Rogers Communications (Rogers Communications) Debt-to-Equity : 4.34 (As of Mar. 2024)

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What is Rogers Communications Debt-to-Equity?

Rogers Communications's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $3,658 Mil. Rogers Communications's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $30,364 Mil. Rogers Communications's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $7,838 Mil. Rogers Communications's debt to equity for the quarter that ended in Mar. 2024 was 4.34.

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 Rogers Communications's Debt-to-Equity or its related term are showing as below:

RCI' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.02 Med: 2.46 Max: 4.33
Current: 4.33

During the past 13 years, the highest Debt-to-Equity Ratio of Rogers Communications was 4.33. The lowest was 2.02. And the median was 2.46.

RCI's Debt-to-Equity is ranked worse than
93.7% of 349 companies
in the Telecommunication Services industry
Industry Median: 0.65 vs RCI: 4.33

Rogers Communications Debt-to-Equity Historical Data

The historical data trend for Rogers 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.

Rogers Communications Debt-to-Equity Chart

Rogers Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.12

2.22

2.17

3.64

4.33

Rogers Communications Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															3.65	4.00	4.42	4.33	4.34

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

For the Telecom Services subindustry, Rogers 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.

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

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

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

Rogers Communications Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rogers Communications's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(2500	+	31189.624)	/	7781.753
	=	4.33

Rogers Communications's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(3658.392	+	30364.214)	/	7837.618
	=	4.34

Rogers Communications (NYSE:RCI) 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.

Rogers Communications Debt-to-Equity Related Terms

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Rogers Communications (Rogers Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Rogers Communications Inc (NYSE:RCI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RCIAF:USA RCI.B:Canada RCI.A:Canada

Address

333 Bloor Street East, 10th Floor, Toronto, ON, CAN, M4W 1G9

Website

https://www.rogers.com

Rogers Communications is the largest wireless service provider in Canada, with its more than 10 million subscribers equating to one third of the total Canadian market. Its wireless business accounted for more than half of total revenue and has increasingly been providing a bigger portion of total company sales over the last several years. Rogers' cable segment, which provides about 40% of total revenue after acquiring Shaw, offers home internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers' media unit, which owns and operates various television and radio stations and the Toronto Blue Jays. Rogers' significant exposure to sports also includes ownership stakes in the Toronto Maple Leafs, Raptors, FC, and Argonauts.