Cable One Inc (CABO)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,873,140K
= 0.00
The debt-to-equity ratio of Cable One Inc has been fluctuating over the past eight quarters. The trend shows an increase from 2.17 in Q4 2022 to 2.19 in Q1 2023, reaching a peak during this period. Subsequently, the ratio decreased to 2.13 in Q2 2023, followed by further declines in Q3 2023 and Q4 2023 to 2.06 and 1.95, respectively.
Overall, the debt-to-equity ratio indicates that the company had a higher level of debt compared to equity in most quarters, signifying higher financial leverage. This could suggest that Cable One Inc relies more on debt financing to support its operations and growth strategies. It is essential for investors and stakeholders to monitor changes in this ratio to assess the company's financial risk and stability over time.
Peer comparison
Dec 31, 2023