Verizon Communications Inc (VZ)
Debt-to-equity 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 | 91,774,000 | 90,351,000 | 81,252,000 | 67,507,000 | 61,173,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $91,774,000K
= 0.00
Verizon Communications Inc's debt-to-equity ratio has shown a slight improvement in the most recent year, decreasing from 1.65 in 2022 to 1.63 in 2023. This indicates that the company has decreased its reliance on debt financing relative to shareholders' equity. However, it is important to note that the ratio has been fluctuating over the past five years, with a range of 1.63 to 1.90. Despite the recent decrease, the ratio remains relatively high, suggesting that Verizon has a significant amount of debt in relation to its equity. Investors and stakeholders may want to monitor Verizon's ability to manage its debt levels effectively for long-term financial sustainability.
Peer comparison
Dec 31, 2023