Cogent Communications Holdings (Cogent Communications Holdings) Debt-to-Equity

: 3.00 (As of Dec. 2023)

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Cogent Communications Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $132.6 Mil. Cogent Communications Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,695.6 Mil. Cogent Communications Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $609.6 Mil. Cogent Communications Holdings's debt to equity for the quarter that ended in Dec. 2023 was 3.00.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Cogent Communications Holdings's Debt-to-Equity or its related term are showing as below:

CCOI' s Debt-to-Equity Range Over the Past 10 Years
Min: -47.38 Med: -4.64 Max: 7.21
Current: 3

During the past 13 years, the highest Debt-to-Equity Ratio of Cogent Communications Holdings was 7.21. The lowest was -47.38. And the median was -4.64.

CCOI's Debt-to-Equity is ranked worse than
90.43% of 345 companies
in the Telecommunication Services industry
Industry Median: 0.66 vs CCOI: 3.00

Cogent Communications Holdings Debt-to-Equity Historical Data

The historical data trend for Cogent Communications Holdings's Debt-to-Equity 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.

* Premium members only.

Cogent Communications Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-5.15

-4.13

-3.38

-2.61

3.00

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
Debt-to-Equity																-2.61	-2.50	3.45	4.13	3.00

Competitive Comparison

For the Telecom Services subindustry, Cogent Communications Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

For the Telecommunication Services industry and Communication Services sector, Cogent Communications Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cogent Communications Holdings's Debt-to-Equity falls into.

Cogent Communications Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cogent Communications Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(132.556	+	1695.602)	/	609.556
	=	3.00

Cogent Communications Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(132.556	+	1695.602)	/	609.556
	=	3.00

Cogent Communications Holdings (NAS:CCOI) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Cogent Communications Holdings Debt-to-Equity 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 » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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