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