Cogent Communications Group Inc (CCOI)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 was not determinable for the periods up to March 31, 2023. However, starting from June 30, 2023, the company's debt-to-equity ratio started to show a consistent trend of 0.00.
A debt-to-equity ratio of 0.00 indicates that the company has no debt relative to its equity. This could suggest that Cogent Communications Group Inc has a conservative financial structure with a low level of financial leverage.
A low debt-to-equity ratio can be favorable as it implies less financial risk and lower interest payments, potentially making the company more resilient in challenging economic conditions. However, it is important to note that this ratio alone does not provide a complete picture of the company's financial health, and other financial metrics should be considered in conjunction for a more comprehensive analysis.
Peer comparison
Dec 31, 2024