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Communications Services Industry Financial Strength Information

Financial Strength Information & Trends  
 


Category:   Period:  

Communications Services Industry 4 Q 3 Q 2 Q 1 Q 4 Q
  2023 2023 2023 2023 2022
Quick Ratio (TTM) 0.16 0.14 0.14 0.13 0.27
Quick Ratio Ranking # 80 # 84 # 82 # 89 # 64
Working Capital Ratio (TTM) 0.64 0.75 0.79 0.83 0.95
Working Capital Ratio Ranking # 98 # 98 # 97 # 96 # 87
Working Capital Per Revenue - - - - -
Working Capital Per Revenue Ranking # 4 # 5 # 8 # 8 # 15
Leverage Ratio (TTM) 2.29 2.44 2.44 2.42 2.11
Leverage Ratio Ranking # 63 # 64 # 65 # 66 # 57
Total Debt to Equity (TTM) 1.06 1.23 1.25 1.22 0.93
Total Debt to Equity Ranking # 72 # 77 # 79 # 79 # 68
Interest Coverage (TTM) 6.55 6.92 5.86 6.4 6.04
Interest Coverage Ranking # 63 # 59 # 77 # 69 # 77
Debt Coverage (TTM) 0.23 0.29 0.24 0.26 0.2
Debt Coverage Ranking # 72 # 60 # 74 # 70 # 81


Quick Ratio Comment
On the trailing twelve months basis Current Liabilities decreased faster than Communications Services Industry's Cash & cash equivalent, this led to improvement in Communications Services Industry's Quick Ratio to 0.16 in the 4 Q 2023,, Quick Ratio remained below Communications Services Industry average.



Within Services sector 14 other industries have achieved higher Quick Ratio. Quick Ratio total ranking has improved so far to 80, from total ranking in previous quarter at 84.

Note, Numbers include only companies who have reported earnings results. Numbers change as more businesses report financial results. See the full List.

Quick Ratio Statistics as of 4 Q 2023
High Average Low
1.04 0.3 0.13
1. quarter 2016   1. quarter 2023

Quick Ratio Industry Ranking
Within: No.
Sector # 15
Overall # 80


Other Quick Ratios
Compare Industry's quick ratio to Cmct's or S&P Constituent list of Communications Services Industry
Highest Ranking Quick Ratios Lowest Ranking Quick Ratios
Quick Ratios for CMCT's Competitors Definiton of Quick Ratio


Communications Services Industry Working Capital Ratio Statistics as of 4 Q 2023
 



Working Capital Ratio Statistics as of 4 Q 2023
High Average Low
1.46 0.95 0.64
1. quarter 2016   4. quarter 2023



Working Capital Ratio Comment
On the trailing twelve months basis Due to increase in Current Liabilities in the 4 Q 2023, Working Capital Ratio fell to 0.64 a new Communications Services Industry low.



Within Services sector 14 other industries have achieved higher Working Capital Ratio. Total ranking remained unchanged from the previous quarter at no. 98.



Working Capital Ratio Industry Ranking
Within: No.
Sector # 15
Overall # 98

Other Working Capital Ratios
Highest Ranking Working Capital Ratios Lowest Ranking Working Capital Ratios
Compare Industry's Working Capital ratio to Cmct's or S&P Constituent list of Communications Services Industry
Working Capital ratios for CMCT's Competitors Definiton of Working Capital Ratio

Communications Services Industry Working Capital Per Revenue Statistics as of 4 Q 2023
 
Working Capital Per Revenue Comment
On the trailing twelve months basis



Within Services sector only one Industry has achieved lower Working Capital Per Revenue. Working Capital Per Revenue total ranking has improved to 4, from total ranking in previous quarter at 5.




