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