Cogent Communications Group Inc (CCOI)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,211,620 | 2,961,680 | 3,162,740 | 998,412 | 1,010,180 | 1,020,700 | 1,014,580 | 969,769 | 984,557 | 1,008,750 | 1,010,750 | 852,962 | 1,000,480 | 1,000,910 | 1,005,400 | 913,625 | 932,124 | 932,344 | 949,065 | 797,003 |
| 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 |
| Financial leverage ratio | 5.27 | 6.70 | 5.87 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,211,620K ÷ $609,556K
= 5.27
The financial leverage ratio of Cogent Communications Holdings Inc has exhibited fluctuations over the quarters provided. In Q4 2023, the financial leverage ratio stood at 5.27, showing a decrease from the previous quarter's ratio of 6.70 in Q3 2023. This suggests a reduction in the company's reliance on debt to finance its operations and investments. However, it is important to note that the absence of data for Q1 2023 and for the entire year of 2022 limits our ability to fully assess the trend in the financial leverage ratio over the longer term. An increasing financial leverage ratio typically indicates higher financial risk due to increased debt, while a decreasing ratio may imply improved financial stability. Further analysis of the company's financial statements and debt management strategies would provide additional insights into its financial leverage dynamics.
Peer comparison
Dec 31, 2023