Comcast Corp (CMCSA)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	92,200,000	86,900,000	109,300,000	125,600,000	115,800,000
Total assets	US$ in thousands	264,811,000	257,275,000	275,905,000	273,869,000	263,414,000
Debt-to-assets ratio		0.35	0.34	0.40	0.46	0.44

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $92,200,000K ÷ $264,811,000K
= 0.35

The debt-to-assets ratio of Comcast Corp has shown relatively stable levels over the past five years, with figures ranging from 0.34 to 0.39. This ratio indicates the proportion of the company's assets that are financed by debt. A lower ratio suggests lower financial risk, as it implies a larger portion of assets is funded by equity. Comcast's trend of maintaining a ratio below 0.40 demonstrates a conservative approach to leveraging, indicating a prudent balance between debt and equity financing. This stability suggests that the company has been managing its debt and asset levels effectively, maintaining a healthy financial position over the years.