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
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