Comcast Corp (CMCSA)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	85,560,000	82,703,000	80,943,000	96,092,000	90,323,000
Debt-to-capital ratio		0.51	0.53	0.52	0.53	0.58

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $89,800,000K ÷ ($89,800,000K + $85,560,000K)
= 0.51

The debt-to-capital ratio of Comcast Corp has shown a downward trend from 0.58 as of December 31, 2020, to 0.51 as of December 31, 2024. This indicates that the company has been gradually decreasing its reliance on debt to finance its operations relative to its capital structure over the years. The decreasing trend in the debt-to-capital ratio suggests that Comcast Corp has either paid down its debt, increased its equity capital, or a combination of both. Overall, the decreasing trend in the debt-to-capital ratio reflects a stronger financial position and reduced financial risk for Comcast Corp.