Comcast Corp (CMCSA)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 264,811,000 | 261,072,000 | 262,147,000 | 259,429,000 | 257,275,000 | 254,308,000 | 267,032,000 | 274,074,000 | 275,905,000 | 277,061,000 | 277,004,000 | 278,511,000 | 273,869,000 | 268,940,000 | 265,978,000 | 262,421,000 | 263,414,000 | 256,374,000 | 256,555,000 | 256,189,000 |
| 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 |
| Financial leverage ratio | 3.20 | 3.16 | 3.12 | 3.15 | 3.18 | 3.17 | 2.92 | 2.89 | 2.87 | 2.89 | 2.92 | 3.01 | 3.03 | 3.12 | 3.18 | 3.22 | 3.18 | 3.28 | 3.34 | 3.42 |
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 shown variability over the past eight quarters, ranging from 2.89 to 3.20. A higher financial leverage ratio typically indicates higher financial risk and implies that a larger portion of the company's assets are financed through debt.
The increasing trend in the financial leverage ratio from the second quarter of 2022 to the fourth quarter of 2023 suggests that the company may be relying more on debt financing to support its operations or expansion. This, in turn, may signal an increase in financial risk as the company takes on more debt relative to its equity.
It would be important for stakeholders and investors to monitor this trend closely, as high financial leverage can magnify the impact of downturns in business, potentially leading to financial distress if not managed prudently. Additionally, changes in the financial leverage ratio may also affect the company's cost of capital and overall financial stability.
Peer comparison
Dec 31, 2023