Cogeco Balance Sheet Health
Financial Health criteria checks 2/6
Cogeco has a total shareholder equity of CA$3.3B and total debt of CA$5.0B, which brings its debt-to-equity ratio to 150.7%. Its total assets and total liabilities are CA$9.7B and CA$6.4B respectively. Cogeco's EBIT is CA$782.7M making its interest coverage ratio 2.8. It has cash and short-term investments of CA$82.5M.
Key information
150.7%
Debt to equity ratio
CA$5.02b
Debt
Interest coverage ratio | 2.8x |
Cash | CA$82.49m |
Equity | CA$3.33b |
Total liabilities | CA$6.38b |
Total assets | CA$9.71b |
Financial Position Analysis
Short Term Liabilities: CGO's short term assets (CA$296.4M) do not cover its short term liabilities (CA$520.1M).
Long Term Liabilities: CGO's short term assets (CA$296.4M) do not cover its long term liabilities (CA$5.9B).
Debt to Equity History and Analysis
Debt Level: CGO's net debt to equity ratio (148.2%) is considered high.
Reducing Debt: CGO's debt to equity ratio has reduced from 155.1% to 150.7% over the past 5 years.
Debt Coverage: CGO's debt is well covered by operating cash flow (21.8%).
Interest Coverage: CGO's interest payments on its debt are not well covered by EBIT (2.8x coverage).