Consolidated Communications (CNSL)
Debt-to-assets 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 | ||
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Long-term debt | US$ in thousands | 2,142,860 | 2,142,430 | 2,142,010 | 2,141,590 | 2,141,180 | 2,140,770 | 2,140,360 | 2,139,960 | 2,118,850 | 2,139,180 | 2,138,790 | 2,137,270 | 1,932,670 | 2,205,440 | 2,209,500 | 2,221,570 | 2,250,680 | 2,270,900 | 2,293,060 | 2,291,970 |
Total assets | US$ in thousands | 3,628,430 | 3,685,960 | 3,759,410 | 3,891,920 | 3,887,090 | 3,968,980 | 3,585,720 | 3,595,450 | 3,712,690 | 3,728,950 | 3,686,800 | 3,673,820 | 3,507,300 | 3,383,830 | 3,347,640 | 3,355,130 | 3,390,280 | 3,443,300 | 3,485,710 | 3,524,040 |
Debt-to-assets ratio | 0.59 | 0.58 | 0.57 | 0.55 | 0.55 | 0.54 | 0.60 | 0.60 | 0.57 | 0.57 | 0.58 | 0.58 | 0.55 | 0.65 | 0.66 | 0.66 | 0.66 | 0.66 | 0.66 | 0.65 |
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 shown a slight increase from 0.55 in Q1 2023 to 0.59 in Q4 2023. This upward trend indicates that the company's level of debt in relation to its total assets has been growing over the quarters. The ratio has been consistently above 0.5, suggesting that more than half of the company's assets are financed by debt. This may indicate higher financial leverage and potential risks associated with servicing debt obligations. It is important for investors and stakeholders to closely monitor the company's ability to manage its debt levels and maintain a healthy balance sheet to ensure long-term financial stability.
Peer comparison
Dec 31, 2023