Cogeco Communications Balance Sheet Health
Financial Health criteria checks 1/6
Cogeco Communications has a total shareholder equity of CA$3.7B and total debt of CA$4.5B, which brings its debt-to-equity ratio to 119.8%. Its total assets and total liabilities are CA$9.7B and CA$5.9B respectively. Cogeco Communications's EBIT is CA$719.4M making its interest coverage ratio 2.8. It has cash and short-term investments of CA$54.5M.
Key information
119.79%
Debt to equity ratio
CA$4.49b
Debt
| Interest coverage ratio | 2.8x |
| Cash | CA$54.50m |
| Equity | CA$3.75b |
| Total liabilities | CA$5.92b |
| Total assets | CA$9.67b |
Recent financial health updates
Analysis Article • Oct 19
Here's Why Cogeco Communications (TSE:CCA) Is Weighed Down By Its Debt Load
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Dec 03
These 4 Measures Indicate That Cogeco Communications (TSE:CCA) Is Using Debt Extensively
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • May 08
Cogeco Communications (TSE:CCA) Seems To Be Using A Lot Of Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Oct 26
Is Cogeco Communications (TSE:CCA) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Recent updates
Narrative Update • Jun 10
CCA: U.S. Impairment Charge And Wireless Expansion Will Shape Return Prospects
Analysts have reduced their average price target for Cogeco Communications to CA$82.58 from CA$82.58, citing recent research that highlights slightly higher perceived risk, modestly lower revenue expectations, and only marginally higher profit margins and P/E assumptions. Analyst Commentary Recent research on Cogeco Communications has generally leaned cautious, with several firms trimming price targets and flagging weaker sentiment around certain business segments.
Narrative Update • May 26
CCA: Weaker U.S. Results And Sentiment Will Shape Fairly Valued Shares
Narrative Update Analysts have trimmed their average price target for Cogeco Communications by a few Canadian dollars to reflect weaker sentiment and recent U.S. results. Several firms have reduced their targets to around CA$80 and below, while one firm shifted to an Outperform rating with a CA$80 target.Narrative Update • May 08
CCA: Mixed Ratings And New U.S. Push Will Shape Return Prospects
Cogeco Communications' updated fair value estimate edges down by about CA$2.40, reflecting analysts' lower price targets, mixed views on sentiment and recent U.S. results, and at least one recent upgrade that partly offsets these factors. Analyst Commentary Recent research on Cogeco Communications reflects a mix of lowered price targets and rating changes, with one upgrade helping to support the updated fair value estimate.
Narrative Update • Apr 23
CCA: Execution On U.S. Turnaround And Margin Resilience Will Support Upside Potential
Cogeco Communications' updated analyst price target has been trimmed by about CA$0.09 to CA$73.27. This reflects a mix of recent target cuts from RBC Capital and Scotiabank, a downgrade from TD Securities on weaker U.S. results and sentiment, and an earlier upgrade to Outperform from National Bank with a CA$80 target, as analysts reassess discount rates, revenue trends, margins, and future P/E expectations.Narrative Update • Apr 09
CCA: Mixed U.S. Sentiment And Execution Risks Will Shape Fairly Valued Shares
Analysts have kept their fair value estimate for Cogeco Communications steady at CA$67.00. Recent changes in discount rate and growth and margin assumptions reflect mixed sentiment following both fresh downgrades tied to weaker U.S. results and earlier price target increases from several Canadian banks.Narrative Update • Mar 26
CCA: Mixed Ratings And Fair Value Outlook Will Shape Return Expectations
Analysts have trimmed their fair value estimate for Cogeco Communications from about CA$91.87 to around CA$84.96, citing a higher required return, slightly softer long term revenue expectations, a modestly better profit margin outlook, and a lower future P/E multiple, even as recent Street targets around CA$74 to CA$80 reflect a mix of more cautious and more constructive views. Analyst Commentary Recent research on Cogeco Communications points to a split in views, with some firms turning more cautious while several bullish analysts are leaning into the valuation after recent share price moves.Narrative Update • Mar 09
CCA: Tighter Risk Profile And Earnings Assumptions Will Anchor Fairly Valued Shares
Analysts have nudged their price targets on Cogeco Communications higher into the low to mid CA$70s, with one upgrade to Outperform and several incremental target raises of CA$1 to CA$5. These changes reflect refreshed views on the company’s risk profile and earnings power.Narrative Update • Feb 23
