Comcast Corp (CMCSA)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 264,811,000 | 257,275,000 | 275,905,000 | 273,869,000 | 263,414,000 |
| Total stockholders’ equity | US$ in thousands | 82,703,000 | 80,943,000 | 96,092,000 | 90,323,000 | 82,726,000 |
| Financial leverage ratio | 3.20 | 3.18 | 2.87 | 3.03 | 3.18 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $264,811,000K ÷ $82,703,000K
= 3.20
The financial leverage ratio of Comcast Corp has exhibited fluctuations in recent years. As of December 31, 2023, the ratio stands at 3.20, which reflects an increase from the previous year. This indicates that the company's reliance on debt to finance its operations and investments has intensified compared to prior periods. It is important to note that the ratio was considerably lower in 2021 at 2.87, suggesting a lower level of financial risk associated with debt during that period. The upward trend observed in 2023 warrants further scrutiny and highlights the potential impact on the company's overall financial risk and stability.
Peer comparison
Dec 31, 2023