The company's financial position is increasingly vulnerable, highlighted by a deeply negative equity base of $5.2 billion and a massive $26.7 billion debt load as of 2026Q1.
| 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 | Dec'12 |
|---|
| Total Current Assets | 1.67B | 1.64B | 730.99M | 834.79M | 2.57B | 789.63M | 976.57M | 1.38B | 903.25M | 903.6M | 1.7B | 1.88B | 1.93B | 1.72B | 1.38B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 1.05B | 1.12B | 256.53M | 302.06M | 305.48M | 195.71M | 278.42M | 701.9M | 298.78M | 329.85M | 486.79M | 1B | 850.41M | 702.22M | 332.61M |
| Short-Term Investments | 0 | 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 | 2.23M | 52.8M | 758.17M | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | 0.26 | 6.35 | 144.79 | - | - | - | - |
| Other Current Assets | 324.23M | 188.92M | 290K | 174.73M | 1.77B | 3.26M | 264K | 262K | 2.23M | 52.8M | 758.17M | 480.31M | 660.9M | 579.18M | 724.49M |
| Total Non-Current Assets | 26.2B | 29.06B | 30.97B | 31.09B | 31.1B | 32.43B | 32.4B | 32.73B | 32.71B | 33.91B | 34.77B | 4.99B | 4.83B | 4.87B | 4.03B |
| Property, Plant & Equipment | 8.51B | 0 | 8.66B | 8.37B | 7.75B | 6.56B | 6.05B | 6.03B | 5.83B | 6.02B | 6.6B | 3.02B | 3.03B | 2.98B | 2.93B |
| Fixed Asset Turnover | 1.31x | - | 1.03x | 1.10x | 1.24x | 1.54x | 1.64x | 1.62x | 1.64x | 1.55x | 0.91x | 2.16x | 2.14x | 2.09x | 2.09x |
| Goodwill | 8.04B | 8.04B | 8.04B | 8.04B | 8.21B | 8.21B | 8.16B | 8.14B | 8.01B | 8.02B | 7.99B | 262.35M | 264.69M | 264.69M | 264.69M |
| Intangible Assets | 9.54B | 12.3B | 14.17B | 14.48B | 14.88B | 15.42B | 15.85B | 16.5B | 17.21B | 18.09B | 19.37B | 776.05M | 775.88M | 789.25M | 835.66M |
| Long-Term Investments | 5.82M | 0 | 8.47M | 112.91M | 0 | 2.16B | 2.26B | 1.93B | 1.46B | 930K | 5.61M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 27.87B | 30.7B | 31.7B | 31.92B | 33.66B | 33.22B | 33.38B | 34.11B | 33.61B | 34.81B | 36.47B | 6.87B | 6.77B | 6.59B | 7.25B |
| Asset Turnover | 0.28x | 0.28x | 0.28x | 0.29x | 0.29x | 0.30x | 0.30x | 0.29x | 0.28x | 0.27x | 0.16x | 0.95x | 0.96x | 0.95x | 0.85x |
| Asset Growth % | -19.89% | -3.15% | -0.7% | -5.17% | 1.35% | -0.48% | -2.14% | 1.47% | -3.44% | -4.56% | 431.13% | 1.51% | 2.64% | -9.09% | - |
| Total Current Liabilities | 1.97B | 2.05B | 2.25B | 2.31B | 4.04B | 2.74B | 3.1B | 1.98B | 2.02B | 2.52B | 3.7B | 2.19B | 1.75B | 1.44B | 1.7B |
| Accounts Payable | 798.68M | 816.86M | 971.5M | 936.95M | 1.21B | 1.02B | 795.58M | 799.62M | 857.5M | 795.13M | 705.67M | 453.65M | 431.76M | 422.93M | 457.08M |
| Days Payables Outstanding | 100.73 | 68.79 | 122.42 | 73.17 | 88.98 | 110.41 | 86.93 | 88.43 | 98.64 | 95.6 | 134.77 | 51.77 | 50.19 | 50.13 | 56.66 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 419.79M | 1.13B | 398.51M | 398.57M | 257.72M | 329.94M | 552.84M | 378.95M | 699.11M | 861.96M | 915.1M | 58.25M | 145.94M | 177.75M | 1.24B |
| Current Ratio | 0.85x | 0.80x | 0.32x | 0.36x | 0.64x | 0.29x | 0.32x | 0.70x | 0.45x | 0.36x | 0.46x | 0.86x | 1.10x | 1.20x | 0.81x |
| Quick Ratio | 0.85x | 0.80x | 0.32x | 0.36x | 0.64x | 0.29x | 0.32x | 0.70x | 0.45x | 0.34x | 0.26x | 0.86x | 1.10x | 1.20x | 0.81x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 31.07B | 30.95B | 29.9B | 30.05B | 30.13B | 31.35B | 31.48B | 29.85B | 27.91B | 26.79B | 30.74B | 9.59B | 10.05B | 10.42B | 9.55B |
| Long-Term Debt | 26.39B | 26.06B | 24.8B | 24.61B | 24.4B | 25.52B | 25.38B | 24.25B | 22.63B | 21.41B | 22.41B | 8.59B | 9.11B | 9.4B | 9.55B |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 33.04B | 33B | 32.16B | 32.36B | 34.17B | 34.09B | 34.58B | 31.83B | 29.93B | 29.31B | 34.44B | 11.78B | 11.8B | 11.87B | 12.88B |
| Total Debt | 26.69B | 26.46B | 25.31B | 25.34B | 26.85B | 26.78B | 26.98B | 24.69B | 22.81B | 21.94B | 24.03B | 9.61B | 9.68B | 9.75B | 0 |
| Net Debt | 25.64B | 25.34B | 25.06B | 25.04B | 26.54B | 26.59B | 26.7B | 23.99B | 22.51B | 21.61B | 23.54B | 8.61B | 8.83B | 9.04B | -332.61M |
| Debt / Equity | -5.16x | - | - | - | - | - | - | 10.83x | 6.20x | 3.99x | 11.84x | - | - | - | - |
| Debt / EBITDA | 16.72x | 8.09x | 7.62x | 7.02x | 7.16x | 6.21x | 6.43x | 6.04x | 5.61x | 5.82x | 11.11x | 5.53x | 5.42x | 5.97x | - |
| Net Debt / EBITDA | 16.06x | 7.74x | 7.54x | 6.94x | 7.08x | 6.17x | 6.36x | 5.87x | 5.54x | 5.73x | 10.88x | 4.95x | 4.94x | 5.54x | -0.19x |
| Interest Coverage | - | 0.88x | 0.97x | 1.08x | 1.39x | 2.03x | 1.43x | 1.23x | 1.10x | 0.61x | 0.48x | - | - | - | - |
