Cogeco Communications Balance Sheet Health
Financial Health criteria checks 1/6
Cogeco Communications has a total shareholder equity of CA$3.5B and total debt of CA$4.8B, which brings its debt-to-equity ratio to 137.2%. Its total assets and total liabilities are CA$9.7B and CA$6.2B respectively. Cogeco Communications's EBIT is CA$768.8M making its interest coverage ratio 2.9. It has cash and short-term investments of CA$76.3M.
Key information
137.2%
Debt to equity ratio
CA$4.77b
Debt
| Interest coverage ratio | 2.9x |
| Cash | CA$76.34m |
| Equity | CA$3.47b |
| Total liabilities | CA$6.20b |
| Total assets | CA$9.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: COG's short term assets (CA$245.6M) do not cover its short term liabilities (CA$863.0M).
Long Term Liabilities: COG's short term assets (CA$245.6M) do not cover its long term liabilities (CA$5.3B).
Debt to Equity History and Analysis
Debt Level: COG's net debt to equity ratio (135%) is considered high.
Reducing Debt: COG's debt to equity ratio has increased from 133% to 137.2% over the past 5 years.
Debt Coverage: COG's debt is well covered by operating cash flow (24.7%).
Interest Coverage: COG's interest payments on its debt are not well covered by EBIT (2.9x coverage).