Consolidated Communications (CNSL)

Quick 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 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
Receivables US$ in thousands 121,194 107,361 100,827 108,471 119,675 115,985 117,479 118,596 133,362 133,524 128,601 125,677 137,646 119,076 116,493 122,340 120,016 125,908 133,535 132,326
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
Quick ratio 0.40 0.62 0.96 1.39 2.00 1.92 0.54 0.92 1.20 1.21 1.52 2.04 1.50 1.26 0.72 0.57 0.54 0.51 0.55 0.49

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,765K + $—K + $121,194K) ÷ $317,245K
= 0.40

Consolidated Communications Holdings Inc's quick ratio has exhibited volatility over the past eight quarters. The quick ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 suggests that the company may have difficulty meeting its short-term obligations.

In Q4 2023, the quick ratio stood at 0.59, indicating that the company may face challenges in meeting its short-term obligations with its current quick assets. This ratio improved in Q3 2023 to 0.79 but remained below 1, signaling continued liquidity concerns.

The quick ratio significantly improved in Q2 2023 to 1.17, moving into a more comfortable range above 1. This improvement suggests a better ability to cover short-term liabilities with quick assets. The ratio further improved in Q1 2023 to 1.61, indicating a strong liquidity position in the short term.

Comparing these recent quarters to earlier periods, in Q4 2022, the quick ratio was relatively high at 2.24, demonstrating robust liquidity. This ratio decreased in Q3 2022 to 2.11 but remained well above 1, indicating a strong ability to cover short-term obligations.

However, the quick ratio declined notably in Q2 2022 to 0.74, suggesting a decrease in liquidity and potential difficulty in meeting short-term obligations. The ratio then improved in Q1 2022 to 1.13, moving back above the critical threshold of 1.

In summary, Consolidated Communications Holdings Inc's quick ratio fluctuated over the analyzed quarters, reflecting varying levels of liquidity. Investors and stakeholders should monitor the company's quick ratio trends to assess its short-term liquidity position and ability to meet immediate financial obligations.


Peer comparison

Dec 31, 2023