Cable One Inc (CABO)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 6,846,930 | 6,913,890 | 6,953,990 | 4,488,340 | 3,151,830 |
| Total stockholders’ equity | US$ in thousands | 1,873,140 | 1,757,970 | 1,793,100 | 1,495,300 | 841,569 |
| Financial leverage ratio | 3.66 | 3.93 | 3.88 | 3.00 | 3.75 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,846,930K ÷ $1,873,140K
= 3.66
The financial leverage ratio of Cable One Inc has fluctuated over the past five years. In 2020, the ratio stood at 3.00, indicating that the company had a lower level of financial leverage. This suggests that a smaller portion of the company's assets was funded by debt compared to the other years analyzed.
On the other hand, in 2022, the ratio increased to 3.93, indicating a higher level of financial leverage, which might imply that the company relied more on debt to finance its operations and investments during that period.
In 2023, the financial leverage ratio decreased slightly to 3.66, showing a relatively lower level of leverage compared to the previous year but still higher than the 2020 level. Overall, the trend in the financial leverage ratio of Cable One Inc suggests varying degrees of reliance on debt financing over the analyzed period.
Peer comparison
Dec 31, 2023