The company's financial leverage remains elevated with a debt-to-equity ratio of 2.10 as of 2026Q1, while total assets have shrunk from $6.8 billion to $5.5 billion over the last two years.
Cable One, Inc. (CABO) balance sheet — 13-year assets, liabilities & shareholders' equity history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|
| Total Assets | 4.71B | 5.59B | 6.53B | 6.76B | 6.89B | 6.95B | 4.49B | 3.15B | 2.3B | 2.22B | 1.4B | 1.41B | 1.26B | 1.25B |
| Asset Growth % | -65.53% | -14.37% | -3.46% | -1.84% | -0.98% | 54.93% | 42.4% | 36.84% | 3.83% | 58.76% | -0.8% | 11.61% | 1.1% | - |
| PP&E (Net) | 1.79B | 1.78B | 1.79B | 1.8B | 1.71B | 1.87B | 1.28B | 1.22B | 847.98M | 831.89M | 619.62M | 640.57M | 616.23M | 595.06M |
| PP&E / Total Assets % | 38.03% | 31.93% | 27.43% | 26.66% | 24.88% | 26.89% | 28.49% | 38.65% | 36.82% | 37.5% | 44.35% | 45.48% | 48.83% | 47.67% |
| Total Current Assets | 803.88M | 306.58M | 279.24M | 342.38M | 346.7M | 500.95M | 672.81M | 181.49M | 317.86M | 242.38M | 185.94M | 166.35M | 50.12M | 46.77M |
| Cash & Equivalents | 674.75M | 152.77M | 153.63M | 190.29M | 215.15M | 388.8M | 574.91M | 125.27M | 264.11M | 161.75M | 138.04M | 119.2M | 6.41M | 6.24M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 74.49M | 55.19M | 28.58M | 34.55M | 38.59M | 14.5M | 8.66M | 7.35M | 0 | 0 | 8.15M | 0 | 1.4M | 1.02M |
| Long-Term Investments | 1.77B | 613.84M | 818.17M | 1.04B | 1.17B | 727.57M | 807.78M | 206K | -242.13M | -205.64M | -276.3M | -276.63M | 0 | 0 |
| Goodwill | 516.06M | 840.83M | 929.61M | 928.95M | 928.95M | 967.91M | 430.54M | 429.6M | 172.13M | 172.13M | 84.93M | 85.49M | 85.49M | 85.49M |
| Intangible Assets | 1.23B | 1.97B | 2.53B | 2.6B | 2.67B | 2.87B | 1.29B | 1.31B | 953.85M | 965.75M | 497.48M | 496.77M | 496.89M | 519.18M |
| Other Assets | 98.22M | 68.54M | 176.07M | 43.16M | 54.78M | 19.04M | 13.26M | 9.96M | 11.41M | 6.18M | 9.3M | 19.42M | 13.31M | 1.85M |
| Total Liabilities | 4.79B | 4.15B | 4.73B | 4.95B | 5.15B | 5.16B | 2.99B | 2.31B | 1.53B | 1.55B | 942.76M | 973.25M | 408.75M | 413.08M |
| Total Debt | 3.54B | 3.19B | 3.6B | 3.66B | 3.82B | 3.85B | 2.19B | 1.76B | 1.16B | 1.18B | 537.14M | 549.05M | 7.38M | 3.37M |
| Net Debt | 2.87B | 3.04B | 3.44B | 3.47B | 3.6B | 3.46B | 1.61B | 1.63B | 898.57M | 1.01B | 399.1M | 429.85M | 974K | -2.87M |
| Long-Term Debt | 3.52B | 2.6B | 3.57B | 3.63B | 3.75B | 3.8B | 2.15B | 1.71B | 1.14B | 1.16B | 530.89M | 535.51M | 0 | 0 |
| Short-Term Borrowings | 18M | 593.53M | 18.71M | 19.02M | 55.93M | 38.84M | 26.39M | 28.91M | 20.63M | 14.38M | 6.25M | 3.75M | 7.38M | 3.37M |
| Capital Lease Obligations | 23.62M | 8.9M | 7.68M | 10.16M | 10.66M | 14.73M | 12.47M | 15.75M | 251K | 267K | 0 | 14.13M | 0 | 0 |
| Total Current Liabilities | 641.65M | 759.32M | 213.87M | 202.84M | 244.16M | 269.07M | 221.58M | 189.54M | 133.71M | 170.6M | 111.14M | 126.83M | 95.62M | 105.14M |
| Accounts Payable | 0 | 28.06M | 31.87M | 45.02M | 39.55M | 35.72M | 22.69M | 36.35M | 20.79M | 21.67M | 17.08M | 30.93M | 17.16M | 30.45M |
| Accrued Expenses | 48.99M | 0 | 59.08M | 52.97M | 51.3M | 56.03M | 47.79M | 41.91M | 34.01M | 39.35M | 18.08M | 16.15M | 40.58M | 42.94M |
| Deferred Revenue | 16.43M | 22.73M | 27.89M | 27.17M | 23.71M | 26.85M | 27.35M | 30.19M | 18.95M | 38.27M | 22.19M | 22.36M | 21M | 21.32M |
| Other Current Liabilities | 607.21M | 111.19M | 27.76M | 20.15M | 26.52M | 61.39M | 57.11M | 34.23M | 26.49M | 35.19M | 39.56M | 53.65M | 6.3M | 7.05M |
| Deferred Taxes | 2.77B | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Liabilities | 35.59M | 10.27M | 11.72M | 147.72M | 177.55M | 222.22M | 242.3M | 88.81M | 251.86M | 215.36M | 300.73M | 310.91M | 21.64M | 21.11M |
| Total Equity | -86.32M | 1.43B | 1.8B | 1.81B | 1.74B | 1.79B | 1.5B | 841.57M | 775.36M | 671.42M | 454.51M | 435.35M | 853.29M | 835.26M |
| Equity Growth % | -218.51% | -20.18% | -0.73% | 4.17% | -3.13% | 19.92% | 77.68% | 8.54% | 15.48% | 47.72% | 4.4% | -48.98% | 2.16% | - |
| Shareholders Equity | -86.32M | 1.43B | 1.8B | 1.81B | 1.74B | 1.79B | 1.5B | 841.57M | 775.36M | 671.42M | 454.51M | 435.35M | 853.29M | 835.26M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 62K | 62K | 62K | 62K | 62K | 62K | 62K | 59K | 59K | 60K | 59K | 59K | 169K | 169K |
| Additional Paid-in Capital | 0 | 681.87M | 639.29M | 607.57M | 578.15M | 555.64M | 535.59M | 51.2M | 38.9M | 28.41M | 17.67M | 4.93M | -472.8M | -343.52M |
