Comcast Corp (CMCSA)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.34 | 0.35 | 0.34 | 0.40 | 0.46 |
| Debt-to-capital ratio | 0.51 | 0.53 | 0.52 | 0.53 | 0.58 |
| Debt-to-equity ratio | 1.05 | 1.11 | 1.07 | 1.14 | 1.39 |
| Financial leverage ratio | 3.11 | 3.20 | 3.18 | 2.87 | 3.03 |
Based on the provided data, Comcast Corp's solvency ratios have shown a generally improving trend over the years.
The Debt-to-assets ratio has decreased from 0.46 in 2020 to 0.34 in 2024, indicating that the company's level of debt relative to its total assets has been declining.
Similarly, the Debt-to-capital ratio has decreased from 0.58 in 2020 to 0.51 in 2024, showing a decreasing reliance on debt to finance the company's operations relative to its total capital.
The Debt-to-equity ratio has also shown a downward trend, decreasing from 1.39 in 2020 to 1.05 in 2024, indicating a reduction in the proportion of debt to equity in the company's capital structure.
The Financial leverage ratio, which measures the extent to which the company is using debt to finance its operations, fluctuated but remained relatively stable over the years, ranging from 2.87 to 3.20.
Overall, the decreasing trend in these solvency ratios suggests that Comcast Corp has been managing its debt levels effectively and improving its financial health and stability over the years.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 5.64 | 6.08 | 3.50 | 5.54 | 4.03 |
Interest coverage ratio reflects the ability of Comcast Corp to meet its interest payment obligations with its earnings before interest and taxes (EBIT).
- As of December 31, 2020, Comcast Corp had an interest coverage ratio of 4.03, indicating that the company was generating EBIT that was 4.03 times its interest expenses.
- By December 31, 2021, the interest coverage ratio had improved to 5.54, suggesting a stronger ability to cover interest payments with EBIT.
- However, by December 31, 2022, the interest coverage ratio decreased to 3.50, which may indicate a potential decrease in EBIT relative to interest expenses.
- The ratio improved again by December 31, 2023, reaching 6.08, indicating a strong ability to cover interest expenses with operating profits.
- As of December 31, 2024, the interest coverage ratio remained favorable at 5.64, showing continued strength in Comcast Corp's ability to meet interest obligations.
Overall, the trend in Comcast Corp's interest coverage ratio demonstrates fluctuations over the period, with some improvements and declines. It is essential for investors and creditors to monitor this ratio to assess the company's capacity to service its debt and manage financial risk effectively.