Frontier Communications Parent Inc (FYBR)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 750,000 | 1,125,000 | 322,000 | 2,127,000 | 1,829,000 |
| Short-term investments | US$ in thousands | 0 | 1,075,000 | 1,750,000 | 0 | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,289,000 | 2,275,000 | 2,295,000 | 1,451,000 | 7,140,000 |
| Quick ratio | 0.33 | 0.97 | 0.90 | 1.47 | 0.26 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($750,000K
+ $0K
+ $—K)
÷ $2,289,000K
= 0.33
The quick ratio of Frontier Communications Parent Inc has shown variations over the years based on the provided data.
- In December 31, 2020, the quick ratio was at a low of 0.26, indicating that the company may have had difficulty meeting its short-term obligations with its most liquid assets.
- By December 31, 2021, the quick ratio improved significantly to 1.47, suggesting the company had a much healthier liquidity position as it could comfortably cover its current liabilities with its quick assets.
- In the following years, the quick ratio fluctuated, indicating potential changes in the company's liquidity position. Despite some fluctuations, the quick ratio remained above 1 in 2022, 2023, and 2024, indicating a generally positive liquidity position.
Overall, the trend in Frontier Communications Parent Inc's quick ratio suggests improvements in liquidity from 2020 to 2021, with some fluctuations in the subsequent years. It is essential for the company to consistently monitor and manage its liquidity to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024