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Cogeco (TSX:CGO) Debt-to-Equity : 6.40 (As of Feb. 2024)


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What is Cogeco Debt-to-Equity?

Cogeco's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$102 Mil. Cogeco's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$4,988 Mil. Cogeco's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$795 Mil. Cogeco's debt to equity for the quarter that ended in Feb. 2024 was 6.40.

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

TSX:CGO' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.95   Med: 5.27   Max: 6.4
Current: 6.4

During the past 13 years, the highest Debt-to-Equity Ratio of Cogeco was 6.40. The lowest was 3.95. And the median was 5.27.

TSX:CGO's Debt-to-Equity is ranked worse than
96.26% of 348 companies
in the Telecommunication Services industry
Industry Median: 0.66 vs TSX:CGO: 6.40

Cogeco Debt-to-Equity Historical Data

The historical data trend for Cogeco'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 Debt-to-Equity Chart

Cogeco Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.60 4.25 4.08 5.16 5.52

Cogeco 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 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 5.28 5.70 5.52 5.12 6.40

Competitive Comparison of Cogeco's Debt-to-Equity

For the Telecom Services subindustry, Cogeco'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's Debt-to-Equity Distribution in the Telecommunication Services Industry

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

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


Cogeco Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cogeco'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
=(66.554 + 5045.672) / 925.863
=5.52

Cogeco'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
=(102.343 + 4988.326) / 795.177
=6.40

* 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  (TSX:CGO) 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 Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Cogeco's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Cogeco (TSX:CGO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Cogeco Inc (TSX:CGO) » Definitions » Debt-to-Equity
Comparable Companies
TSX:TGO TSXV:USS TSXV:GOK TSXV:ADYA TSXV:VMY.H TSX:CCA SHSE:600941 TMUS VZ CMCSA T XTER:DTE NSE:BHARTIARTL TSE:9432 TSE:9984 HKSE:00728 AMX B TSE:9433 TSE:9434 SAU:7010
Traded in Other Exchanges
CGECF:USA
Address
1 Place Ville Marie, Bureau 3301, Montreal, QC, CAN, H3B 3N2
Website
https://corpo.cogeco.com
Cogeco Inc is a telecommunications company. The company has operating segments, namely Canadian broadband services, American broadband services and Others. The Canadian and American broadband services segments provide a wide range of Internet, video, and telephony services primarily to residential customers, as well as business services across their coverage areas. The Canadian broadband services activities are carried out by Cogeco Connexion in the provinces of Quebec and Ontario and the American broadband services activities are carried out by Atlantic Broadband in 12 states.