Comcast Corp (CMCSA)
Debt-to-equity 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-equity ratio | 1.05 | 1.11 | 1.07 | 1.14 | 1.39 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $89,800,000K ÷ $85,560,000K
= 1.05
The debt-to-equity ratio of Comcast Corp has been gradually decreasing over the five-year period from 2020 to 2024. It stood at 1.39 in December 31, 2020, and progressively declined to 1.14 in December 31, 2021, 1.07 in December 31, 2022, 1.11 in December 31, 2023, and further dropped to 1.05 in December 31, 2024.
This declining trend in the debt-to-equity ratio indicates that Comcast Corp is relying less on debt financing and becoming more reliant on equity financing over the years. Overall, the decreasing debt-to-equity ratio could signify improved financial stability and lower financial risk for the company as it has been reducing its debt levels relative to its equity.
Peer comparison
Dec 31, 2024