Comcast Corp (CMCSA)
Interest coverage
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 24,846,000 | 24,471,000 | 15,273,000 | 14,115,000 | 13,625,000 | 13,913,000 | 22,857,000 | 24,063,000 | 23,699,000 | 24,020,000 | 21,678,000 | 19,893,000 | 18,486,000 | 18,219,000 | 19,400,000 | 19,577,000 | 21,297,000 | 20,287,000 | 19,843,000 | 19,719,000 |
| Interest expense (ttm) | US$ in thousands | 4,087,000 | 4,042,000 | 3,942,000 | 3,912,000 | 3,895,000 | 4,041,000 | 4,131,000 | 4,256,000 | 4,281,000 | 4,205,000 | 4,375,000 | 4,394,000 | 4,588,000 | 4,657,000 | 4,604,000 | 4,629,000 | 4,567,000 | 4,583,000 | 4,246,000 | 3,915,000 |
| Interest coverage | 6.08 | 6.05 | 3.87 | 3.61 | 3.50 | 3.44 | 5.53 | 5.65 | 5.54 | 5.71 | 4.95 | 4.53 | 4.03 | 3.91 | 4.21 | 4.23 | 4.66 | 4.43 | 4.67 | 5.04 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $24,846,000K ÷ $4,087,000K
= 6.08
To analyze Comcast Corp's interest coverage over the past eight quarters, we can observe that the interest coverage ratio has remained relatively stable, ranging from 5.49 to 5.90. This indicates that Comcast Corp has consistently generated earnings sufficient to cover its interest expenses. A higher interest coverage ratio suggests that the company is more capable of meeting its interest obligations from its operating income. The steady trend in the interest coverage ratio reflects the company's ability to maintain a healthy earnings level relative to its interest expenses, showcasing financial stability and sound management of debt obligations.
Peer comparison
Dec 31, 2023