Cogeco Communications (Cogeco Communications) Interest Expense : $-205 Mil (TTM As of Feb. 2024)

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What is Cogeco Communications Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cogeco Communications's interest expense for the three months ended in Feb. 2024 was $ -53 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-205 Mil.

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. Cogeco Communications's Operating Income for the three months ended in Feb. 2024 was $ 136 Mil. Cogeco Communications's Interest Expense for the three months ended in Feb. 2024 was $ -53 Mil. Cogeco Communications's Interest Coverage for the quarter that ended in Feb. 2024 was 2.57. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Cogeco Communications Interest Expense Historical Data

The historical data trend for Cogeco Communications's Interest Expense 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.

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Cogeco Communications Interest Expense Chart

Cogeco Communications Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

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-132.68

-119.32

-101.09

-143.82

-190.63

Cogeco Communications Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-46.97	-49.83	-52.38	-50.16	-52.92

Cogeco Communications Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-205 Mil.

Cogeco Communications (OTCPK:CGEAF) Interest Expense Explanation

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

Cogeco Communications's Interest Expense for the three months ended in Feb. 2024 was $-53 Mil. Its Operating Income for the three months ended in Feb. 2024 was $136 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $3,581 Mil.

Cogeco Communications's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	135.874	/	-52.922
	=	2.57

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Cogeco Communications Inc interest coverage is 2.79, which is low.

Cogeco Communications (Cogeco Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Cogeco Communications Inc (OTCPK:CGEAF) » Definitions » Interest Expense

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COG:Germany CCA:Canada

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.