Cogeco Communications Balance Sheet Health
Financial Health criteria checks 2/6
Cogeco Communications has a total shareholder equity of CA$3.4B and total debt of CA$4.9B, which brings its debt-to-equity ratio to 142.3%. Its total assets and total liabilities are CA$9.6B and CA$6.2B respectively. Cogeco Communications's EBIT is CA$774.8M making its interest coverage ratio 2.9. It has cash and short-term investments of CA$81.2M.
Key information
142.3%
Debt to equity ratio
CA$4.88b
Debt
| Interest coverage ratio | 2.9x |
| Cash | CA$81.19m |
| Equity | CA$3.43b |
| Total liabilities | CA$6.19b |
| Total assets | CA$9.61b |
Recent financial health updates
Is Cogeco Communications (TSE:CCA) A Risky Investment?
Oct 26
Cogeco 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 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$270.6M) do not cover its short term liabilities (CA$490.4M).
Long Term Liabilities: CCA's short term assets (CA$270.6M) do not cover its long term liabilities (CA$5.7B).
Debt to Equity History and Analysis
Debt Level: CCA's net debt to equity ratio (140%) is considered high.
Reducing Debt: CCA's debt to equity ratio has reduced from 158.4% to 142.3% over the past 5 years.
Debt Coverage: CCA's debt is well covered by operating cash flow (22.3%).
Interest Coverage: CCA's interest payments on its debt are not well covered by EBIT (2.9x coverage).