• Return to Headlines

Cogent Communications has the Highest Debt to Equity Ratio in the Alternative Carriers Industry (CCOI, LVLT, PGI, IRDM, VG)

By Amy Schwartz

Below are the three companies in the Alternative Carriers industry with the highest debt to equity ratios. The Debt/Equity ratio measures a company's leverage and a high level often implies that a company has financed much of its growth with debt.

Cogent Communications ranks highest with a a debt to equity ratio of 527.1. Following is Level 3 Communications with a a debt to equity ratio of 1.6. Premiere Global Services ranks third highest with a a debt to equity ratio of 1.4.

Iridiummmunications follows with a a debt to equity ratio of 1.1, and Vonage rounds out the top five with a a debt to equity ratio of 0.7.

SmarTrend recommended that subscribers consider buying shares of Vonage on June 1st, 2016 as our technology indicated a new Uptrend was in progress when shares hit $4.62. Since that recommendation, shares of Vonage have risen 50.6%. We continue to monitor Vonage for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest debt to equity ratio cogent communications level 3 communications premiere global services iridiummmunications vonage

Ticker(s): CCOI LVLT PGI IRDM VG