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.
| 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 Current Assets | 300.36M | 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 & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 165.6M | 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 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 84.39M | 95.24M | 28.58M | 34.55M | 38.59M | 14.5M | 8.66M | 7.35M | 0 | 0 | 8.15M | 0 | 1.4M | 1.02M |
| Total Non-Current Assets | 5.23B | 5.28B | 6.25B | 6.42B | 6.54B | 6.45B | 3.82B | 2.97B | 1.99B | 1.98B | 1.21B | 1.24B | 1.21B | 1.2B |
| Property, Plant & Equipment | 1.78B | 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 |
| Fixed Asset Turnover | 0.83x | 0.84x | 0.88x | 0.93x | 1.00x | 0.86x | 1.04x | 0.96x | 1.26x | 1.15x | 1.32x | 1.26x | 1.32x | 1.39x |
| Goodwill | 840.83M | 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 | 1.95B | 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 |
| Long-Term Investments | 2.59B | 613.84M | 818.17M | 1.04B | 1.17B | 727.57M | 807.78M | 206K | -242.13M | -205.64M | -276.3M | -276.63M | 0 | 0 |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 5.53B | 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 Turnover | 0.26x | 0.27x | 0.24x | 0.25x | 0.25x | 0.23x | 0.30x | 0.37x | 0.47x | 0.43x | 0.59x | 0.57x | 0.65x | 0.66x |
| Asset Growth % | -58.23% | -14.37% | -3.46% | -1.84% | -0.98% | 54.93% | 42.4% | 36.84% | 3.83% | 58.76% | -0.8% | 11.61% | 1.1% | - |
| Total Current Liabilities | 171.22M | 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 |
| Days Payables Outstanding | 15.41 | 14.02 | 27.91 | 37.27 | 30.66 | 28.63 | 19.78 | 34.15 | 20.49 | 23.47 | 20.48 | 36.3 | 19.09 | 31.65 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 131.56M | 111.19M | 86.83M | 20.15M | 26.52M | 61.39M | 57.11M | 34.23M | 26.49M | 35.19M | 39.56M | 53.65M | 6.3M | 7.05M |
| Current Ratio | 1.75x | 0.40x | 1.31x | 1.69x | 1.42x | 1.86x | 3.04x | 0.96x | 2.38x | 1.42x | 1.67x | 1.31x | 0.52x | 0.44x |
| Quick Ratio | 1.75x | 0.40x | 1.31x | 1.69x | 1.42x | 1.86x | 3.04x | 0.96x | 2.38x | 1.42x | 1.67x | 1.31x | 0.52x | 0.44x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 3.88B | 3.4B | 4.52B | 4.75B | 4.91B | 4.89B | 2.77B | 2.12B | 1.39B | 1.38B | 831.62M | 846.42M | 313.13M | 307.94M |
| Long-Term Debt | 3.09B | 2.6B | 3.57B | 3.63B | 3.75B | 3.8B | 2.15B | 1.71B | 1.14B | 1.16B | 530.89M | 535.51M | 0 | 0 |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 4.05B | 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 | 3.11B | 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 | 2.94B | 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 |
| Debt / Equity | 2.10x | 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 / EBITDA | 4.26x | 4.34x | 4.59x | 4.20x | 4.29x | 4.84x | 2.98x | 3.33x | 2.50x | 2.81x | 1.60x | 1.82x | 0.02x | 0.01x |
| Net Debt / EBITDA | 4.03x | 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 |
| Interest Coverage | - | 3.06x | 2.77x | 3.42x | 4.03x | 3.97x | 6.15x | 4.26x | 4.70x | 5.06x | 6.36x | 10.04x | - | - |
| Total Equity | 1.48B | 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 % | -92.8% | -20.18% | -0.73% | 4.17% | -3.13% | 19.92% | 77.68% | 8.54% | 15.48% | 47.72% | 4.4% | -48.98% | 2.16% | - |
| Book Value per Share | 243.08 | 254.20 | 319.52 | 298.44 | 275.08 | 280.73 | 251.84 | 146.67 | 135.41 | 116.83 | 78.76 | 74.29 | 146.36 | 143.27 |
| Total Shareholders' Equity | 1.48B | 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 |
| Common Stock | 62K | 62K | 62K | 62K | 62K | 62K | 62K | 59K | 59K | 60K | 59K | 59K | 169K | 169K |
| Retained Earnings | 1.37B | 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 |
| Treasury Stock | 0 | -602.29M | -599.66M | -596.78M | -494.68M | -136.35M | -127.84M | -121.89M | -113.8M | -80.06M | -74.55M | -16.37M | 0 | 0 |
| Accumulated OCI | 23.53M | 19.45M | 48.1M | 36.74M | 50.03M | -82.8M | -140.68M | -68.16M | -96K | -352K | -446K | -557K | -1.46B | -1.36B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fixed Wireless Access competition
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.
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.
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.
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.
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.