CCA: Modest Discount Shift And Margins Will Frame Fairly Valued Shares
Narrative Update on Cogeco Communications The analyst price target for Cogeco Communications has moved higher by several Canadian dollars, with recent CA$1 to CA$5 target increases from multiple firms as analysts point to slightly improved margin assumptions, a modestly lower discount rate, and a small adjustment to the forward P/E used in their models. Analyst Commentary Recent research updates on Cogeco Communications cluster around modest price target revisions, with several firms adjusting their models by CA$1 to CA$5.Narrative Update • Feb 08
CCA: Slightly Higher Multiples And Margins Will Shape Fairly Valued Shares
Analysts have nudged their targets on Cogeco Communications slightly higher, with price objectives moving up by C$1 to C$5 across several firms. They cited updated assumptions around discount rate, revenue trends, profit margins and forward P/E multiples.Narrative Update • Jan 25
CCA: Future Revenue Pressures And Higher Margins Will Shape Fairly Valued Shares
Analysts have increased their fair value estimate for Cogeco Communications to $67 from $64. They cite recent price target increases, slightly less severe revenue contraction assumptions, firmer profit margin expectations near 13%, and a lower future P/E multiple closer to 9.8x in their updated models.Narrative Update • Jan 10
CCA: Fine Tuned Outlook Will Support Modest Returns On Balanced Fundamentals
Analysts have nudged their price target on Cogeco Communications higher to C$75.50 from C$75, citing updated assumptions around discount rates, profit margins and future P/E that support a slightly richer valuation. Analyst Commentary Analysts are largely treating the latest move in the C$75.50 price target as a fine tuning of their existing view, reflecting refreshed assumptions rather than a shift in stance on the company.Narrative Update • Dec 14
CCA: Québec Network Expansion Will Support Modest Returns Amid Balanced Outlook
Analysts have nudged their price target for Cogeco Communications slightly higher, lifting it by C$0.50 to C$75.50 as they refine their valuation assumptions while maintaining a neutral sector stance. Analyst Commentary Recent research highlights a measured shift in sentiment as bullish analysts modestly increase their valuation assumptions while keeping overall expectations in check.Narrative Update • Nov 29
CCA: Dividend Increase And Québec Rollout Will Drive Steady Performance Ahead
Analysts have increased their price target for Cogeco Communications by C$0.50 to C$75.50, reflecting updated estimates for discount rate and profit margin. Analyst Commentary Analyst perspectives on Cogeco Communications reflect a balanced view, with recent adjustments to the price target incorporating both supportive and cautionary factors related to the company's outlook.Narrative Update • Nov 15
CCA: Dividend Growth and Québec Expansion Will Drive Share Performance Ahead
Narrative Update on Cogeco Communications Analysts have slightly lowered their price target for Cogeco Communications, reducing it from $74.09 to $73.36. This change is attributed to minor adjustments to revenue growth projections and profit margin estimates.Analysis Article • Nov 07
Cogeco Communications' (TSE:CCA) Shareholders Will Receive A Bigger Dividend Than Last Year
Cogeco Communications Inc. ( TSE:CCA ) will increase its dividend from last year's comparable payment on the 26th of...Narrative Update • Nov 01
CCA: Margin Improvements And Cost Discipline Will Drive Shareholder Value
Narrative Update on Cogeco Communications Analysts have modestly raised their price target on Cogeco Communications from C$75.00 to C$75.50, citing a slightly improved profit margin outlook despite ongoing revenue headwinds. Analyst Commentary Bullish Takeaways Bullish analysts highlight the company's improved profit margins as a key factor supporting a modest price target increase.Analysis Article • Oct 19
Here's Why Cogeco Communications (TSE:CCA) Is Weighed Down By Its Debt Load
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Jul 18
Earnings Miss: Cogeco Communications Inc. Missed EPS By 8.7% And Analysts Are Revising Their Forecasts
Shareholders might have noticed that Cogeco Communications Inc. ( TSE:CCA ) filed its third-quarter result this time...Analysis Article • Feb 15
Little Excitement Around Cogeco Communications Inc.'s (TSE:CCA) Earnings
When close to half the companies in Canada have price-to-earnings ratios (or "P/E's") above 16x, you may consider...
