Comcast Corp (CMCSA)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 89,800,000 | 92,200,000 | 86,900,000 | 109,300,000 | 125,600,000 |
| Total assets | US$ in thousands | 266,211,000 | 264,811,000 | 257,275,000 | 275,905,000 | 273,869,000 |
| Debt-to-assets ratio | 0.34 | 0.35 | 0.34 | 0.40 | 0.46 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $89,800,000K ÷ $266,211,000K
= 0.34
The debt-to-assets ratio of Comcast Corp has shown a decreasing trend over the past five years, from 0.46 at the end of 2020 to 0.34 at the end of both 2022 and 2024, with a slight increase in 2023. This ratio indicates the proportion of the company's assets financed by debt. A lower ratio suggests that Comcast is relying less on debt to fund its operations and investments, which can be viewed positively by investors and creditors. Overall, the decreasing trend in the debt-to-assets ratio indicates that Comcast's financial leverage has been improving, potentially reducing its financial risk and increasing its financial stability over the years.
Peer comparison
Dec 31, 2024