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
Cogeco (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).