Cable One Inc (CABO)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 6,846,930 | 6,913,890 | 6,953,990 | 4,488,340 | 3,151,830 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,846,930K
= 0.00
The debt-to-assets ratio of Cable One Inc has shown some fluctuation over the past five years. In 2023, the ratio was 0.53, slightly lower than the previous year's ratio of 0.55. This indicates that the company had $0.53 in debt for every dollar of assets. The ratio has varied between 0.49 and 0.55 during this period, with the lowest ratio observed in 2020. Overall, the trend suggests that Cable One Inc has been effectively managing its debt levels relative to its total assets, although it is important to consider the specific context and industry benchmarks when evaluating the significance of these ratios.
Peer comparison
Dec 31, 2023