Cogent Communications Group Inc (CCOI)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 198,486 | 279,191 | 426,241 | 163,274 | 113,781 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.78 | 0.99 | 1.36 | 0.39 | 0.30 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($198,486K
+ $—K
+ $—K)
÷ $253,336K
= 0.78
The quick ratio of Cogent Communications Group Inc has fluctuated over the periods under review. The quick ratio provides a measure of the company's ability to meet its short-term obligations with its most liquid assets. From March 31, 2020, to September 30, 2021, the quick ratio stayed consistently high, ranging between 4.13 and 4.17, indicating a strong ability to cover its current liabilities with its quick assets. However, from March 31, 2021, to June 30, 2023, there was a significant decline in the quick ratio, dropping to as low as 0.31. This decline suggests a potential liquidity issue during that period.
Subsequently, from March 31, 2023, to June 30, 2024, the quick ratio showed some improvement, increasing from 0.39 to 1.36, but it remained below the earlier levels. The quick ratio of around 1.36 as of June 30, 2024, indicates that the company has improved its ability to cover short-term obligations but may still need to closely manage its liquidity position. Overall, it is important for investors and analysts to monitor Cogent Communications Group Inc's quick ratio over time to assess the company's liquidity risk and financial health.
Peer comparison
Dec 31, 2024