Verizon Communications Balance Sheet Health
Financial Health criteria checks 3/6
Verizon Communications has a total shareholder equity of $93.8B and total debt of $152.2B, which brings its debt-to-equity ratio to 162.3%. Its total assets and total liabilities are $380.3B and $286.5B respectively. Verizon Communications's EBIT is $30.3B making its interest coverage ratio 5.9. It has cash and short-term investments of $2.1B.
Key information
162.3%
Debt to equity ratio
US$152.24b
Debt
Interest coverage ratio | 5.9x |
Cash | US$2.07b |
Equity | US$93.80b |
Total liabilities | US$286.46b |
Total assets | US$380.26b |
Recent financial health updates
No updates
Recent updates
Dial Up Your Income To 6.6%: Verizon
Mar 25Verizon: It's Just The Beginning
Mar 16Verizon: Deleveraging Is The Key
Mar 08Verizon Communications (NYSE:VZ) Could Be Struggling To Allocate Capital
Mar 04Verizon Is Improving Operations And Profits, Macroeconomic Tailwind Also Expected
Feb 23Verizon: Q4 And 2023 Earnings, Subscriber Growth, Media Loss And Revenue Declines (Rating Downgrade)
Feb 09There May Be Some Bright Spots In Verizon Communications' (NYSE:VZ) Earnings
Feb 02Verizon: I Am On Hold After The Recent Earnings Release
Jan 29Investors Don't See Light At End Of Verizon Communications Inc.'s (NYSE:VZ) Tunnel
Jan 23Verizon's Impairment Is A Long-Term Blip
Jan 22Verizon Approaches A Critical Crossroads
Jan 11Verizon: Turning The Ship Around For A Favorable 2024
Jan 05Verizon: Top Dog Of The Dow Candidate For 2024
Dec 28Verizon Stock: A Massive Rerating Is Likely Coming
Dec 22Financial Position Analysis
Short Term Liabilities: VZ's short term assets ($36.8B) do not cover its short term liabilities ($53.2B).
Long Term Liabilities: VZ's short term assets ($36.8B) do not cover its long term liabilities ($233.2B).
Debt to Equity History and Analysis
Debt Level: VZ's net debt to equity ratio (160.1%) is considered high.
Reducing Debt: VZ's debt to equity ratio has reduced from 206.6% to 162.3% over the past 5 years.
Debt Coverage: VZ's debt is well covered by operating cash flow (24.6%).
Interest Coverage: VZ's interest payments on its debt are well covered by EBIT (5.9x coverage).