Cogent Communications Group Inc (CCOI)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 222,848 | 609,556 | -518,632 | -373,098 | -293,166 |
| Debt-to-capital ratio | 0.00 | 0.00 | — | — | — |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $222,848K)
= 0.00
The debt-to-capital ratio for Cogent Communications Group Inc has been stable over the years 2023 and 2024, standing at 0.00 as of December 31 for both years. This indicates that the company has no debt in its capital structure during these two years. It implies that the company is not relying on debt financing to fund its operations and investments, which may signify a more conservative financial strategy or a strong ability to generate internal funds. However, it is worth noting that the absence of debt in the capital structure may also suggest that the company is not taking advantage of potential tax benefits associated with debt financing. Overall, a debt-to-capital ratio of 0.00 demonstrates a healthy balance between debt and equity for Cogent Communications Group Inc during the given years.
Peer comparison
Dec 31, 2024