Working Capital Per Revenue Statistics as of 4 Q 2023
High Average Low
0.05 -0.03 -0.18
4. quarter 2017   4. quarter 2023


Working Capital Per Revenue Industry Ranking
Within: No.
Sector # 2
Overall # 4



Other Working Capital Per Revenue
Compare Industry's Working Capital Per Revenue to Cmct's or S&P Constituent list of Communications Services Industry
Return On Assets for Communications Services Industry Definiton of Working Capital Per Revenue



Communications Services Industry Leverage Ratio Statistics as of 4 Q 2023
 


Leverage Ratio Statistics as of 4 Q 2023
High Average Low
3.76 2.52 -0.11
4. quarter 2017   1. quarter 2016



Leverage Ratio Comment
Despite net new borrowings of 2.54% Industry managed to improve Liabilities to Equity ratio in 4 Q 2023 to 2.29, below Industry average.



Among other Industries in the Services sector 8 other industries have achieved lower Leverage Ratio.



Leverage Ratio total ranking has improved so far to 63, from overall ranking in the previous quarter at 64.



Leverage Ratio Industry Ranking
Within: No.
Sector # 9
Overall # 63

Other Leverage Ratios
Compare Industry's Leverage ratio to Cmct's or S&P Bond Interest rates
Highest Ranking Leverage Ratios Lowest Ranking Leverage Ratios
Leverage Ratios for CMCT's Competitors What is Leverage Ratio?


Communications Services Industry Total Debt to Equity Ratio Statistics as of 4 Q 2023
 
Debt to Equity Ratio Comment
Despite net new borrowings of 2.77% Industry managed to improve Total Debt to Equity in 4 Q 2023 to 1.06, above Industry average.



Within Services sector 7 other industries have achieved lower Debt to Equity Ratio. Debt to Equity Ratio total ranking has improved so far to 72, from total ranking in previous quarter at 77.




Debt to Equity Ratio Statistics as of 4 Q 2023
High Average Low
1.68 0.5 0.06
2. quarter 2015   3. quarter 2015



Debt to Equity Industry Ranking
Within: No.
Sector # 8
Overall # 72

Other Debt to Equity Ratios
Highest Ranking Debt to Equity Ratios Lowest Ranking Debt to Equity Ratios
Compare Industry's Debt to Equity ratio to Cmct's or S&P Definiton of Debt to Equity Ratio

Communications Services Industry Interest Coverage Ratio Statistics as of 4 Q 2023
 


Interest Coverage Ratio Statistics as of 4 Q 2023
High Average Low
13.44 7.06 3.41
4. quarter 2021   1. quarter 2016

Interest Coverage Ratio Comment
On the trailing twelve months basis Due to increase in interest expenses in 4 Q 2023, Interest Coverage Ratio fell to 6.55 below Communications Services Industry average.



In the Services sector 10 other industries have accomplished higher Interest Coverage Ratio. Interest Coverage overall ranking fell in contrast to the prior period from 59 to 63.



Interest Coverage Ratio Industry Ranking
Within: No.
Sector # 11
Overall # 63

Other Interest Coverage Ratios
Highest Ranking Interest Coverage Ratios Lowest Ranking Interest Coverage Ratios
Compare Industry's Interest Coverage ratio to Cmct's or S&P Definiton of Interest Coverage Ratio


Communications Services Industry Debt Coverage Statistics as of 4 Q 2023
 
Debt Coverage Ratio Comment
On the trailing twelve months basis Due to increase in total debt in 4 Q 2023, Debt Coverage Ratio fell to 0.23 below Communications Services Industry average.



Looking into Services sector 9 other industries have achieved higher debt coverage ratio. Debt Coverage Ratio total ranking has declined from the preceding period from 60 to 72.




Debt Coverage Statistics as of 4 Q 2023
High Average Low
9.37 2.42 0.2
3. quarter 2015   4. quarter 2022



Debt Coverage Industry Ranking
Within: No.
Sector # 10
Overall # 72

Other Debt Coverage Ratios
Highest Ranking Debt Coverage Ratios Lowest Ranking Debt Coverage Ratios
See also Communications Services Industry's Margin Definiton of Debt Coverage Ratio

Date modified: 2024-04-11T15:32:42+00:00



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