Cogent Communications Group Inc (CCOI)

Debt-to-capital ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 222,848 323,553 415,523 500,644 609,556 442,128 539,200 -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
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00 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 shown a consistent trend of decreasing from 0.00 as of June 30, 2023, to 0.00 as of December 31, 2024. This indicates that the company has been able to reduce its debt relative to its total capital over this period. A debt-to-capital ratio of 0.00 suggests that the company has either paid off all its debt or has negligible debt compared to its total capital. This can be seen as a positive sign of financial stability and strength, as lower debt levels can imply lower financial risk and better ability to weather economic downturns.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-capital ratio
Cogent Communications Group Inc
CCOI
0.00
Calix Inc
CALX
0.00
Gogo Inc
GOGO
0.00