AT&T Inc (T)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 103,297,000 | 97,500,000 | 166,332,000 | 161,673,000 | 184,221,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $103,297,000K)
= 0.00
AT&T, Inc.'s debt-to-capital ratio has displayed a fluctuating trend over the past five years. The ratio increased from 0.47 in 2019 to 0.52 in 2021, before declining to 0.49 in 2020, and then further to 0.58 in 2022. However, there was a slight improvement in the ratio in 2023, standing at 0.57. This indicates that the company's reliance on debt as a source of capital fluctuated over the period analyzed. The upward trends may suggest increased borrowing or higher debt levels relative to the company's capital structure, potentially indicating greater financial risk. Conversely, the slight improvements in 2020 and 2023 could signify a better balance between debt and equity financing. Further analysis of the company's overall financial health and capital structure would be required to fully assess the implications of these debt-to-capital ratio changes.
Peer comparison
Dec 31, 2023