Verizon Communications Balance Sheet Health
Financial Health criteria checks 3/6
Verizon Communications has a total shareholder equity of $97.5B and total debt of $152.4B, which brings its debt-to-equity ratio to 156.2%. Its total assets and total liabilities are $379.1B and $281.6B respectively. Verizon Communications's EBIT is $30.3B making its interest coverage ratio 5. It has cash and short-term investments of $2.5B.
Key information
156.2%
Debt to equity ratio
US$152.40b
Debt
| Interest coverage ratio | 5x |
| Cash | US$2.49b |
| Equity | US$97.54b |
| Total liabilities | US$281.61b |
| Total assets | US$379.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VZ's short term assets ($38.1B) do not cover its short term liabilities ($60.8B).
Long Term Liabilities: VZ's short term assets ($38.1B) do not cover its long term liabilities ($220.8B).
Debt to Equity History and Analysis
Debt Level: VZ's net debt to equity ratio (153.7%) is considered high.
Reducing Debt: VZ's debt to equity ratio has reduced from 195.3% to 156.2% over the past 5 years.
Debt Coverage: VZ's debt is well covered by operating cash flow (23.6%).
Interest Coverage: VZ's interest payments on its debt are well covered by EBIT (5x coverage).