Cogeco Balance Sheet Health
Financial Health criteria checks 1/6
Cogeco has a total shareholder equity of CA$3.4B and total debt of CA$4.9B, which brings its debt-to-equity ratio to 144.9%. Its total assets and total liabilities are CA$9.8B and CA$6.4B respectively. Cogeco's EBIT is CA$776.4M making its interest coverage ratio 2.9. It has cash and short-term investments of CA$77.7M.
Key information
144.9%
Debt to equity ratio
CA$4.90b
Debt
| Interest coverage ratio | 2.9x |
| Cash | CA$77.75m |
| Equity | CA$3.38b |
| Total liabilities | CA$6.39b |
| Total assets | CA$9.77b |
Recent financial health updates
Cogeco (TSE:CGO) Seems To Be Using A Lot Of Debt
Jul 18
We Think Cogeco (TSE:CGO) Is Taking Some Risk With Its Debt
Dec 07We Think Cogeco (TSE:CGO) Is Taking Some Risk With Its Debt
Apr 01Recent updates
We Like The Quality Of Cogeco's (TSE:CGO) Earnings
Nov 08Cogeco (TSE:CGO) Seems To Be Using A Lot Of Debt
Jul 18We Think Cogeco (TSE:CGO) Is Taking Some Risk With Its Debt
Dec 07Investors Can Find Comfort In Cogeco's (TSE:CGO) Earnings Quality
Nov 08Cogeco (TSE:CGO) Is Paying Out A Larger Dividend Than Last Year
Nov 06We Think Cogeco (TSE:CGO) Is Taking Some Risk With Its Debt
Apr 01Financial Position Analysis
Short Term Liabilities: CGO's short term assets (CA$270.5M) do not cover its short term liabilities (CA$900.2M).
Long Term Liabilities: CGO's short term assets (CA$270.5M) do not cover its long term liabilities (CA$5.5B).
Debt to Equity History and Analysis
Debt Level: CGO's net debt to equity ratio (142.6%) is considered high.
Reducing Debt: CGO's debt to equity ratio has increased from 133.9% to 144.9% over the past 5 years.
Debt Coverage: CGO's debt is well covered by operating cash flow (24.2%).
Interest Coverage: CGO's interest payments on its debt are not well covered by EBIT (2.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:59 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/08/31 |
| Annual Earnings | 2024/08/31 |
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 here.
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 .
Analyst Sources
Cogeco Inc. is covered by 8 analysts. 1 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 |
| Glen Campbell | BofA Global Research |
| Stephanie Price | CIBC Capital Markets |