Cogent Communications Group Inc (CCOI)
Interest coverage
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -140,842 | 62,095 | 67,929 | 1,206,756 | 1,292,412 | 1,134,297 | 1,211,214 | 116,230 | 119,929 | 137,295 | 145,899 | 124,868 | 122,730 | 105,179 | 92,248 | 106,883 | 106,421 | 106,838 | 106,108 | 103,085 |
| Interest expense (ttm) | US$ in thousands | 118,803 | 115,989 | 116,982 | 116,094 | 111,609 | 98,671 | 87,858 | 73,205 | 89,639 | 87,325 | 86,464 | 86,700 | 66,353 | 62,684 | 61,095 | 62,358 | 62,486 | 63,746 | 63,177 | 61,273 |
| Interest coverage | -1.19 | 0.54 | 0.58 | 10.39 | 11.58 | 11.50 | 13.79 | 1.59 | 1.34 | 1.57 | 1.69 | 1.44 | 1.85 | 1.68 | 1.51 | 1.71 | 1.70 | 1.68 | 1.68 | 1.68 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $-140,842K ÷ $118,803K
= -1.19
The interest coverage ratio for Cogent Communications Group Inc has fluctuated over the past few years, ranging from a low of -1.19 on December 31, 2024, to a high of 13.79 on June 30, 2023. This ratio indicates the company's ability to meet its interest payment obligations using its operating income. A ratio below 1 suggests that the company is not generating enough operating income to cover its interest expenses, which could be a cause for concern for creditors and investors. It is important for the company to maintain a healthy interest coverage ratio to demonstrate its financial stability and ability to service its debt effectively.
Peer comparison
Dec 31, 2024