Cogent Communications Group Inc (CCOI)
Current 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 current assets | US$ in thousands | 482,101 | 569,403 | 689,475 | 473,161 | 513,627 | 581,251 | 713,189 | 328,797 | 365,913 | 413,504 | 437,469 | 395,190 | 409,577 | 436,118 | 454,555 | 316,270 | 456,337 | 475,353 | 497,116 | 456,562 |
| Total current liabilities | US$ in thousands | 253,336 | 280,633 | 312,960 | 420,609 | 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 |
| Current ratio | 1.90 | 2.03 | 2.20 | 1.12 | 1.38 | 1.63 | 1.72 | 2.58 | 3.04 | 3.40 | 4.52 | 4.31 | 5.06 | 4.41 | 4.85 | 0.75 | 4.83 | 4.99 | 4.97 | 5.07 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $482,101K ÷ $253,336K
= 1.90
The current ratio of Cogent Communications Group Inc has shown varying trends over the reporting periods. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
From March 31, 2020, to March 31, 2021, the current ratio remained relatively stable at high levels, ranging from 4.97 to 5.07, indicating a strong ability to cover its short-term liabilities with its current assets.
However, a significant decline in the current ratio was observed from March 31, 2021, to March 31, 2024, dropping to as low as 1.12 by the end of the period. This downward trend suggests a diminishing ability to cover short-term obligations with current assets, reducing liquidity and potentially raising concerns about the company's financial health.
It is important to note that a current ratio below 1 indicates a liquidity issue, as current liabilities exceed current assets. Cogent Communications Group Inc experienced a current ratio below 1 in the last two quarters of reporting, indicating potential difficulties in meeting short-term obligations with available assets during those periods.
Overall, monitoring the current ratio trend is crucial for assessing Cogent Communications Group Inc's liquidity position and its ability to manage short-term financial obligations effectively.
Peer comparison
Dec 31, 2024