Cogeco Communications (FRA:COG) Debt-to-EBITDA : -0.60 (As of May. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:COG Cogeco Communications Inc FRA:COG
80 GF Score
Price €38.80
GF Value €38.68
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Cogeco Communications Debt-to-EBITDA?

Cogeco Communications FRA:COG -3.00% 80 Debt-to-EBITDA is -0.60 as of May. 2026. GuruFocus rates FRA:COG with a GF Score™ of 80/100 and a GF Value™ of €38.68 (Fairly Valued). The stock has 8 warning signs investors should review. Among 302 Telecommunication Services companies, Cogeco Communications ranks worse than 331125.5% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Cogeco Communications's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2026 was €171 Mil. Cogeco Communications's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2026 was €2,620 Mil. Cogeco Communications's annualized EBITDA for the quarter that ended in May. 2026 was €-4,656 Mil. Cogeco Communications's annualized Debt-to-EBITDA for the quarter that ended in May. 2026 was -0.60.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

FRA:COG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -5.35   Med: 3.34   Max: 5.73
Current: -5.35

During the past 13 years, the highest Debt-to-EBITDA Ratio of Cogeco Communications was 5.73. The lowest was -5.35. And the median was 3.34.

FRA:COG's Debt-to-EBITDA is ranked worse than
100% of 302 companies
in the Telecommunication Services industry
Industry Median: 2 vs FRA:COG: -5.35

Cogeco Communications  (FRA:COG) Debt-to-EBITDA Explanation

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


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Cogeco Communications Debt-to-EBITDA Related Terms


Cogeco Communications Debt-to-EBITDA Historical Data

* Premium members only.

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

Cogeco Communications Debt-to-EBITDA Chart

Cogeco Communications Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.73 3.45 3.63 3.54 3.23

Cogeco Communications Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.49 3.34 3.28 3.41 -0.60

FRA:COG vs TMUS, VZ, T: Debt-to-EBITDA Comparison

For the Telecom Services subindustry, Cogeco Communications's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Telecommunication Services Industry

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

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


FRA:COG
80GF Score
Cogeco Communications Inc FRA:COG
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cogeco Communications Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Cogeco Communications's Debt-to-EBITDA for the fiscal year that ended in Aug. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(28.024 + 2808.401) / 878.452
=3.23

Cogeco Communications's annualized Debt-to-EBITDA for the quarter that ended in May. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(170.824 + 2620.353) / -4655.832
=-0.60

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (May. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of -0.60 mean?
Cogeco Communications (FRA:COG) has a Debt-to-EBITDA of -0.60 as of May. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Cogeco Communications. According to the industry distribution chart, Cogeco Communications ranks #999999 out of 302 companies in the Telecommunication Services industry.
Is Cogeco Communications' Debt-to-EBITDA too high?
Cogeco Communications' current Debt-to-EBITDA is -0.60. Based on the distribution chart, Cogeco Communications ranks #999999 out of 302 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Cogeco Communications has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cogeco Communications' Debt-to-EBITDA compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Cogeco Communications ranks #999999 out of 302 companies for Debt-to-EBITDA. This places Cogeco Communications in the lower half of its industry. The industry median Debt-to-EBITDA is 2.00. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Telecommunication Services company?
The median Debt-to-EBITDA among Telecommunication Services companies is 2.00, based on 302 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Cogeco Communications. For the Telecommunication Services industry, the median Debt-to-EBITDA is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cogeco Communications's current Debt-to-EBITDA is -0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cogeco Communications stock overvalued right now?
Based on GuruFocus' analysis, Cogeco Communications (FRA:COG) is currently considered Fairly Valued. The stock's GF Value™ is €38.68, compared to a current price of €38.80 — trading 0.3% above its estimated fair value. The current Debt-to-EBITDA is -0.60. Cogeco Communications' overall GF Score™ is 80/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Cogeco Communications (FRA:COG), the current Debt-to-EBITDA is -0.60 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Cogeco Communications (FRA:COG) Overvalued in 2026?

Based on GuruFocus' analysis, Cogeco Communications stock appears to be overvalued. The current stock price of €38.80 is trading 0.3% above its estimated GF Value™ of €38.68. GuruFocus considers Cogeco Communications to be Fairly Valued.

Key valuation signals for FRA:COG:

  • Debt-to-EBITDA: -0.60
  • GF Value™: €38.68 vs. price of €38.80 (0.3% above fair value)
  • GF Score™: 80/100 with 8 warning signs

No single metric tells the full story. See the FRA:COG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cogeco Communications Business Description

Address 1 Place Ville Marie, Suite 3301, Montreal, QC, CAN, H3B 0B3
Cogeco Communications is a telecom service provider in Canada and the US, specifically in rural and suburban geographies. It offers wireline services such as broadband internet, TV, and landline phone services. In Canada, the firm operates under its Cogeco Connexion and Oxio brands, reaching roughly 2.1 million homes and businesses throughout Ontario and Quebec. In the US, Cogeco operates under its Breezeline brand throughout the East Coast, Pennsylvania, and Ohio, reaching 1.8 million homes and businesses. Cogeco is expanding its offerings to include consumer wireless services, operating as a mobile virtual network operator.
80GF Score

Get the complete analysis for FRA:COG

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€38.80
Price
€38.68
GF Value