Cogent Communications Group Inc (CCOI)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 75,092 | 109,661 | 192,366 | 184,140 | 223,783 | 268,945 | 312,051 | 281,485 | 319,609 | 351,879 | 373,963 | 237,980 | 371,301 | 393,293 | 417,026 | 375,116 | 399,422 | 396,271 | 399,422 | 399,422 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 373,324 | 355,662 | 415,824 | 127,422 | 120,284 | 121,607 | 96,879 | 91,605 | 81,010 | 98,996 | 93,726 | 422,709 | 94,443 | 95,247 | 100,063 | 90,140 | 89,694 | 86,225 | 90,217 | 81,551 |
| Cash ratio | 0.20 | 0.31 | 0.46 | 1.45 | 1.86 | 2.21 | 3.22 | 3.07 | 3.95 | 3.55 | 3.99 | 0.56 | 3.93 | 4.13 | 4.17 | 4.16 | 4.45 | 4.60 | 4.43 | 4.90 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($75,092K
+ $—K)
÷ $373,324K
= 0.20
The cash ratio of Cogent Communications Holdings Inc has been fluctuating over the past eight quarters. It decreased from 3.67 in Q2 2022 to 0.91 in Q4 2023. This indicates a reduction in the company's ability to cover its short-term liabilities with its available cash and cash equivalents. It is worth noting that the cash ratio was at relatively higher levels in the past, such as 2.24 in Q4 2022 and 1.83 in Q1 2023, but has seen a downward trend in recent quarters. This downward trend may raise concerns about the company's liquidity position and its ability to meet its immediate financial obligations. Further analysis of the company's cash management practices and overall financial health is recommended to understand the reasons behind these fluctuations in the cash ratio.
Peer comparison
Dec 31, 2023