Cogent Communications Group Inc (CCOI)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $609,556K
= 0.00
The debt-to-equity ratio of Cogent Communications Holdings Inc has shown fluctuations over the recent quarters. In Q4 2023, the ratio stood at 2.35, indicating that for every dollar of equity, the company had $2.35 in debt. This suggests a moderate level of financial leverage. The Q4 2023 ratio represents a decrease from the previous quarter (Q3 2023) where the ratio was higher at 3.23, signaling a reduction in the proportion of debt compared to equity.
The trend observed in the debt-to-equity ratio in the last few quarters indicates some level of volatility and fluctuations in the company's capital structure. Comparing to earlier periods, data for Q1 2023 and historical data for 2022 are not available, making it difficult to draw a comprehensive trend analysis over a longer timeframe. It would be crucial to monitor future quarters to understand if the decrease in the ratio in Q4 2023 is a sustained trend towards a lower leverage position or just a short-term adjustment.
Investors and stakeholders typically use the debt-to-equity ratio to assess a company's financial risk and its ability to meet its debt obligations. A high debt-to-equity ratio could imply higher financial risk, as the company is relying more on debt financing. Conversely, a lower ratio might indicate a more conservative capital structure. Further analysis would be needed to understand the reasons behind the fluctuations in Cogent Communications Holdings Inc's debt-to-equity ratio and the potential implications for the company's financial health and future performance.
Peer comparison
Dec 31, 2023