79,987 | 60,777 | 82,987 | 79,012 | 75,055 | 46,839 | 81,265 | 96,423 | 65,013 | 54,411 | 41,799 | 1,761 | 2,693 | 4,658 |
| Total current liabilities | US$ in thousands | 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 | 189,542 | 153,179 | 143,048 | 141,204 |
| 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 |
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 some fluctuations over the past eight quarters. The quick ratio measures the ability of a company to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
Looking at the data provided, the quick ratio has generally been above 1 in all quarters, indicating a strong ability to cover short-term obligations. However, there have been fluctuations in the quick ratio over the quarters, ranging from a low of 1.40 in Q3 2022 to a high of 1.87 in Q1 2022.
The highest quick ratio was observed in Q1 2022 at 1.87, indicating a particularly strong liquidity position at that time. On the other hand, the lowest quick ratio was recorded in Q3 2022 at 1.40, which may suggest a slightly reduced ability to cover short-term obligations compared to other quarters.
Overall, Cable One Inc's quick ratio has demonstrated generally healthy liquidity levels, with some variability in the ability to cover short-term liabilities over the quarters. It would be important to monitor future trends in the quick ratio to ensure the company maintains a strong liquidity position.
Peer comparison
Dec 31, 2023