Cable One Inc (CABO)
Interest coverage
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 395,546 | 480,861 | 500,740 | 525,806 | 540,493 | 551,483 | 543,462 | 528,977 | 630,694 | 615,643 | 609,872 | 607,852 | 475,171 | 458,797 | 435,363 | 407,051 | 389,577 | 373,904 | 359,422 | 330,514 |
| Interest expense (ttm) | US$ in thousands | 137,998 | 147,339 | 156,513 | 164,767 | 170,146 | 166,929 | 159,934 | 148,796 | 137,713 | 128,975 | 123,081 | 119,948 | 113,449 | 103,781 | 90,846 | 78,514 | 73,607 | 71,887 | 70,406 | 72,307 |
| Interest coverage | 2.87 | 3.26 | 3.20 | 3.19 | 3.18 | 3.30 | 3.40 | 3.56 | 4.58 | 4.77 | 4.96 | 5.07 | 4.19 | 4.42 | 4.79 | 5.18 | 5.29 | 5.20 | 5.10 | 4.57 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $395,546K ÷ $137,998K
= 2.87
The Interest Coverage ratio for Cable One Inc has been fluctuating over the past few years. As of December 31, 2024, the interest coverage ratio stands at 2.87, indicating the company's ability to meet its interest obligations has weakened. This may raise concerns about the company's financial health and ability to cover its interest expenses with operating income. The downward trend from previous periods suggests that the company may be experiencing challenges in generating sufficient earnings to cover its interest payments effectively. Management should closely monitor this ratio and take appropriate steps to improve the company's financial stability and profitability.
Peer comparison
Dec 31, 2024