Comcast Corp (CMCSA)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	92,200,000	85,500,000	90,500,000	89,900,000	86,900,000	82,100,000	90,400,000	99,800,000	109,300,000	112,400,000	114,700,000	117,800,000	125,600,000	124,200,000	124,700,000	118,800,000	115,800,000	114,100,000	118,500,000	115,800,000
Total assets	US$ in thousands	264,811,000	261,072,000	262,147,000	259,429,000	257,275,000	254,308,000	267,032,000	274,074,000	275,905,000	277,061,000	277,004,000	278,511,000	273,869,000	268,940,000	265,978,000	262,421,000	263,414,000	256,374,000	256,555,000	256,189,000
Debt-to-assets ratio		0.35	0.33	0.35	0.35	0.34	0.32	0.34	0.36	0.40	0.41	0.41	0.42	0.46	0.46	0.47	0.45	0.44	0.45	0.46	0.45

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 measures the extent to which a company is financed through debt. A lower ratio indicates that a company has less debt in relation to its assets, which may be a sign of financial strength and stability.

Looking at Comcast Corp's debt-to-assets ratio over the past eight quarters, we can see that it has remained relatively stable, ranging from 0.35 to 0.39. This suggests that Comcast has maintained a consistent level of debt relative to its assets during this time period.

The slight increase in the ratio from 0.35 in Q2 2022 to 0.39 in Q3 2023 could indicate a potential increase in the company's debt compared to its assets. However, it's important to note that the ratio is still below 0.5, which generally indicates that Comcast is not highly leveraged and has a lower risk of financial distress due to excessive debt.

Overall, Comcast's debt-to-assets ratio reflects a moderate level of debt relative to its asset base, which may indicate a balanced approach to financing and a relatively stable financial position. However, it's important to consider other factors such as the company's interest coverage and cash flow to gain a comprehensive understanding of its financial health.