Consolidated Communications (CNSL)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	256,155	598,144	427,815	340,661	176,867
Total current liabilities	US$ in thousands	317,245	266,904	285,545	270,470	244,296
Current ratio		0.81	2.24	1.50	1.26	0.72

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $256,155K ÷ $317,245K
= 0.81

Consolidated Communications Holdings Inc's current ratio has experienced fluctuations over the past five years. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, was 0.81 as of Dec 31, 2023. This represents a significant decline from the previous year's current ratio of 2.24, indicating potential liquidity concerns for the company.

In 2022, the current ratio was healthy at 1.50, suggesting the company had sufficient current assets to meet its short-term obligations. The ratio decreased slightly to 1.26 in 2021, still indicating a relatively stable liquidity position. However, there was a notable decline in 2020, with the current ratio dropping to 0.72, which may have raised concerns about the company's ability to cover its short-term liabilities.

Overall, the trend in Consolidated Communications Holdings Inc's current ratio shows varying levels of liquidity over the years, with the most recent data pointing to a potentially challenging liquidity position. It would be important to further investigate the reasons behind this decline and monitor the company's liquidity management closely in the future.