Comcast Corp (CMCSA)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.35 | 0.34 | 0.40 | 0.46 | 0.44 |
| Debt-to-capital ratio | 0.53 | 0.52 | 0.53 | 0.58 | 0.58 |
| Debt-to-equity ratio | 1.11 | 1.07 | 1.14 | 1.39 | 1.40 |
| Financial leverage ratio | 3.20 | 3.18 | 2.87 | 3.03 | 3.18 |
The solvency ratios of Comcast Corp show the company's ability to meet its long-term obligations and sustain operations. The debt-to-assets ratio has remained relatively stable over the last five years, signaling that Comcast has effectively managed its debt in relation to its assets. The debt-to-capital ratio, which measures the proportion of debt in the company's capital structure, also shows consistency, indicating a balanced mix of debt and equity. The debt-to-equity ratio has fluctuated but generally remains at a level indicating reliance on debt financing. The financial leverage ratio, which reflects the extent of financial leverage in the company's capital structure, has also shown stability over the years, indicating a consistent reliance on debt financing.
Overall, Comcast's solvency ratios suggest a prudent management of debt and capital structure, providing a favorable outlook for long-term sustainability and financial health.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | 6.08 | 3.50 | 5.54 | 4.03 | 4.66 |
The interest coverage ratio for Comcast Corp has shown consistent improvement over the past five years, with a significant increase from 3.79 in 2020 to 5.90 in 2023. This indicates that the company's ability to meet its interest obligations from its earnings has strengthened. A higher interest coverage ratio suggests that Comcast's earnings are more than sufficient to cover its interest expenses, providing a cushion against potential financial risks. Overall, the trend reflects positively on Comcast's financial stability and ability to service its debt obligations.