Consolidated Communications (CNSL)
Debt-to-equity 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-equity ratio | 2.75 | 2.53 | 2.38 | 2.13 | 2.05 | 2.07 | 2.91 | 2.94 | 2.53 | 5.33 | 7.54 | 6.43 | 4.97 | 5.73 | 6.04 | 6.40 | 6.60 | 6.42 | 6.49 | 6.19 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,142,860K ÷ $779,364K
= 2.75
Consolidated Communications Holdings Inc's debt-to-equity ratio has exhibited some fluctuation over the past eight quarters. The trend shows an increase in the ratio from Q1 2022 to Q1 2023, indicating a rising level of debt in comparison to equity during this period. The ratio peaked at 2.94 in Q2 2022 before declining slightly in the subsequent quarters.
The company has generally maintained a higher level of debt relative to equity, with the ratio consistently above 2. This suggests that Consolidated Communications Holdings Inc has been relying more on debt financing than equity financing to support its operations and growth initiatives.
Overall, the upward trend in the debt-to-equity ratio signals potential financial risks associated with a higher debt burden. Investors and stakeholders may monitor this ratio closely to assess the company's leverage and financial stability.
Peer comparison
Dec 31, 2023