Cable One Inc (CABO)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 6,525,900 | 6,660,680 | 6,827,640 | 6,840,180 | 6,846,930 | 6,911,780 | 6,882,740 | 6,879,350 | 6,913,890 | 6,932,250 | 6,895,080 | 6,959,420 | 6,953,990 | 6,900,600 | 6,830,000 | 5,432,260 | 4,488,340 | 3,826,810 | 3,743,450 | 3,298,360 |
| Total stockholders’ equity | US$ in thousands | 1,796,030 | 1,884,600 | 1,963,620 | 1,926,740 | 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 |
| Financial leverage ratio | 3.63 | 3.53 | 3.48 | 3.55 | 3.66 | 3.83 | 3.89 | 3.95 | 3.93 | 3.65 | 3.62 | 3.59 | 3.88 | 3.99 | 4.06 | 3.39 | 3.00 | 2.76 | 2.83 | 4.07 |
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 fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 4.07 on March 31, 2020, which indicates a higher level of financial leverage. Subsequently, there was a decreasing trend in the ratio, reaching a low of 2.76 on September 30, 2020.
However, from December 31, 2020, to June 30, 2021, the financial leverage ratio increased, peaking at 4.06 on June 30, 2021. This spike suggests a higher reliance on debt to finance the company's operations during that period. Thereafter, the ratio gradually decreased to 3.48 on June 30, 2024, indicating a moderation in the company's financial leverage.
Overall, the financial leverage ratio of Cable One Inc fluctuated between 2.76 and 4.07 during the analyzed period, with a general trend of initial increase and subsequent decrease. This suggests that the company may have adjusted its capital structure and debt levels over time to manage its financial leverage effectively.
Peer comparison
Dec 31, 2024