Verizon Communications Balance Sheet Health
Financial Health criteria checks 3/6
Verizon Communications has a total shareholder equity of $97.7B and total debt of $152.5B, which brings its debt-to-equity ratio to 156.2%. Its total assets and total liabilities are $381.2B and $283.5B respectively. Verizon Communications's EBIT is $30.5B making its interest coverage ratio 4.9. It has cash and short-term investments of $5.0B.
Key information
156.2%
Debt to equity ratio
US$152.52b
Debt
| Interest coverage ratio | 4.9x |
| Cash | US$5.01b |
| Equity | US$97.67b |
| Total liabilities | US$283.50b |
| Total assets | US$381.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BAC's short term assets ($40.6B) do not cover its short term liabilities ($61.8B).
Long Term Liabilities: BAC's short term assets ($40.6B) do not cover its long term liabilities ($221.7B).
Debt to Equity History and Analysis
Debt Level: BAC's net debt to equity ratio (151%) is considered high.
Reducing Debt: BAC's debt to equity ratio has reduced from 181.9% to 156.2% over the past 5 years.
Debt Coverage: BAC's debt is well covered by operating cash flow (23.1%).
Interest Coverage: BAC's interest payments on its debt are well covered by EBIT (4.9x coverage).