Verizon Communications Inc (VZ)
Debt-to-capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 91,774,000 | 97,113,000 | 94,649,000 | 92,486,000 | 90,351,000 | 86,726,000 | 85,362,000 | 83,265,000 | 81,252,000 | 76,554,000 | 73,276,000 | 70,950,000 | 67,507,000 | 64,773,000 | 62,460,000 | 60,061,000 | 61,173,000 | 58,724,000 | 56,417,000 | 55,731,000 |
| 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 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $91,774,000K)
= 0.00
Verizon Communications Inc's debt-to-capital ratio has remained relatively stable over the past eight quarters, hovering around the range of 0.60 to 0.65. This ratio indicates that the company relies on debt to fund a significant portion of its capital structure, with debt representing approximately 60% to 65% of the total capital on average.
A debt-to-capital ratio of 0.62 in Q4 2023 suggests that Verizon's debt levels still account for a substantial portion of its capital, similar to the levels seen in the preceding quarters. While the ratio has shown minor fluctuations, it has not deviated significantly from the established range, indicating consistent leverage in the company's financial structure.
It is essential for stakeholders to monitor Verizon's debt levels closely, as changes in the debt-to-capital ratio could impact the company's financial health and risk profile. Further analysis of the composition and terms of the debt, as well as comparison to industry peers, would provide a more comprehensive assessment of Verizon Communications Inc's overall leverage position.
Peer comparison
Dec 31, 2023