Consolidated Communications (CNSL)

Solvency ratios

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
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
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
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
Financial leverage ratio 4.66 4.36 4.18 3.87 3.72 3.84 4.88 4.93 4.44 9.28 13.00 11.05 9.01 8.79 9.15 9.66 9.95 9.74 9.87 9.52

Consolidated Communications Holdings Inc's solvency ratios, as indicated by the debt-to-assets ratio, have been relatively stable over the past eight quarters, ranging from 0.55 to 0.59. This ratio suggests that approximately 55-59% of the company's assets are financed by debt.

The debt-to-capital ratio has also remained consistent, hovering between 0.67 and 0.74. This ratio indicates the proportion of the company's capital structure that is funded by debt, with values ranging from 67% to 74%.

The debt-to-equity ratio, reflecting the level of leverage taken on by the firm, has shown a gradual increase over the quarters, going from 2.06 to 2.79. This suggests that for every dollar of equity, the company has between $2.06 and $2.79 in debt, indicating a higher reliance on debt financing.

The financial leverage ratio, which measures the company's total debt relative to its equity, has also exhibited a rising trend from 3.75 to 4.70. This indicates that the company's debt levels have been increasing relative to equity.

Overall, the trend in these solvency ratios for Consolidated Communications Holdings Inc points towards an increasing reliance on debt for financing its operations and investments, which could potentially raise concerns about the company's ability to meet its debt obligations in the long term. Monitoring these ratios over time will be crucial to assess the company's solvency and financial health.

Coverage ratios

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
Interest coverage -13.84 -18.58 -12.74 -0.40 -10.62 -4.20 -2.26 -0.76 8.08 6.51 8.19 11.08 14.69 15.77 15.40 13.42 10.68 1.54 0.50 0.26

Consolidated Communications Holdings Inc's interest coverage ratio has displayed a declining trend over the past eight quarters, reaching negative values in the latest quarters. The interest coverage ratio indicates the company's ability to cover its interest expenses with its operating income. Negative values in Q4 2023 and Q3 2023 suggest that the company's operating income was insufficient to cover its interest payments during those periods. This may raise concerns about the company's financial health and its ability to meet its debt obligations. The improving trend from Q1 2023 to Q4 2022, where the ratio moved from negative to positive values, indicates some fluctuation in the company's ability to cover interest expenses during those quarters. Overall, the recent negative interest coverage ratios warrant closer examination of the company's financial situation, as it may indicate potential liquidity and solvency challenges.