Comcast Corp (CMCSA)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	82,703,000	82,625,000	84,119,000	82,421,000	80,943,000	80,296,000	91,426,000	94,693,000	96,092,000	95,782,000	94,935,000	92,575,000	90,323,000	86,176,000	83,614,000	81,506,000	82,726,000	78,144,000	76,850,000	74,959,000
Debt-to-capital ratio		0.53	0.51	0.52	0.52	0.52	0.51	0.50	0.51	0.53	0.54	0.55	0.56	0.58	0.59	0.60	0.59	0.58	0.59	0.61	0.61

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $92,200,000K ÷ ($92,200,000K + $82,703,000K)
= 0.53

The debt-to-capital ratio of Comcast Corp has been relatively stable over the past eight quarters, ranging from 0.50 to 0.55. This ratio indicates the proportion of the company's capital that is financed through debt. A higher ratio suggests a higher level of financial leverage and potential risk, while a lower ratio indicates a greater proportion of equity financing.

The consistent range of 0.50 to 0.55 suggests that Comcast has maintained a moderate level of debt relative to its capital structure. This stability may indicate a deliberate and manageable approach to leveraging, which can be favorable for the company's financial health and risk management. Additionally, it suggests that the company has maintained a relatively balanced mix of debt and equity financing to support its operations and growth initiatives.