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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CGEA.F's short term assets (CA$270.6M) do not cover its short term liabilities (CA$490.4M).
Long Term Liabilities: CGEA.F'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: CGEA.F's net debt to equity ratio (140%) is considered high.
Reducing Debt: CGEA.F's debt to equity ratio has reduced from 158.4% to 142.3% over the past 5 years.
Debt Coverage: CGEA.F's debt is well covered by operating cash flow (22.3%).
Interest Coverage: CGEA.F's interest payments on its debt are not well covered by EBIT (2.9x coverage).