Consolidated Communications (CNSL)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	2,142,860	2,141,180	2,118,850	1,932,670	2,250,680
Total assets	US$ in thousands	3,628,430	3,887,090	3,712,690	3,507,300	3,390,280
Debt-to-assets ratio		0.59	0.55	0.57	0.55	0.66

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,142,860K ÷ $3,628,430K
= 0.59

Consolidated Communications Holdings Inc's debt-to-assets ratio has fluctuated over the past five years, ranging from 0.55 to 0.67. The ratio indicates the proportion of the company's assets financed by debt, with a higher ratio suggesting more reliance on debt financing.

In 2023, the debt-to-assets ratio increased to 0.59 from 0.55 in 2022, indicating a slightly higher level of debt compared to total assets. Despite this increase, the ratio remains within a moderate range, suggesting a balanced capital structure.

The company's debt-to-assets ratio was the highest in 2019 at 0.67, indicating a higher level of debt relative to assets at that time. Subsequently, the ratio decreased over the next three years, reaching its lowest point in 2022 at 0.55. This downward trend suggests a potential improvement in the company's debt management and asset utilization during this period.

Overall, the fluctuation in Consolidated Communications Holdings Inc's debt-to-assets ratio over the five-year period reflects changes in the company's debt and asset composition. Further analysis of the company's financial health and business strategies would be necessary to fully understand the implications of these ratio variations.