| Retained Earnings | -226.09M | 1.33B | 1.71B | 1.76B | 1.6B | 1.46B | 1.23B | 980.36M | 850.29M | 723.35M | 511.78M | 447.28M | 1.33B | 1.18B |
| Accumulated OCI | 43.76M | 19.45M | 48.1M | 36.74M | 50.03M | -82.8M | -140.68M | -68.16M | -96K | -352K | -446K | -557K | -1.46B | -1.36B |
| Return on Assets (ROA) | -30.68% | -5.88% | 0.22% | 3.29% | 3.08% | 5.1% | 7.97% | 6.55% | 7.29% | 12.95% | 7.05% | 6.67% | 11.74% | 8.37% |
| Return on Equity (ROE) | -198.99% | -22.07% | 0.8% | 12.67% | 12.07% | 17.75% | 26.05% | 22.09% | 22.78% | 41.57% | 22.24% | 13.82% | 17.45% | 12.51% |
| Debt / Equity | -41.03x | 2.23x | 2.00x | 2.02x | 2.20x | 2.15x | 1.46x | 2.09x | 1.50x | 1.75x | 1.18x | 1.26x | 0.01x | 0.00x |
| Debt / Assets | 75.23% | 57.15% | 55.13% | 54.09% | 55.46% | 55.41% | 48.74% | 55.73% | 50.48% | 52.97% | 38.44% | 38.98% | 0.59% | 0.27% |
| Net Debt / EBITDA | -8.61x | 4.13x | 4.40x | 3.98x | 4.05x | 4.35x | 2.19x | 3.09x | 1.93x | 2.43x | 1.19x | 1.42x | 0.00x | -0.01x |
| Book Value per Share | -15.12 | 254.2 | 319.52 | 298.44 | 275.08 | 280.73 | 251.84 | 146.67 | 135.41 | 116.83 | 78.76 | 74.29 | 146.36 | 143.27 |
Quick answers to the most common questions about buying CABO stock.
As of 2025, Cable One, Inc. (CABO) had total assets of $5.59B including $306.6M in current assets.
Cable One, Inc. (CABO) carries total debt of $3.19B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Cable One, Inc. (CABO) has total shareholders' equity (book value) of $1.43B ($254.20 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Cable One, Inc. (CABO) reported a current ratio of 0.40x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
Fixed Wireless Access competition
Metrics are mathematically derived from official filings.
Asset Base Erosion and Contraction
According to recent financial filings, Cable One's total assets have declined from $6.8 billion in 2024Q1 to $5.5 billion in 2026Q1, reflecting a persistent contraction in the firm's resource base that suggests a potential long-term downsizing of its operational footprint in response to competitive pressures.
The consistent reduction in total assets, coupled with a simultaneous decline in retained earnings, suggests that the company is struggling to replace the value of its aging infrastructure. Investors should monitor whether this trend indicates a strategic pivot toward asset-light operations or a forced liquidation of value to manage mounting competitive threats.
Leverage Dynamics Amidst Declining Equity
As reported in quarterly balance sheets, Cable One's debt-to-equity ratio has fluctuated between 1.81 and 2.61 over the last ten quarters, indicating that the firm's reliance on debt financing remains elevated even as its underlying equity base has shrunk significantly from $2.0 billion to $1.5 billion.
The persistence of over $3 billion in total debt against a diminishing equity cushion suggests that the company's financial flexibility is becoming increasingly constrained. This leverage profile warrants further investigation, as the firm's ability to service these obligations may be compromised if the current revenue contraction continues to erode cash flow.
Liquidity Buffers Remain Precariously Thin
Based on the company's reported figures, the current ratio has exhibited extreme volatility, dropping to as low as 0.36 in 2025Q1, which suggests that Cable One maintains a minimal liquidity buffer to address short-term operational shocks or unexpected capital requirements in its rural markets.
The inability to maintain a consistent current ratio above 1.0 indicates that the firm is operating with a structural reliance on continuous cash flow generation to meet its immediate obligations. Such a tight liquidity position may leave the company vulnerable to sudden shifts in market conditions or increased competitive spending.
Goodwill Impairment Risk Remains Elevated
As indicated by the company's financial statements, goodwill remains a significant component of the asset base at $840.8 million, which may be subject to further impairment charges if the firm's rural assets fail to meet historical performance expectations in the face of new wireless competition.
The presence of substantial goodwill on the balance sheet suggests that the carrying value of past acquisitions may be disconnected from current market realities. Investors should consider that any further write-downs could lead to additional net losses, further pressuring the company's already strained equity position.