New Narrative • Feb 02
Rollout Of Breezeline Mobile Will Expand Future Service Offerings
Network expansion and structured transformation initiatives in Canada and the U.S. aim to boost revenue and operational efficiency.Analysis Article • Jan 18
Cogeco Communications (TSE:CCA) Has Announced A Dividend Of CA$0.922
The board of Cogeco Communications Inc. ( TSE:CCA ) has announced that it will pay a dividend of CA$0.922 per share on...Analysis Article • Dec 03
These 4 Measures Indicate That Cogeco Communications (TSE:CCA) Is Using Debt Extensively
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Nov 11
Cogeco Communications' (TSE:CCA) Shareholders Will Receive A Bigger Dividend Than Last Year
Cogeco Communications Inc. ( TSE:CCA ) will increase its dividend from last year's comparable payment on the 28th of...Analysis Article • Nov 07
Some May Be Optimistic About Cogeco Communications' (TSE:CCA) Earnings
Shareholders appeared unconcerned with Cogeco Communications Inc.'s ( TSE:CCA ) lackluster earnings report last week...Analysis Article • Aug 09
Cogeco Communications Inc. (TSE:CCA) Stock Catapults 27% Though Its Price And Business Still Lag The Market
Cogeco Communications Inc. ( TSE:CCA ) shares have had a really impressive month, gaining 27% after a shaky period...Analysis Article • Jun 21
There's No Escaping Cogeco Communications Inc.'s (TSE:CCA) Muted Earnings
With a price-to-earnings (or "P/E") ratio of 5.9x Cogeco Communications Inc. ( TSE:CCA ) may be sending very bullish...Analysis Article • May 08
Cogeco Communications (TSE:CCA) Seems To Be Using A Lot Of Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Apr 03
Cogeco Communications Inc.'s (TSE:CCA) Intrinsic Value Is Potentially 74% Above Its Share Price
Key Insights Using the Dividend Discount Model, Cogeco Communications fair value estimate is CA$99.63 Current share...Analysis Article • Jan 05
Shareholders Will Probably Not Have Any Issues With Cogeco Communications Inc.'s (TSE:CCA) CEO Compensation
Key Insights Cogeco Communications' Annual General Meeting to take place on 11th of January Total pay for CEO Philippe...Analysis Article • Nov 06
Cogeco Communications (TSE:CCA) Is Paying Out A Larger Dividend Than Last Year
Cogeco Communications Inc.'s ( TSE:CCA ) periodic dividend will be increasing on the 29th of November to CA$0.854, with...Analysis Article • Oct 26
Is Cogeco Communications (TSE:CCA) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Financial Position Analysis
Short Term Liabilities: CCA's short term assets (CA$315.3M) do not cover its short term liabilities (CA$664.7M).
Long Term Liabilities: CCA's short term assets (CA$315.3M) 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 (118.3%) is considered high.
Reducing Debt: CCA's debt to equity ratio has increased from 115.6% to 119.8% over the past 5 years.
Debt Coverage: CCA's debt is well covered by operating cash flow (22.6%).
Interest Coverage: CCA's interest payments on its debt are not well covered by EBIT (2.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/19 17:47 |
| End of Day Share Price | 2026/06/19 00:00 |
| Earnings | 2026/02/28 |
| Annual Earnings | 2025/08/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Cogeco Communications Inc. is covered by 19 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Phillip Huang | Barclays |
| Tim Casey | BMO Capital Markets Equity Research |
| Matthew Griffiths | BofA Global Research |