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$5.0B, which brings its debt-to-equity ratio to 149.2%. Its total assets and total liabilities are CA$9.9B and CA$6.5B respectively. Cogeco's EBIT is CA$783.6M making its interest coverage ratio 2.9. It has cash and short-term investments of CA$55.1M.

Key information

149.2%

Debt to equity ratio

CA$5.04b

Debt

Interest coverage ratio2.9x
CashCA$55.14m
EquityCA$3.38b
Total liabilitiesCA$6.50b
Total assetsCA$9.88b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: CGEC.F's short term assets (CA$252.3M) do not cover its short term liabilities (CA$577.9M).

Long Term Liabilities: CGEC.F's short term assets (CA$252.3M) do not cover its long term liabilities (CA$5.9B).


Debt to Equity History and Analysis

Debt Level: CGEC.F's net debt to equity ratio (147.6%) is considered high.

Reducing Debt: CGEC.F's debt to equity ratio has increased from 135.9% to 149.2% over the past 5 years.

Debt Coverage: CGEC.F's debt is well covered by operating cash flow (22.7%).

Interest Coverage: CGEC.F's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


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