Cable One Inc (CABO)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 6,525,900 | 6,846,930 | 6,913,890 | 6,953,990 | 4,488,340 |
| Total stockholders’ equity | US$ in thousands | 1,796,030 | 1,873,140 | 1,757,970 | 1,793,100 | 1,495,300 |
| Financial leverage ratio | 3.63 | 3.66 | 3.93 | 3.88 | 3.00 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,525,900K ÷ $1,796,030K
= 3.63
The financial leverage ratio of Cable One Inc has shown a fluctuating trend over the period from December 31, 2020, to December 31, 2024.
Initially, the ratio was at 3.00 on December 31, 2020, and increased to 3.88 by December 31, 2021. There was a further increase to 3.93 by December 31, 2022, showing a rising trend in leverage.
However, the ratio declined to 3.66 by December 31, 2023, but then slightly improved to 3.63 by December 31, 2024. This indicates a slight decrease in leverage towards the end of the period.
Overall, the financial leverage ratio of Cable One Inc remained relatively stable within the range of 3.00 to 3.93 during the period, suggesting that the company has been using a moderate level of financial leverage to support its operations and growth initiatives.
Peer comparison
Dec 31, 2024