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Cogeco (TSX:CGO) LT-Debt-to-Total-Asset : 0.51 (As of Feb. 2024)


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What is Cogeco LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Cogeco's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.51.

Cogeco's long-term debt to total assets ratio increased from Feb. 2023 (0.48) to Feb. 2024 (0.51). It may suggest that Cogeco is progressively becoming more dependent on debt to grow their business.

Cogeco LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cogeco's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

Cogeco Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.45 0.41 0.47 0.51

Cogeco Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
LT-Debt-to-Total-Asset 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 0.48 0.52 0.51 0.49 0.51

Cogeco LT-Debt-to-Total-Asset Calculation

Cogeco's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (A: Aug. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )/Total Assets (A: Aug. 2023 )
=5045.672/9869.778
=0.51

Cogeco's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )/Total Assets (Q: Feb. 2024 )
=4988.326/9710.486
=0.51

* 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) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Cogeco LT-Debt-to-Total-Asset Related Terms

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Cogeco (TSX:CGO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Cogeco Inc (TSX:CGO) » Definitions » LT-Debt-to-Total-Asset
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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.