Cogent Communications Group Inc (CCOI)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,173,100 | 3,211,620 | 1,010,180 | 984,557 | 1,000,480 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,173,100K
= 0.00
The debt-to-assets ratio of Cogent Communications Group Inc has been consistently 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are fully funded by equity, which can be considered a positive indicator of financial stability and solvency. However, it should be noted that a low debt-to-assets ratio may also imply missed opportunities for leveraging debt to potentially increase returns for shareholders. Monitoring this ratio over time can provide insights into the company's capital structure and risk management strategies.
Peer comparison
Dec 31, 2024