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