AT&T Inc (T)
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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
The solvency ratios of AT&T, Inc. provide insights into the company's ability to meet its long-term financial obligations.
- Debt-to-assets ratio remained relatively stable around 0.34 to 0.35 throughout the quarters, indicating that around 34% to 35% of the company's assets are financed by debt.
- Debt-to-capital ratio also showed consistency, hovering between 0.57 to 0.58. This signifies that approximately 57% to 58% of AT&T's capital structure is debt-financed.
- Debt-to-equity ratio exhibited some fluctuation, ranging from 1.33 to 1.41, reflecting the amount of debt relative to shareholders' equity. A higher ratio indicates a higher level of financial risk.
- Financial leverage ratio demonstrated variability, with values spanning from 3.41 to 4.13. This ratio indicates the extent to which the company is using debt to finance its operations, with higher values suggesting more reliance on debt.
Overall, AT&T's solvency ratios suggest a consistent level of debt utilization to support its operations, with fluctuations in some ratios indicating possible shifts in the company's leverage and capital structure over the observed quarters. Monitoring these ratios over time can provide valuable insights into the company's financial health and risk exposure.
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 | 3.78 | -0.15 | 0.17 | 0.12 | 0.22 | 5.02 | 4.94 | 4.40 | 4.78 | 1.57 | 1.04 | 0.97 | 0.48 | 2.80 | 2.90 | 3.19 | 3.07 | 3.36 | 3.55 | 3.81 |
The interest coverage ratio measures a company's ability to meet its interest payments on outstanding debt. For AT&T, Inc., the interest coverage ratios for the past eight quarters have shown a consistent and healthy trend, ranging from 3.90 to 4.16. This indicates that AT&T has been able to comfortably cover its interest expenses with its earnings. A higher interest coverage ratio suggests that the company is in a better position to handle its interest obligations and is at lower risk of default. The stable and relatively high values of the interest coverage ratio for AT&T over the periods analyzed suggest a solid financial position in terms of meeting its interest payment obligations.