Cable One Inc (CABO)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,873,140K
= 0.00
The debt-to-equity ratio for Cable One Inc has fluctuated over the past five years, ranging from 1.46 in 2020 to 2.17 in 2022. A higher debt-to-equity ratio indicates that the company is relying more on debt financing rather than equity. In 2023, the ratio decreased to 1.95, suggesting a slightly lower level of debt relative to equity compared to the prior year.
It's important to note that a high debt-to-equity ratio can signal increased financial risk and potential issues with debt repayment, while a lower ratio may indicate a more conservative capital structure. Overall, further analysis and monitoring of the trend in the debt-to-equity ratio can provide insights into Cable One Inc's financial leverage and risk management strategies.
Peer comparison
Dec 31, 2023