Cogeco Communications Stock Current Asset
| CCA Stock | CAD 70.00 3.17 4.74% |
Cogeco Communications fundamentals help investors to digest information that contributes to Cogeco Communications' financial success or failures. It also enables traders to predict the movement of Cogeco Stock. The fundamental analysis module provides a way to measure Cogeco Communications' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Cogeco Communications stock.
At this time, Cogeco Communications' Non Current Assets Total are very stable compared to the past year. As of the 29th of November 2024, Total Current Assets is likely to grow to about 246.3 M, while Other Current Assets are likely to drop about 21.8 M. Cogeco | Current Asset |
Cogeco Communications Company Current Asset Analysis
Cogeco Communications' Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current Cogeco Communications Current Asset | 207.67 M |
Most of Cogeco Communications' fundamental indicators, such as Current Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Cogeco Communications is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Cogeco Current Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Cogeco Communications is extremely important. It helps to project a fair market value of Cogeco Stock properly, considering its historical fundamentals such as Current Asset. Since Cogeco Communications' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Cogeco Communications' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Cogeco Communications' interrelated accounts and indicators.
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Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
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Cogeco Total Assets
Total Assets |
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In accordance with the recently published financial statements, Cogeco Communications has a Current Asset of 207.67 M. This is 99.61% lower than that of the Diversified Telecommunication Services sector and 99.95% lower than that of the Communication Services industry. The current asset for all Canada stocks is 97.78% higher than that of the company.
Cogeco Communications Current Valuation Drivers
We derive many important indicators used in calculating different scores of Cogeco Communications from analyzing Cogeco Communications' financial statements. These drivers represent accounts that assess Cogeco Communications' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Cogeco Communications' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 4.7B | 5.5B | 3.7B | 3.0B | 2.8B | 1.9B | |
| Enterprise Value | 7.5B | 8.4B | 8.0B | 7.7B | 7.5B | 7.9B |
Cogeco Fundamentals
| Return On Equity | 0.1 | ||||
| Return On Asset | 0.0494 | ||||
| Profit Margin | 0.11 % | ||||
| Operating Margin | 0.25 % | ||||
| Current Valuation | 7.56 B | ||||
| Shares Outstanding | 30.03 M | ||||
| Shares Owned By Insiders | 0.46 % | ||||
| Shares Owned By Institutions | 44.80 % | ||||
| Number Of Shares Shorted | 637.55 K | ||||
| Price To Earning | 12.08 X | ||||
| Price To Book | 0.94 X | ||||
| Price To Sales | 0.94 X | ||||
| Revenue | 2.98 B | ||||
| Gross Profit | 1.42 B | ||||
| EBITDA | 1.36 B | ||||
| Net Income | 335.53 M | ||||
| Cash And Equivalents | 29.26 M | ||||
| Cash Per Share | 7.68 X | ||||
| Total Debt | 4.82 B | ||||
| Debt To Equity | 1.18 % | ||||
| Current Ratio | 1.29 X | ||||
| Book Value Per Share | 70.90 X | ||||
| Cash Flow From Operations | 1.18 B | ||||
| Short Ratio | 10.78 X | ||||
| Earnings Per Share | 7.83 X | ||||
| Price To Earnings To Growth | 3.24 X | ||||
| Target Price | 79.25 | ||||
| Beta | 0.6 | ||||
| Market Capitalization | 2.81 B | ||||
| Total Asset | 9.68 B | ||||
| Retained Earnings | 2 B | ||||
| Working Capital | (617.44 M) | ||||
| Current Asset | 207.67 M | ||||
| Current Liabilities | 474.98 M | ||||
| Annual Yield | 0.06 % | ||||
| Five Year Return | 2.32 % | ||||
| Net Asset | 9.68 B | ||||
| Last Dividend Paid | 3.42 |
About Cogeco Communications Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Cogeco Communications's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cogeco Communications using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cogeco Communications based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Cogeco Communications
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cogeco Communications position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cogeco Communications will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Cogeco Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cogeco Communications when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cogeco Communications - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cogeco Communications to buy it.
The correlation of Cogeco Communications is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cogeco Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cogeco Communications moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cogeco Communications can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Cogeco Stock
Cogeco Communications financial ratios help investors to determine whether Cogeco Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cogeco with respect to the benefits of owning Cogeco Communications security.