Verizon Communications Balance Sheet Health
Financial Health criteria checks 3/6
Verizon Communications has a total shareholder equity of $96.5B and total debt of $157.3B, which brings its debt-to-equity ratio to 163%. Its total assets and total liabilities are $380.0B and $283.5B respectively. Verizon Communications's EBIT is $30.7B making its interest coverage ratio 7.2. It has cash and short-term investments of $4.9B.
Key information
163.0%
Debt to equity ratio
US$157.35b
Debt
Interest coverage ratio | 7.2x |
Cash | US$4.92b |
Equity | US$96.50b |
Total liabilities | US$283.45b |
Total assets | US$379.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VERIZ's short term assets ($37.4B) do not cover its short term liabilities ($51.4B).
Long Term Liabilities: VERIZ's short term assets ($37.4B) do not cover its long term liabilities ($232.0B).
Debt to Equity History and Analysis
Debt Level: VERIZ's net debt to equity ratio (158%) is considered high.
Reducing Debt: VERIZ's debt to equity ratio has reduced from 216% to 163% over the past 5 years.
Debt Coverage: VERIZ's debt is well covered by operating cash flow (23.8%).
Interest Coverage: VERIZ's interest payments on its debt are well covered by EBIT (7.2x coverage).