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
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.