Cable One Inc (CABO)

Financial leverage 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
Total assets	US$ in thousands	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	3,151,830	2,608,330	2,549,450	2,624,240
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
Financial leverage ratio		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	3.75	3.37	3.34	3.41

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 shown some fluctuation over the past eight quarters. The ratio has ranged from 3.59 to 3.95 during this period, indicating varying levels of leverage in the company's capital structure.

In general, a higher financial leverage ratio suggests that the company relies more on debt financing to fund its operations and investments, which can magnify returns but also increase financial risk. On the other hand, a lower financial leverage ratio indicates a more conservative financing approach with a higher proportion of equity in the capital structure.

Based on the trend observed, Cable One Inc's financial leverage ratio has been relatively stable around the 3.6 to 3.9 range, with some minor fluctuations. This suggests that the company has maintained a moderate level of leverage, balancing the benefits and risks associated with debt financing.

It would be important to analyze the company's overall financial health, profitability, cash flow generation, and debt repayment capabilities in conjunction with the financial leverage ratio to get a more comprehensive understanding of its financial position and risk profile.