Verizon Communications Inc (VZ)
Debt-to-equity 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-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 |
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 been fluctuating over the past eight quarters. The ratio decreased from 1.83 in Q1 2022 to 1.51 in Q3 2023, indicating a reduction in the company's reliance on debt compared to its equity during this period. However, the ratio increased to 1.65 in Q1 2023 and then slightly decreased to 1.63 by Q4 2023, which suggests that the company's debt levels have increased relative to its equity in the most recent quarter but remain relatively stable.
Overall, Verizon's debt-to-equity ratio has shown some variability but has generally remained above the industry average of 1.0, indicating that the company has a higher proportion of debt in its capital structure compared to equity. Investors and analysts may need to closely monitor Verizon's debt management strategies and financial health to assess the potential risks associated with its leverage ratios.
Peer comparison
Dec 31, 2023