Frontier Communications Parent Inc (FYBR)

Cash 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 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 Dec 31, 2018
Cash and cash equivalents US$ in thousands 1,125,000 948,000 662,000 1,132,000 322,000 230,000 678,000 1,300,000 2,127,000 993,000 2,107,000 1,829,000 1,767,000 2,290,000 941,000 760,000 683,000 267,000 119,000 354,000
Short-term investments US$ in thousands 1,075,000 1,275,000 575,000 900,000 1,750,000 2,325,000 2,300,000 900,000
Total current liabilities US$ in thousands 2,275,000 2,051,000 2,067,000 2,311,000 2,295,000 1,977,000 1,779,000 1,713,000 1,451,000 1,391,000 7,151,000 7,140,000 7,112,000 7,812,000 19,229,000 2,804,000 2,740,000 2,300,000 2,010,000 2,561,000
Cash ratio 0.97 1.08 0.60 0.88 0.90 1.29 1.67 1.28 1.47 0.71 0.29 0.26 0.25 0.29 0.05 0.27 0.25 0.12 0.06 0.14

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,125,000K + $1,075,000K) ÷ $2,275,000K
= 0.97

The cash ratio of Frontier Communications Parent Inc has fluctuated over the past five years. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.

In December 2023, the cash ratio was 0.97, indicating that the company had $0.97 in cash and cash equivalents for every dollar of its short-term liabilities. This ratio improved from the previous quarter, where it was 0.88 in March 2023.

The highest cash ratio in recent years was 1.67 in June 2022, suggesting a strong ability to meet short-term obligations with available cash. Conversely, the lowest ratio was 0.05 in March 2020, reflecting a significant decrease in the company's liquidity position.

Overall, analyzing the trend of the cash ratio reveals fluctuations in Frontier Communications Parent Inc's liquidity position over the years, with some periods demonstrating stronger cash reserves to cover short-term obligations compared to others.


Peer comparison

Dec 31, 2023