Cable One (Cable One) Interest Coverage : 3.40 (As of Mar. 2024)

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What is Cable One Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Cable One's Operating Income for the three months ended in Mar. 2024 was $122 Mil. Cable One's Interest Expense for the three months ended in Mar. 2024 was $-36 Mil. Cable One's interest coverage for the quarter that ended in Mar. 2024 was 3.40. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Cable One's Interest Coverage or its related term are showing as below:

CABO' s Interest Coverage Range Over the Past 10 Years
Min: 3.17 Med: 4.87 Max: No Debt
Current: 3.18

CABO's Interest Coverage is ranked worse than
61.86% of 291 companies
in the Telecommunication Services industry
Industry Median: 4.52 vs CABO: 3.18

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Cable One Interest Coverage Historical Data

The historical data trend for Cable One's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Cable One Interest Coverage Chart

Cable One Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

4.43

5.24

4.09

3.88

3.17

Cable One Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															3.70	3.19	3.11	3.05	3.40

Competitive Comparison of Cable One's Interest Coverage

For the Telecom Services subindustry, Cable One's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cable One's Interest Coverage Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Cable One's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Cable One's Interest Coverage falls into.

Cable One Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Cable One's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Cable One's Interest Expense was $-170 Mil. Its Operating Income was $540 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,634 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	539.611	/	-170.147
	=	3.17

Cable One's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Cable One's Interest Expense was $-36 Mil. Its Operating Income was $122 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,580 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	121.769	/	-35.784
	=	3.40

The higher the ratio, the stronger the company's Financial Strength is.

Cable One (NYSE:CABO) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Cable One Interest Coverage Related Terms

Thank you for viewing the detailed overview of Cable One's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Cable One (Cable One) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Cable One Inc (NYSE:CABO) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

C1AB34:Brazil

Address

210 East Earll Drive, Phoenix, AZ, USA, 85012

Website

https://www.sparklight.com

Cable One Inc is a telecommunications company. It derives revenue from the provision of broadband, voice, and video services to residential and business customers. From a product perspective, the majority of revenue is sourced from data and video services. This revenue is subscription-based and billed monthly. The company also offers Sparklight TV, an internet protocol-based (IPTV) video service that allows customers with our Sparklight TV app to stream our video channels from the cloud. The company also derives advertising revenue from selling airtime on its video channels. Voice services are offered over Internet protocols. The company owns a telecommunications infrastructure.

Executives

Thomas O. Might	director, officer: Chairman and CEO	210 E. EARLL DRIVE, PHOENIX AZ 85012
Matthew Armstrong	officer: SVP Residential Services	210 E EARLL DRIVE, PHOENIX AZ 85012
P Robert Bartolo	director	1220 AUGUSTA DRIVE, SUITE 600, HOUSTON TX 77057
Eric Michael Lardy	officer: SVP	C/O CABLE ONE, INC., 210 E. EARLL DRIVE, PHOENIX AZ 85012
Christopher D Boone	officer: See Remarks	210 E EARLL DR, C/O CABLE ONE, INC., PHOENIX AZ 85012
Thomas Sinnickson Gayner	director	C/O MARKEL CORP, 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060
Brad D. Brian	director	C/O CABLE ONE, INC., 210 E. EARLL DRIVE, PHOENIX AZ 85012
James A Obermeyer	officer: SVP, Marketing & Sales	C/O CABLE ONE, INC., 210 E EARLL DR, PHOENIX AZ 85012
Peter N. Witty	officer: See Remarks	CABLE ONE, 210 E. EARLL DRIVE, PHOENIX AZ 85012
Wallace R Weitz	director	210 E. EARLL DRIVE, PHOENIX AZ 85012
Steven Scott Cochran	officer: SVP	C/O WIDEOPENWEST, INC., 7887 EAST BELLEVIEW AVENUE, SUITE 1000, ENGLEWOOD CO 80111
Julia M. Laulis	officer: President and COO	210 E. EARLL DRIVE, PHOENIX AZ 85012
Todd M Koetje	officer: See Remarks	CABLE ONE, INC., 210 E EARLL DR, PHOENIX AZ 85012
Margaret Masoner Detz	officer: SVP, Human Resources	C/O CABLE ONE, INC., 210 E EARLL DR, PHOENIX AZ 85012
Katharine Weymouth	director	1300 NORTH 17TH STREET, SUITE 1700, ARLINGTON VA 22209