Frontier Communications Parent Inc (FYBR)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,781,000 | 2,798,000 | 1,761,000 | 2,544,000 | 2,597,000 | 3,078,000 | 3,502,000 | 2,688,000 | 2,688,000 | 1,625,000 | 2,847,000 | 2,654,000 | 2,638,000 | 3,219,000 | 3,202,000 | 3,037,000 | 3,009,000 | 2,614,000 | 1,110,000 | 1,330,000 |
| 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 |
| Current ratio | 1.22 | 1.36 | 0.85 | 1.10 | 1.13 | 1.56 | 1.97 | 1.57 | 1.85 | 1.17 | 0.40 | 0.37 | 0.37 | 0.41 | 0.17 | 1.08 | 1.10 | 1.14 | 0.55 | 0.52 |
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 displayed significant volatility over the past two years. The ratio started relatively high at 1.14 at the end of 2018 and peaked at 1.97 in June 2022. However, since then, the current ratio has been on a downward trend, reaching a low of 0.17 in March 2020 before showing slight improvement to 1.36 in September 2023.
A current ratio above 1 indicates that the company has more current assets than current liabilities, which suggests a strong ability to cover its short-term obligations. However, the ratio should be analyzed in conjunction with industry benchmarks and other financial metrics to provide a more comprehensive assessment of the company's liquidity position.
The recent improvement in the current ratio from 0.17 to 1.36 may signal a positive development in Frontier Communications Parent Inc's short-term liquidity position, but the trend still shows volatility that warrants closer monitoring to ensure stability in meeting its short-term obligations.
Peer comparison
Dec 31, 2023