| Total Equity | -5.17B | -2.29B | -456.83M | -434.42M | -503.91M | -870.9M | -1.2B | 2.28B | 3.68B | 5.5B | 2.03B | -4.91B | -5.03B | -5.27B | -5.63B |
| Equity Growth % | -1772.04% | -401.77% | -5.16% | 13.79% | 42.14% | 27.61% | -152.79% | -38.07% | -33.14% | 171.19% | 141.33% | 2.39% | 4.59% | 6.25% | - |
| Book Value per Share | -10.94 | -4.90 | -0.99 | -0.95 | -1.11 | -1.88 | -2.06 | 3.44 | 5.04 | 7.91 | 2.75 | -17.77 | -18.59 | -19.83 | -21.05 |
| Total Shareholders' Equity | -5.2B | -2.31B | -469.24M | -422.18M | -475.21M | -819.79M | -1.14B | 2.27B | 3.67B | 5.5B | 2.03B | -4.91B | -5.04B | -5.28B | -5.64B |
| Common Stock | 4.77M | 4.71M | 4.64M | 4.56M | 4.56M | 4.55M | 4.83M | 6.43M | 7.09M | 7.37M | 0 | 3.58M | 3.54M | 3.47M | 3.42M |
| Retained Earnings | -5.46B | -2.57B | -703.99M | -601.08M | -654.27M | -848.84M | -985.64M | 390.77M | 251.83M | 840.64M | -975.98M | -4.06B | -4.23B | -4.55B | -5.01B |
| Treasury Stock | -10K | -10K | -10K | 0 | 0 | 0 | -163.87M | -163.9M | 0 | 0 | 0 | -1.61B | -1.59B | -1.58B | 0 |
| Accumulated OCI | 2.04M | 1.6M | -3.83M | -12.85M | -8.2M | 6.5M | 3.65M | -3.25M | -11.78M | -10.02M | 1.98M | -37.67M | -42.23M | -42.69M | 0 |
| Minority Interest | 29.02M | 21.93M | 12.4M | -12.24M | -28.7M | -51.11M | -62.11M | 9.3M | 9.29M | 1.54M | 287K | -268K | 9.46M | 10.08M | 13.16M |
Unsustainable Debt Service Burden
As reported in recent financial filings, OPTU's equity position has deteriorated significantly, shifting from a negative $422.2 million in 2023Q4 to a deeply negative $5.2 billion by 2026Q1, reflecting a persistent trend of value destruction that warrants close scrutiny from all stakeholders.
The rapid expansion of the negative equity balance suggests that cumulative losses and potential asset impairments are outpacing the company's ability to generate internal capital. This trajectory indicates a balance sheet that is increasingly disconnected from operational reality, potentially limiting future financing flexibility.
Based on the provided quarterly data, OPTU maintains a massive debt load of $26.7 billion as of 2026Q1, which remains largely static despite the company's ongoing revenue contraction and negative net margins, creating a precarious environment for long-term debt service and refinancing efforts.
The sheer scale of debt relative to the company's shrinking asset base suggests that management is effectively operating in a defensive posture. Investors should monitor whether the current interest burden forces further divestitures or compromises the necessary capital expenditure required for the fiber-to-the-home transition.
According to the latest balance sheet figures, OPTU's current ratio has remained consistently below 1.0, reaching 0.85 in 2026Q1, which indicates that the company lacks sufficient liquid assets to cover its near-term obligations without relying on external financing or cash flow from operations.
The persistent inability to maintain a current ratio above unity suggests that the company is operating with a razor-thin margin for error. Any unexpected disruption in cash collection or a spike in operational costs could quickly exhaust the $1.0 billion cash balance currently held on the books.
As indicated by the 2026Q1 balance sheet, OPTU carries $8.0 billion in goodwill alongside $8.5 billion in net PPE, a composition that suggests a significant portion of the asset base is tied to historical acquisitions rather than current, high-performing physical infrastructure.
The stability of the goodwill figure despite declining operational performance may imply that the company is avoiding necessary impairment charges. This raises questions regarding the true economic value of the underlying network assets and whether they can effectively support the company's long-term competitive strategy.
Quick answers to the most common questions about buying OPTU stock.
As of 2025, Optimum Communications, Inc. (OPTU) had total assets of $30.70B including $1.64B in current assets.
Optimum Communications, Inc. (OPTU) carries total debt of $26.46B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Optimum Communications, Inc. (OPTU) has total shareholders' equity (book value) of $-2314.2M ($-4.90 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Optimum Communications, Inc. (OPTU) reported a current ratio of 0.80x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.