Cogent Communications Group Inc (CCOI)
Debt-to-capital ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 444,187 | 444,088 | 443,991 | 443,896 | 631,702 |
| Total stockholders’ equity | US$ in thousands | 609,556 | 442,128 | 539,200 | -548,547 | -518,632 | -491,765 | -440,181 | -408,606 | -373,098 | -356,767 | -336,141 | -307,559 | -293,166 | -260,691 | -235,550 | -222,225 | -203,679 | -190,501 | -176,590 | -164,231 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — | — | — | — | — | — | 2.00 | 1.85 | 1.75 | 1.66 | 1.35 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $609,556K)
= 0.00
The debt-to-capital ratio of Cogent Communications Holdings Inc has exhibited fluctuations over the past eight quarters. In Q4 2022, the ratio was 1.71, indicating that a significant portion of the company's capital structure was funded by debt. However, this ratio decreased in subsequent quarters, reaching its lowest point of 0.70 in Q2 2023.
The decreasing trend from Q4 2022 to Q2 2023 suggests that the company may have paid down debt or increased its capital base during this period. The ratio then increased to 0.76 in Q3 2023 before dropping back to 0.70 in Q4 2023, indicating some volatility in the company's debt and capital levels.
Overall, the debt-to-capital ratio of Cogent Communications Holdings Inc has shown variability, with both upward and downward movements over the different quarters. Investors and analysts may want to further investigate the reasons behind these fluctuations to assess the company's leverage and financial health accurately.
Peer comparison
Dec 31, 2023