Consolidated Communications (CNSL)

Debt-to-capital 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 stockholders’ equity US$ in thousands 779,364 845,352 899,238 1,005,240 1,045,450 1,032,780 734,313 728,837 836,376 401,636 283,494 332,506 389,228 384,963 365,667 347,213 340,881 353,500 353,101 370,167
Debt-to-capital ratio 0.73 0.72 0.70 0.68 0.67 0.67 0.74 0.75 0.72 0.84 0.88 0.87 0.83 0.85 0.86 0.86 0.87 0.87 0.87 0.86

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,142,860K ÷ ($2,142,860K + $779,364K)
= 0.73

The debt-to-capital ratio of Consolidated Communications Holdings Inc has displayed some fluctuations over the past eight quarters. In the most recent quarter of Q4 2023, the ratio stood at 0.74, showing a slight increase from the previous quarter's value of 0.72. This indicates that the company's debt level relative to its total capital has increased marginally.

Looking back over the quarters, the ratio has generally been fluctuating within a relatively narrow range, with values varying between 0.68 and 0.75. The highest level observed was in Q2 and Q1 of 2022, where the ratio reached 0.75, suggesting a higher reliance on debt relative to capital during that period.

Overall, the trend in the debt-to-capital ratio for Consolidated Communications Holdings Inc indicates a moderate level of indebtedness, with some variability in the degree of leverage employed by the company. Further analysis and consideration of other financial metrics would be beneficial to gain a more comprehensive understanding of the company's financial health and risk profile.


Peer comparison

Dec 31, 2023