Comcast Corp (CMCSA)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.35 | 0.33 | 0.35 | 0.35 | 0.34 | 0.32 | 0.34 | 0.36 | 0.40 | 0.41 | 0.41 | 0.42 | 0.46 | 0.46 | 0.47 | 0.45 | 0.44 | 0.45 | 0.46 | 0.45 |
| Debt-to-capital ratio | 0.53 | 0.51 | 0.52 | 0.52 | 0.52 | 0.51 | 0.50 | 0.51 | 0.53 | 0.54 | 0.55 | 0.56 | 0.58 | 0.59 | 0.60 | 0.59 | 0.58 | 0.59 | 0.61 | 0.61 |
| 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 |
| 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 |
The solvency ratios of Comcast Corp provide insight into the company's ability to meet its long-term obligations.
The debt-to-assets ratio, which measures the proportion of assets financed by debt, has remained relatively stable around 0.37 to 0.39 over the past eight quarters, indicating that Comcast has maintained a comfortable level of debt in relation to its total assets.
The debt-to-capital ratio, representing the extent of capital funding from debt, has also remained steady between 0.50 to 0.55. This suggests that Comcast has maintained a balanced capital structure with a consistent reliance on debt for capital financing.
The debt-to-equity ratio, reflecting the degree of leverage and financial risk, has fluctuated slightly but has generally remained around 1.15 to 1.24. This indicates that Comcast has maintained a moderate level of debt in relation to equity, although there has been some variation in leveraging.
The financial leverage ratio, which signifies the proportion of assets financed by debt relative to equity, has fluctuated as well, but has generally been within the range of 2.89 to 3.20. This indicates that Comcast's reliance on debt for financing assets has been relatively stable over the quarters.
Overall, the solvency ratios demonstrate that Comcast has maintained a reasonably stable and balanced level of debt and leverage in relation to its capital and assets over the periods covered.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
The interest coverage ratio measures a company's ability to meet its interest payments on its debt. It is calculated by dividing the company's earnings before interest and taxes (EBIT) by its interest expense.
Comcast Corp's interest coverage has remained relatively stable over the past eight quarters, ranging from 5.49 to 5.90. This indicates that the company has consistently generated earnings that are substantially higher than its interest expenses, suggesting a strong ability to fulfill its interest obligations.
The consistency of the interest coverage ratio demonstrates Comcast's financial stability and ability to manage its debt burden effectively. Investors and creditors may view this as a positive indicator of the company's financial health and its capacity to service its debt obligations.