Frontier Communications Parent Inc (FYBR)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,260 | 1,886,000 | 1,755,000 | 2,081,000 | 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 | 1,787,000 | 1,625,000 | 2,754,000 | 2,654,000 | 2,638,000 | 3,219,000 | 3,202,000 |
| Total current liabilities | US$ in thousands | 2,289,000 | 2,453,000 | 2,019,000 | 1,940,000 | 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 | 1,480,000 | 1,391,000 | 7,151,000 | 7,140,000 | 7,112,000 | 7,812,000 | 19,229,000 |
| Current ratio | 0.00 | 0.77 | 0.87 | 1.07 | 1.22 | 1.36 | 0.85 | 1.10 | 1.13 | 1.56 | 1.97 | 1.57 | 1.85 | 1.21 | 1.17 | 0.39 | 0.37 | 0.37 | 0.41 | 0.17 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,260K ÷ $2,289,000K
= 0.00
Frontier Communications Parent Inc's current ratio has shown a significant improvement over the years, starting at a very low level of 0.17 on March 31, 2020, and gradually increasing to 1.97 on June 30, 2022. This indicates the company's ability to meet its short-term obligations improved considerably during this period.
However, there was a slight decline in the current ratio after June 30, 2022, reaching 0.77 on September 30, 2024. This decrease may suggest potential challenges in the company's liquidity position or managing its current liabilities efficiently.
Moreover, the current ratio dropping to 0.00 on December 31, 2024 is a cause for concern as it implies that the company may have insufficient current assets to cover its current liabilities, potentially leading to liquidity issues in the short term.
In conclusion, Frontier Communications Parent Inc's current ratio has shown fluctuations over time, witnessing periods of improvement and decline. Continued monitoring of the current ratio is recommended to assess the company's liquidity position and ability to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024