Relatively High Debt to Asset Ratio Detected in Shares of Cogent Communications in the Alternative Carriers Industry (CCOI, LVLT, IRDM, PGI, VG)
Below are the three companies in the Alternative Carriers industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.
Cogent Communications ranks highest with a a debt to asset ratio of 0.86. Level 3 Communications is next with a a debt to asset ratio of 0.53. Iridiummmunications ranks third highest with a a debt to asset ratio of 0.45.
Premiere Global Services follows with a a debt to asset ratio of 0.44, and Vonage rounds out the top five with a a debt to asset ratio of 0.32.
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 24.0%. We continue to monitor Vonage for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest debt to asset ratio cogent communications level 3 communications iridiummmunications premiere global services vonage