Frontier Communications Parent Inc (FYBR)

Liquidity ratios

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
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
Quick ratio 0.00 1.08 0.59 0.78 0.97 1.08 0.60 0.88 0.90 1.29 1.67 1.28 1.47 0.82 0.71 0.30 0.26 0.25 0.29 0.05
Cash ratio 0.00 1.08 0.59 0.78 0.97 1.08 0.60 0.88 0.90 1.29 1.67 1.28 1.47 0.82 0.71 0.30 0.26 0.25 0.29 0.05

Frontier Communications Parent Inc's liquidity ratios have shown significant fluctuations over the reporting periods. The current ratio, which measures the company's ability to meet short-term obligations, increased from a low of 0.17 in March 2020 to a peak of 1.97 in June 2022 before declining to 0.77 by September 2024. This indicates that the company improved its short-term liquidity position but has recently experienced some challenges in maintaining the same level of liquidity.

Similarly, the quick ratio, a more stringent measure of liquidity that excludes inventory from current assets, followed a similar trend, reaching a high of 1.67 in June 2022 and then decreasing to 0.59 by June 2024. The quick ratio also suggests that Frontier Communications Parent Inc may be facing difficulties in meeting its short-term obligations without relying on inventory.

The cash ratio, which is the most conservative liquidity ratio as it only considers cash and cash equivalents, exhibited a comparable pattern to the quick ratio. The cash ratio peaked at 1.67 in June 2022 and then declined to 0.59 by June 2024.

Overall, while Frontier Communications Parent Inc has shown improvements in its liquidity position over the years, the recent declines in the current, quick, and cash ratios may indicate potential liquidity challenges that the company needs to address to ensure its financial health and ability to meet its short-term obligations.


Additional liquidity measure

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
Cash conversion cycle days 0.00 6.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Frontier Communications Parent Inc's cash conversion cycle remained at 0.00 days consistently from March 31, 2020, to June 30, 2024, indicating that the company efficiently converted its investments in inventory and accounts receivable into cash. However, as of September 30, 2024, there was a slight increase in the cash conversion cycle to 6.07 days, suggesting a potential delay in the conversion of inventory and receivables into cash. It is essential for the company to monitor and manage this metric to ensure optimal working capital management and cash flow efficiency.