Cable One Inc (CABO)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,873,140 | 1,757,970 | 1,793,100 | 1,495,300 | 841,569 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,873,140K)
= 0.00
The debt-to-capital ratio of Cable One Inc has exhibited some variability over the past five years. As of December 31, 2023, the ratio stands at 0.66, indicating that 66% of the company's capital structure is funded by debt. This represents a slight decrease from the previous year when the ratio was 0.68.
Looking further back, the ratio was also 0.68 in 2022 and 2011, suggesting a consistent level of leverage during those years. In 2020, the ratio decreased to 0.59, indicating a lower reliance on debt for capital funding. However, in 2019, the ratio increased to 0.67, showing a higher proportion of debt in the capital structure compared to 2020.
Overall, the trend in the debt-to-capital ratio of Cable One Inc over the past five years has been somewhat fluctuating, with the company maintaining a moderate to high level of leverage. It is important for investors and stakeholders to monitor these changes to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2023