Cogeco Communications Balance Sheet Health
Financial Health criteria checks 1/6
Cogeco Communications has a total shareholder equity of CA$3.5B and total debt of CA$4.8B, which brings its debt-to-equity ratio to 137.2%. Its total assets and total liabilities are CA$9.7B and CA$6.2B respectively. Cogeco Communications's EBIT is CA$768.8M making its interest coverage ratio 2.9. It has cash and short-term investments of CA$76.3M.
Key information
137.2%
Debt to equity ratio
CA$4.77b
Debt
| Interest coverage ratio | 2.9x |
| Cash | CA$76.34m |
| Equity | CA$3.47b |
| Total liabilities | CA$6.20b |
| Total assets | CA$9.68b |
Recent financial health updates
Cogeco Communications (TSE:CCA) Seems To Be Using A Lot Of Debt
May 08
Is Cogeco Communications (TSE:CCA) A Risky Investment?
Oct 26Cogeco Communications (TSE:CCA) Takes On Some Risk With Its Use Of Debt
May 08Here's Why Cogeco Communications (TSE:CCA) Has A Meaningful Debt Burden
Dec 26Cogeco Communications (TSE:CCA) Takes On Some Risk With Its Use Of Debt
Sep 20Recent updates
Cogeco Communications' (TSE:CCA) Shareholders Will Receive A Bigger Dividend Than Last Year
Nov 11Some May Be Optimistic About Cogeco Communications' (TSE:CCA) Earnings
Nov 07Cogeco Communications Inc. (TSE:CCA) Stock Catapults 27% Though Its Price And Business Still Lag The Market
Aug 09There's No Escaping Cogeco Communications Inc.'s (TSE:CCA) Muted Earnings
Jun 21Cogeco Communications (TSE:CCA) Seems To Be Using A Lot Of Debt
May 08Cogeco Communications Inc.'s (TSE:CCA) Intrinsic Value Is Potentially 74% Above Its Share Price
Apr 03Shareholders Will Probably Not Have Any Issues With Cogeco Communications Inc.'s (TSE:CCA) CEO Compensation
Jan 05Cogeco Communications (TSE:CCA) Is Paying Out A Larger Dividend Than Last Year
Nov 06Is Cogeco Communications (TSE:CCA) A Risky Investment?
Oct 26Is There An Opportunity With Cogeco Communications Inc.'s (TSE:CCA) 30% Undervaluation?
Oct 05Is Cogeco Communications Inc. (TSE:CCA) Trading At A 48% Discount?
Jun 25Cogeco Communications (TSE:CCA) Takes On Some Risk With Its Use Of Debt
May 08Here's Why Cogeco Communications (TSE:CCA) Has A Meaningful Debt Burden
Dec 26Cogeco Communications (TSE:CCA) Takes On Some Risk With Its Use Of Debt
Sep 20Financial Position Analysis
Short Term Liabilities: CCA's short term assets (CA$245.6M) do not cover its short term liabilities (CA$863.0M).
Long Term Liabilities: CCA's short term assets (CA$245.6M) do not cover its long term liabilities (CA$5.3B).
Debt to Equity History and Analysis
Debt Level: CCA's net debt to equity ratio (135%) is considered high.
Reducing Debt: CCA's debt to equity ratio has increased from 133% to 137.2% over the past 5 years.
Debt Coverage: CCA's debt is well covered by operating cash flow (24.7%).
Interest Coverage: CCA's interest payments on its debt are not well covered by EBIT (2.9x coverage).