Frontier Communications Parent Inc (FYBR)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,781,000 | 2,597,000 | 2,688,000 | 2,654,000 | 3,037,000 |
| Total current liabilities | US$ in thousands | 2,275,000 | 2,295,000 | 1,451,000 | 7,140,000 | 2,804,000 |
| Current ratio | 1.22 | 1.13 | 1.85 | 0.37 | 1.08 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,781,000K ÷ $2,275,000K
= 1.22
The current ratio of Frontier Communications Parent Inc has varied significantly over the past five years. The ratio stood at 1.22 at the end of 2023, indicating that the company had $1.22 in current assets for every $1 in current liabilities. This represents an improvement from the previous year when the ratio was 1.13.
In 2021, the current ratio was notably high at 1.85, suggesting a strong ability to cover short-term obligations with current assets. However, in 2020, the ratio was only 0.37, which signifies potential liquidity issues and challenges in meeting short-term liabilities.
The fluctuations in the current ratio indicate changes in the company's liquidity position over the years. It is essential for Frontier Communications Parent Inc to closely monitor and manage its current assets and liabilities to ensure a healthy liquidity position and meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023