Frontier Communications Parent Inc (FYBR)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,260,000 | 2,781,000 | 2,597,000 | 2,688,000 | 2,654,000 |
| Total current liabilities | US$ in thousands | 2,289,000 | 2,275,000 | 2,295,000 | 1,451,000 | 7,140,000 |
| Current ratio | 0.55 | 1.22 | 1.13 | 1.85 | 0.37 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,260,000K ÷ $2,289,000K
= 0.55
Frontier Communications Parent Inc's current ratio has fluctuated over the past five years. The ratio was notably low at 0.37 as of December 31, 2020, indicating potential liquidity concerns and a limited ability to cover short-term obligations with current assets. Subsequently, there was a significant improvement as of December 31, 2021, with the current ratio reaching 1.85, reflecting a healthier liquidity position. However, the ratio decreased to 1.13 by December 31, 2022, suggesting a slight weakening in the company's ability to meet short-term liabilities with current assets.
As of December 31, 2023, there was a modest increase in the current ratio to 1.22, indicating a slight improvement in liquidity compared to the previous year. However, by December 31, 2024, the current ratio declined to 0.55, signaling a potential liquidity strain and a decreased ability to meet short-term obligations with current assets. Overall, Frontier Communications Parent Inc's current ratio has shown variability, with periods of both strength and weakness in liquidity management over the past five years. It's essential for the company to continue monitoring and managing its current assets and liabilities effectively to ensure adequate liquidity for operational needs and financial stability.
Peer comparison
Dec 31, 2024