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.
Peer comparison
Dec 31, 2023