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Sloan Ratio for Altice USA Inc

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ATUS: Altice USA Inc

Altice USA, Inc., together with its subsidiaries, provides broadband communications and video services under the Optimum brand in the United States, Canada, Puerto Rico, and the Virgin Islands. It pro...

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52-week range

Analysis

Fiscal Years
Trailing Twelve Months
Fiscal Halfs
Fiscal Quarters
Daily
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The following section summarizes insights on Altice USA Inc's Sloan Ratio:

Dec 2016Dec 2018Dec 2020Dec 2022Dec 20240.0%10.0%20.0%30.0%40.0%

Performance Summary
  • Altice's latest twelve months sloan ratio is -0.7%
  • Altice's sloan ratio for fiscal years ending December 2020 to 2024 averaged -1.3%.
  • Altice's operated at median sloan ratio of -0.8% from fiscal years ending December 2020 to 2024.
  • Looking back at the last 5 years, Altice's sloan ratio peaked in December 2023 at -0.2%.
  • Altice's sloan ratio hit its 5-year low in December 2020 of -3.9%.
  • Altice's sloan ratio decreased in 2020 (-3.9%, +49.3%) and 2024 (-0.7%, +255.3%) and increased in 2021 (-0.9%, -77.8%), 2022 (-0.8%, -13.9%), and 2023 (-0.2%, -72.9%).

Benchmarks

Metric Usage: Sloan Ratio

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sloan_ratio
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number
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text
Format
current
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FY, LTM
Periods Supported
Free
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To view the full list of supported financial metrics please see Complete Metrics Listing.

Similar Metrics

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Metrics similar to Sloan Ratio in the risk category include:

  • Altman Z-Score - A formula used to predict the probability that a firm will go into bankruptcy within two years.
  • Debt / Equity - A ratio that measures the level of the debt relative to the book value of common equity.
  • Cash And ST Investments / Total Assets - A ratio that measures a company's cash and short-term investments as a percentage of total assets.
  • FCF / OCF - A ratio that measures the amount of free cash flows (FCF) for each dollar of operating cash flows (OCF).
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Sloan Ratio

A formula developed by Richard Sloan in 1996 that measures the degree of accruals versus reported earnings.

Definition of Sloan Ratio

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Sloan Ratio is defined as:

Accruals
(/) Average Total Assets
(=) Sloan Ratio

where Accruals = Net Income - Cash from Operations - Cash from Investing

Sloan Ratio for Altice is calculated as follows:

(+) Net Income [ -102.9 M ]
(-) Cash Flow From Operations [ -1.582 B ]
(-) Cash Flow From Investing [ 1.456 B ]
(=) Accruals [ -229.8 M ]

Accrual [ -229.8 M ]
(/) Average Assets over Period [ 31.812 B ]
(=) Sloan Ratio [ −0.7% ]

A Sloan Ratio between -10% and 10% is generally considered safe. If the Sloan ratio exceeds 25% or is less than -25% for consecutive years may be cause for concern. Altice has a Sloan ratio in the Safe Zone.


Click the link below to download a spreadsheet with an example Sloan Ratio calculation for Altice USA Inc below:

Sector Benchmark Analysis

Sector
Industry Group
Industry
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-313.1%-218.1%-123.1%54.0%0100200300400

The chart above depicts the distribution of sloan ratio for companies operating in the Communication Services sector in the Developed economic region. Over 1,150 companies were considered in this analysis, and 1,111 had meaningful values. The average sloan ratio of companies in the sector is -11.0% with a standard deviation of 36.5%.

Altice USA Inc's Sloan Ratio of -0.7% ranks in the 59.7% percentile for the sector. The following table provides additional summary stats:

Sloan Ratio In The Communication Services Sector
Economic Risk RegionDeveloped
Total Constituents1,157
Included Constituents1,111
Min-314.9%
Max52.0%
Median-2.8%
Mean-11.0%
Standard Deviation36.5%

You can find companies with similar sloan ratio using this stock screener.

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