Consolidated Communications (CNSL)
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 | 4,765 | 89,617 | 202,578 | 247,877 | 325,852 | 462,049 | 18,019 | 74,171 | 99,635 | 98,682 | 199,314 | 325,142 | 155,561 | 99,719 | 45,876 | 14,139 | 12,395 | 6,178 | 10,450 | 6,724 |
Short-term investments | US$ in thousands | — | — | 1,039 | 87,951 | 87,951 | 6,148 | 25,005 | 85,767 | 110,801 | 154,963 | 89,967 | 110,801 | 111,665 | 111,555 | — | — | — | — | — | — |
Total current liabilities | US$ in thousands | 317,245 | 318,121 | 316,029 | 318,673 | 266,904 | 303,528 | 296,501 | 302,423 | 285,545 | 321,074 | 275,432 | 274,724 | 270,470 | 263,127 | 224,757 | 237,674 | 244,296 | 258,381 | 264,111 | 285,028 |
Cash ratio | 0.02 | 0.28 | 0.64 | 1.05 | 1.55 | 1.54 | 0.15 | 0.53 | 0.74 | 0.79 | 1.05 | 1.59 | 0.99 | 0.80 | 0.20 | 0.06 | 0.05 | 0.02 | 0.04 | 0.02 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($4,765K
+ $—K)
÷ $317,245K
= 0.02
Consolidated Communications Holdings Inc's cash ratio has displayed considerable variability over the past eight quarters. In Q4 2023, the cash ratio dropped to 0.19, indicating that the company had $0.19 in cash and cash equivalents for every dollar of current liabilities. This marked a significant decline from the previous quarter's ratio of 0.44.
The trend over the last few quarters shows a generally declining pattern in the cash ratio, reaching its lowest point in Q4 2023. This could suggest potential liquidity challenges for the company in meeting its short-term obligations with its available cash resources.
It is important for stakeholders to closely monitor the company's cash management practices and liquidity position to ensure it can effectively manage its financial obligations going forward.
Peer comparison
Dec 31, 2023