Frontier Communications Parent Inc (FYBR)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,125,000 | 948,000 | 662,000 | 1,132,000 | 322,000 | 230,000 | 678,000 | 1,300,000 | 2,127,000 | 993,000 | 2,107,000 | 1,829,000 | 1,767,000 | 2,290,000 | 941,000 | 760,000 | 683,000 | 267,000 | 119,000 | 354,000 |
| Short-term investments | US$ in thousands | 1,075,000 | 1,275,000 | 575,000 | 900,000 | 1,750,000 | 2,325,000 | 2,300,000 | 900,000 | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 446,000 | 449,000 | 431,000 | 430,000 | 456,000 | 422,000 | 420,000 | 397,000 | 458,000 | — | 519,000 | 553,000 | 638,000 | 682,000 | 667,000 | 700,000 | 730,000 | 751,000 | 797,000 | 806,000 |
| 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 |
| Quick ratio | 1.16 | 1.30 | 0.81 | 1.07 | 1.10 | 1.51 | 1.91 | 1.52 | 1.78 | 0.71 | 0.37 | 0.33 | 0.34 | 0.38 | 0.08 | 0.52 | 0.52 | 0.44 | 0.46 | 0.45 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,125,000K
+ $1,075,000K
+ $446,000K)
÷ $2,275,000K
= 1.16
Frontier Communications Parent Inc's quick ratio has exhibited fluctuations over the past few years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
In recent quarters, the quick ratio has shown a mix of strong and weaker performance. For example, in September 2022, the quick ratio was 1.51, indicating a healthy liquidity position. However, in March 2021, the quick ratio dropped to 0.37, suggesting potential liquidity challenges.
Overall, there seems to be some volatility in Frontier Communications Parent Inc's ability to cover its short-term liabilities with its quick assets. It is important for the company to closely monitor its liquidity position and strive for consistency in maintaining a healthy quick ratio to ensure financial stability and meet its obligations as they come due.
Peer comparison
Dec 31, 2023