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 | ||
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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 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