Cogeco Communications (TSX:CCA) Debt-to-Equity : 1.68 (As of Feb. 2024)

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What is Cogeco Communications Debt-to-Equity?

Cogeco Communications's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$94 Mil. Cogeco Communications's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$4,834 Mil. Cogeco Communications's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$2,937 Mil. Cogeco Communications's debt to equity for the quarter that ended in Feb. 2024 was 1.68.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Cogeco Communications's Debt-to-Equity or its related term are showing as below:

TSX:CCA' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.31 Med: 1.75 Max: 2.16
Current: 1.68

During the past 13 years, the highest Debt-to-Equity Ratio of Cogeco Communications was 2.16. The lowest was 1.31. And the median was 1.75.

TSX:CCA's Debt-to-Equity is ranked worse than
77.08% of 349 companies
in the Telecommunication Services industry
Industry Median: 0.65 vs TSX:CCA: 1.68

Cogeco Communications Debt-to-Equity Historical Data

The historical data trend for Cogeco Communications's Debt-to-Equity 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.

* Premium members only.

Cogeco Communications Debt-to-Equity Chart

Cogeco Communications Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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1.55

1.38

1.36

1.70

1.71

Cogeco Communications Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															1.75	1.76	1.71	1.59	1.68

Competitive Comparison of Cogeco Communications's Debt-to-Equity

For the Telecom Services subindustry, Cogeco Communications's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Cogeco Communications's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Cogeco Communications's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cogeco Communications's Debt-to-Equity falls into.

Cogeco Communications Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cogeco Communications's Debt to Equity Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(64.167	+	4979.241)	/	2957.797
	=	1.71

Cogeco Communications's Debt to Equity Ratio for the quarter that ended in Feb. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(93.522	+	4833.884)	/	2937.011
	=	1.68

Cogeco Communications (TSX:CCA) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Cogeco Communications Debt-to-Equity Related Terms

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Cogeco Communications (TSX:CCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Cogeco Communications Inc (TSX:CCA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CGEAF:USA COG:Germany

Address

1 Place Ville Marie, Suite 3301, Montreal, QC, CAN, H3B 0B3

Website

https://www.cogeco.ca

Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides Internet, video and phone services to residential, business and other customers. The reportable segments of the company are Canadian telecommunications and American telecommunications. The company earns majority of its revenue from American telecommunications. The company operates in Canada and United States.