Consolidated Communications (CNSL)

Current 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
Total current assets	US$ in thousands	256,155	322,309	439,351	511,583	598,144	734,586	316,086	436,954	427,815	471,180	470,750	500,465	340,661	266,443	207,907	185,828	176,867	185,449	200,596	195,878
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
Current ratio		0.81	1.01	1.39	1.61	2.24	2.42	1.07	1.44	1.50	1.47	1.71	1.82	1.26	1.01	0.93	0.78	0.72	0.72	0.76	0.69

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 exhibited fluctuations over the past eight quarters, ranging from a low of 0.81 in Q4 2023 to a high of 2.42 in Q3 2022. The current ratio measures the company's ability to cover its short-term obligations with its current assets.

The declining trend in the current ratio from Q3 2022 to Q4 2023 raises concerns about the company's liquidity position and its ability to meet its short-term obligations. A current ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its current assets.

It is important to further analyze the components of current assets and current liabilities to understand the factors driving the changes in the current ratio over the past quarters. Additionally, monitoring the trend in the current ratio going forward will be crucial to assess the company's liquidity and financial health.