Comcast Corp (CMCSA)

Debt-to-equity ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	89,800,000	—	—	—	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
Total stockholders’ equity	US$ in thousands	85,560,000	85,774,000	83,219,000	82,549,000	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
Debt-to-equity ratio		1.05	0.00	0.00	0.00	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

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 shown a decreasing trend from 1.46 as of March 31, 2020, to 0.00 as of June 30, 2024, before increasing again to 1.05 as of December 31, 2024.

A high debt-to-equity ratio indicates that a company relies more on debt financing than equity, which may pose greater financial risk. Conversely, a low or zero debt-to-equity ratio suggests a conservative capital structure where the company uses more equity financing.

The decreasing trend in Comcast's debt-to-equity ratio from 2020 to mid-2024 could be indicative of efforts to reduce debt levels or increase equity, leading to a more balanced capital structure and potentially reducing financial risk. However, the increase in the ratio by the end of 2024 may signal a reversal of this trend, suggesting a potential shift towards more debt financing.

It is important for investors and stakeholders to monitor changes in the debt-to-equity ratio over time to assess a company's financial health, risk profile, and capital structure management.