Cogent Communications Group Inc (CCOI)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 135,475 | 87,170 | 89,207 | 45,172 | 44,123 | 43,433 | 44,568 | 41,662 | 41,938 | 43,672 | 43,751 | 41,234 | 44,185 | 42,053 | 40,560 | 42,964 | 40,484 | 41,292 | 40,684 | 39,258 |
| 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 |
| Quick ratio | 0.56 | 0.55 | 0.68 | 1.80 | 2.23 | 2.57 | 3.68 | 3.53 | 4.46 | 4.00 | 4.46 | 0.66 | 4.40 | 4.57 | 4.57 | 4.64 | 4.90 | 5.07 | 4.88 | 5.38 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($75,092K
+ $—K
+ $135,475K)
÷ $373,324K
= 0.56
The quick ratio of Cogent Communications Holdings Inc has shown some fluctuation over the past few quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio has decreased steadily from 4.13 in Q2 2022 to 1.27 in Q4 2023. This downward trend indicates a potential weakening in the company's ability to cover its short-term liabilities with its quick assets.
A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities. However, a decreasing trend may raise concerns about liquidity and the company's ability to meet its short-term obligations.
Further analysis is required to understand the specific factors contributing to the decrease in the quick ratio and to assess the overall liquidity position of Cogent Communications Holdings Inc.
Peer comparison
Dec 31, 2023