Cogent Communications Group Inc (CCOI)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | — | — | — |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $222,848K
= 0.00
The debt-to-equity ratio of Cogent Communications Group Inc has been consistent at 0.00 from December 31, 2023, to December 31, 2024. This indicates that the company has no debt relative to its equity during these periods, reflecting a strong financial position in terms of leverage. A lower debt-to-equity ratio suggests lower financial risk and potential to access more financing options in the future if needed. It's essential to monitor this ratio over time to ensure the company maintains a healthy balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-equity ratio
Cogent Communications Group Inc
CCOI
0.00
Calix Inc
CALX
0.00
Gogo Inc
GOGO
0.00