I use a few of them Simon as I have 3 devices with coax digital out running to a 3 way stereo speaker selector switch.
I just use one input to each switch and one output to my amp, the red ones in my case.
As its a digital signal then quality doesnt really matter, it just detects "on" or "off" or 1 or 0 if you prefer and either works or it doesnt, you never get a degraded signal with digital.
A coax digital cable has an earth wire and a feed wire, just the same as a phono to phono audio cable which normally come in pairs or triple, if composite video is used, as its digital and not analogue then it doesnt even need to be screened.
A lot of shops will try and sell you expensive cables for lots of things but where you may need a good quality cable for a long run in analogue you definately dont need anything special for digital