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.


Peer comparison

Dec 31, 2023