Comcast Corp (CMCSA)

Debt-to-equity 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-equity ratio		1.11	1.03	1.08	1.09	1.07	1.02	0.99	1.05	1.14	1.17	1.21	1.27	1.39	1.44	1.49	1.46	1.40	1.46	1.54	1.54

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $92,200,000K ÷ $82,703,000K
= 1.11

The debt-to-equity ratio of Comcast Corp has shown some fluctuations over the past eight quarters. The ratio, which measures the proportion of debt financing relative to equity, was 1.17 as of December 31, 2023, indicating that the company had $1.17 in debt for every dollar of equity. This represents a slight decrease from the ratio of 1.24 at the end of the previous quarter.

The trend over the last two years has been relatively stable, with the ratio fluctuating between 1.00 and 1.24. However, the recent uptick in the ratio could suggest an increasing reliance on debt to finance the company's operations or investment activities. It's important for investors and stakeholders to monitor this trend as higher levels of debt could potentially indicate increased financial risk for the company.