Cable One Inc (CABO)
Debt-to-capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,873,140 | 1,802,730 | 1,767,740 | 1,742,610 | 1,757,970 | 1,897,130 | 1,905,500 | 1,936,150 | 1,793,100 | 1,731,220 | 1,680,840 | 1,600,650 | 1,495,300 | 1,384,400 | 1,323,550 | 810,891 | 841,569 | 774,759 | 762,908 | 769,035 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 for Cable One Inc has been relatively stable over the past eight quarters, ranging between 0.66 and 0.69. This ratio indicates the proportion of the company's capital structure that is funded by debt. With the ratio hovering around 0.67 to 0.68 for most quarters, it suggests that Cable One Inc relies moderately on debt financing compared to equity.
Overall, the trend in the debt-to-capital ratio shows a consistent level of debt usage by Cable One Inc to finance its operations and investments. It appears that the company has maintained a balanced mix of debt and equity in its capital structure, which may indicate a prudent approach to managing financial risk and capital requirements.
Peer comparison
Dec 31, 2023