Cogent Communications Holdings (Cogent Communications Holdings) Effective Interest Rate on Debt % : 7.64% (As of Dec. 2023)

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What is Cogent Communications Holdings Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Cogent Communications Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $139.7 Mil. Cogent Communications Holdings's average total debt for the quarter that ended in Dec. 2023 was $1,828.0 Mil. Therefore, Cogent Communications Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.64%.

Cogent Communications Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Cogent Communications Holdings's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cogent Communications Holdings Effective Interest Rate on Debt % Chart

Cogent Communications Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.23

5.53

4.70

5.17

6.71

Cogent Communications Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.38	5.58	7.10	5.25	7.64

Competitive Comparison of Cogent Communications Holdings's Effective Interest Rate on Debt %

For the Telecom Services subindustry, Cogent Communications Holdings's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cogent Communications Holdings's Effective Interest Rate on Debt % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Cogent Communications Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Cogent Communications Holdings's Effective Interest Rate on Debt % falls into.

Cogent Communications Holdings Effective Interest Rate on Debt % Calculation

Cogent Communications Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -106.783	/	( (1355.081	+	1828.158)	/ 2 )
=	-1 * -106.783	/	1591.6195
=	6.71 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1325.894	+	29.187
=	1355.081

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1695.602	+	132.556
=	1828.158

Cogent Communications Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -139.712	/	( (1827.837	+	1828.158)	/ 2 )
=	-1 * -139.712	/	1827.9975
=	7.64 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1696.183	+	131.654
=	1827.837

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1695.602	+	132.556
=	1828.158

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Cogent Communications Holdings (NAS:CCOI) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Cogent Communications Holdings Effective Interest Rate on Debt % Related Terms

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Cogent Communications Holdings (Cogent Communications Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Cogent Communications Holdings Inc (NAS:CCOI) » Definitions » Effective Interest Rate on Debt %

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OGM1:Germany

Address

2450 N Street North West, Washington, DC, USA, 20037

Website

https://www.cogentco.com

Cogent carries over one fifth of the world's internet traffic over its network and is a broadband provider for businesses. Cogent's corporate customers are in high-rise office buildings; the firm provides them with two types of connections: dedicated internet access, which connects them to the internet, and virtual private networking, which offers an internal network for employees in different locations. Cogent's corporate customers are exclusively in North America and account for over half of the firm's revenue. Cogent's netcentric customers include internet service providers and content providers, to which Cogent provides internet transit. They hand traffic to Cogent in data centers and rely on Cogent to deliver it. About half of netcentric revenue is from outside the U.S.

Executives

John B. Chang	officer: VP & CHIEF LEGAL OFFICER	2450 N ST NW, 4TH FLOOR, WASHINGTON DC 20037
Dave Schaeffer	director, 10 percent owner, officer: Chairman, President & CEO	C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N ST NW, 4TH FLOOR, WASHINGTON DC 20037
Henry W Kilmer	officer: VP of IP Engineering	C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N ST NW, 4TH FLOOR, WASHINGTON DC 20037
James Bubeck	officer: Chief Revenue Officer	2450 N STREET NW, WASHINGTON DC 20037
Thaddeus Gerard Weed	officer: VP, Controller	COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N ST NW, 4TH FLOOR, WASHINGTON DC 20037
Lewis H Ferguson	director	8717 BURDETTE ROAD, BETHESDA MD 20817
Sheryl Lynn Kennedy	director	C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037
Blake Bath	director	1010 WISCONSIN AVENUE, SUITE 600, WASHINGTON DC 20007
Marc Montagner	other: director nominee	C/O ENDURANCE INT'L GROUP HOLDINGS, INC., 10 CORPORATE DRIVE, SUITE 300, BURLINGTON MA 01803
David Allen Kapp	officer: VP & CHIEF TECHNICAL OFFICER	C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037
Jeffrey S Danielson	officer: VP Infrastructure	C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037
Steven D Brooks	director	C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N ST NW, 4TH FLOOR, WASHINGTON DC 20037
Greg W O'connor	officer: VP, CHIEF OPERATING OFFICER	C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037
Eve N Howard	director	C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037
Sa Paul De	director	C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037