Verizon Communications Inc (VZ)

Financial leverage ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total assets	US$ in thousands	384,711,000	381,164,000	379,146,000	380,158,000	380,255,000	384,830,000	379,955,000	377,716,000	379,680,000	375,090,000	370,147,000	365,716,000	366,596,000	353,457,000	349,190,000	345,573,000	316,481,000	296,994,000	293,259,000	294,500,000
Total stockholders’ equity	US$ in thousands	98,499,000	95,616,000	95,595,000	93,913,000	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
Financial leverage ratio		3.91	3.99	3.97	4.05	4.14	3.96	4.01	4.08	4.20	4.33	4.34	4.39	4.51	4.62	4.77	4.87	4.69	4.59	4.70	4.90

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $384,711,000K ÷ $98,499,000K
= 3.91

The financial leverage ratio of Verizon Communications Inc has been trending downwards from 4.90 as of March 31, 2020 to 3.91 as of December 31, 2024. This indicates that the company has been reducing its reliance on debt to finance its operations and investments over the years. A decreasing financial leverage ratio suggests that Verizon Communications Inc's financial risk has been decreasing, as it has been relying more on equity rather than debt to support its business activities. Overall, the trend in the financial leverage ratio reflects a prudent approach by Verizon Communications Inc towards managing its capital structure.