Shenandoah Telecommunications Co (SHEN)
Solvency ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.24 | 0.14 | 0.12 | 0.10 | 0.08 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.36 | 0.37 | 0.36 | 0.38 | 0.39 | 0.40 |
| Debt-to-capital ratio | 0.31 | 0.18 | 0.16 | 0.13 | 0.10 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.57 | 0.59 | 0.60 | 0.59 | 0.61 | 0.62 |
| Debt-to-equity ratio | 0.45 | 0.23 | 0.19 | 0.15 | 0.12 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.32 | 1.42 | 1.47 | 1.46 | 1.55 | 1.60 |
| Financial leverage ratio | 1.86 | 1.62 | 1.58 | 1.57 | 1.53 | 1.44 | 1.39 | 1.37 | 1.39 | 2.01 | 3.10 | 3.31 | 3.51 | 3.65 | 3.68 | 3.85 | 4.06 | 3.87 | 3.93 | 3.96 |
The solvency ratios of Shenandoah Telecommunications Co. indicate the company's ability to meet its financial obligations and the extent of its reliance on debt.
1. Debt-to-assets ratio: This ratio shows the proportion of the company's assets financed by debt. Shenandoah Telecommunications Co. has seen a gradual increase in this ratio over the past quarters, reaching 0.25 in Q4 2023. This indicates that 25% of the company's assets are financed by debt.
2. Debt-to-capital ratio: This ratio reflects the extent of a company's capital that is financed by debt. The trend for Shenandoah Telecommunications Co. shows an increase in this ratio over the quarters, reaching 0.32 in Q4 2023. This indicates that 32% of the company's capital is financed by debt.
3. Debt-to-equity ratio: This ratio compares a company's total debt to its total equity, indicating the level of financial leverage. Shenandoah Telecommunications Co. has experienced an increase in this ratio over time, reaching 0.46 in Q4 2023. This implies that 46% of the company's equity is derived from debt.
4. Financial leverage ratio: This ratio measures the company's total assets in relation to its equity, showing the level of leverage employed. Shenandoah Telecommunications Co. has shown an increasing trend in this ratio, reaching 1.86 in Q4 2023. This suggests that the company is financing its assets at almost twice the rate of its equity.
Overall, the solvency ratios of Shenandoah Telecommunications Co. demonstrate a pattern of increasing reliance on debt to finance its operations and investments. Management should monitor these ratios closely to ensure the company maintains a healthy balance between debt and equity to sustain its financial health and meet its long-term obligations.
Coverage ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 1.79 | 2.20 | — | — | — | -4.32 | 171.15 | 172.93 | 174.16 | 344.64 | — | 7.44 | 4.78 | 4.14 | 3.80 | 3.15 | 3.22 | 2.76 | 2.85 | 2.64 |
As there is no specific data provided for the interest coverage ratio of Shenandoah Telecommunications Co. in the table across the different quarters of 2022 and 2023, a detailed analysis or comparison is not possible. It is essential for stakeholders and analysts to have access to these figures to evaluate the company's ability to meet interest payment obligations. Monitoring interest coverage over time helps assess the company's financial health, operational efficiency, and risk management in terms of servicing its debt. Without this crucial data, a comprehensive analysis of Shenandoah Telecommunications Co.'s interest coverage cannot be provided based on the data presented.