Verizon Communications Balance Sheet Health
Financial Health criteria checks 3/6
Verizon Communications has a total shareholder equity of $95.7B and total debt of $151.7B, which brings its debt-to-equity ratio to 158.5%. Its total assets and total liabilities are $380.2B and $284.4B respectively. Verizon Communications's EBIT is $30.2B making its interest coverage ratio 5.4. It has cash and short-term investments of $2.4B.
Key information
158.5%
Debt to equity ratio
US$151.70b
Debt
Interest coverage ratio | 5.4x |
Cash | US$2.37b |
Equity | US$95.73b |
Total liabilities | US$284.43b |
Total assets | US$380.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VZ's short term assets ($38.0B) do not cover its short term liabilities ($53.6B).
Long Term Liabilities: VZ's short term assets ($38.0B) do not cover its long term liabilities ($230.8B).
Debt to Equity History and Analysis
Debt Level: VZ's net debt to equity ratio (156%) is considered high.
Reducing Debt: VZ's debt to equity ratio has reduced from 197.2% to 158.5% over the past 5 years.
Debt Coverage: VZ's debt is well covered by operating cash flow (23.9%).
Interest Coverage: VZ's interest payments on its debt are well covered by EBIT (5.4x coverage).