AT&T Inc (T)

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 407,060,000 406,698,000 408,453,000 400,873,000 402,853,000 426,463,000 426,433,000 577,195,000 551,622,000 547,107,000 544,710,000 546,985,000 525,761,000 538,553,000 547,898,000 545,354,000 551,669,000 548,796,000 546,914,000 548,384,000
Total stockholders’ equity US$ in thousands 103,297,000 103,703,000 101,903,000 99,396,000 97,500,000 122,406,000 117,746,000 169,036,000 166,332,000 163,771,000 162,296,000 165,488,000 161,673,000 175,553,000 175,896,000 177,779,000 184,221,000 183,049,000 184,257,000 185,112,000
Financial leverage ratio 3.94 3.92 4.01 4.03 4.13 3.48 3.62 3.41 3.32 3.34 3.36 3.31 3.25 3.07 3.11 3.07 2.99 3.00 2.97 2.96

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $407,060,000K ÷ $103,297,000K
= 3.94

The financial leverage ratio for AT&T, Inc. has shown fluctuations over the past few quarters. The ratio indicates the company's level of debt relative to its equity. A higher financial leverage ratio suggests that the company relies more on debt financing, which can increase financial risk but also potentially enhance returns for shareholders.

In Q4 2023, AT&T's financial leverage ratio was 3.94, slightly higher compared to the previous quarter. This indicates that the company had a higher level of debt relative to equity compared to Q3 2023. The increase in the ratio could be attributed to various factors such as taking on additional debt for investments or acquisitions, or a decline in equity.

Looking back at the trend over the last few quarters, the financial leverage ratio has been fluctuating within a range. The ratio hit a recent peak in Q4 2022 at 4.13, indicating a relatively higher level of debt compared to equity at that time. Subsequently, the ratio decreased in Q1 2023 but has been on an upward trend since then.

Overall, the fluctuations in AT&T's financial leverage ratio suggest varying levels of debt used to finance its operations and investments. Investors and stakeholders may closely monitor this ratio to assess the company's financial risk and stability, as well as its capacity to meet its debt obligations.


Peer comparison

Dec 31, 2023


See also:

AT&T Inc Financial Leverage (Quarterly Data)