Cogent Communications Group Inc (CCOI)
Current 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 current assets | US$ in thousands | 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 | 475,728 | 474,373 | 485,993 | 333,850 |
| 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 |
| Current ratio | 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 | 5.30 | 5.50 | 5.39 | 4.09 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $513,627K ÷ $373,324K
= 1.38
The current ratio of Cogent Communications Holdings Inc has been fluctuating over the past few quarters, indicating changes in the company's liquidity position. The current ratio has generally remained above 1, indicating that the company has had more current assets than current liabilities to cover its short-term obligations.
In the most recent quarter, Q4 2023, the current ratio decreased to 1.38 from the previous quarter's 1.63. This drop could suggest a potential weakening of the company's short-term liquidity position as its current liabilities may have increased relative to current assets.
Compared to the same quarter in the prior year, Q4 2022, the current ratio has shown a downward trend from 3.04 to 1.38. This indicates a significant decrease in liquidity over the year, which may raise concerns about the company's ability to meet its short-term obligations effectively.
The current ratio fluctuation over the periods analyzed reveals a need for close monitoring of Cogent Communications Holdings Inc's liquidity position to ensure that the company can meet its short-term financial commitments. Additionally, further analysis of the components of current assets and liabilities may provide deeper insights into the company's overall financial health.
Peer comparison
Dec 31, 2023