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