BCE (BCE) Debt-to-Equity

: 1.78 (As of Dec. 2023)

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BCE's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,611 Mil. BCE's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $23,207 Mil. BCE's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $15,078 Mil. BCE's debt to equity for the quarter that ended in Dec. 2023 was 1.78.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for BCE's Debt-to-Equity or its related term are showing as below:

BCE' s Debt-to-Equity Range Over the Past 10 Years
Min: 1 Med: 1.2 Max: 1.78
Current: 1.78

During the past 13 years, the highest Debt-to-Equity Ratio of BCE was 1.78. The lowest was 1.00. And the median was 1.20.

BCE's Debt-to-Equity is ranked worse than
79.31% of 348 companies
in the Telecommunication Services industry
Industry Median: 0.655 vs BCE: 1.78

BCE Debt-to-Equity Historical Data

The historical data trend for BCE's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

BCE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.16

1.24

1.28

1.40

1.78

BCE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																1.40	1.54	1.63	1.66	1.78

Competitive Comparison

For the Telecom Services subindustry, BCE's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BCE Debt-to-Equity Distribution

For the Telecommunication Services industry and Communication Services sector, BCE's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where BCE's Debt-to-Equity falls into.

BCE Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BCE's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3611.36	+	23207.364)	/	15078.265
	=	1.78

BCE's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3611.36	+	23207.364)	/	15078.265
	=	1.78

BCE (NYSE:BCE) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

BCE Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of BCE's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

BCE (BCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » BCE Inc (NYSE:BCE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

1 Carrefour Alexander Graham Bell, Tour A-7, Verdun, QC, CAN, H3E 3B3

Website

https://www.bce.ca

BCE provides wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrier—the legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provinces: Ontario and Quebec. Additionally, BCE has a media segment, which holds television, radio, and digital media assets. BCE licenses the Canadian rights to movie channels including HBO, Showtime, and Starz. In 2022, the wireline segment made up 52% of total EBITDA, while wireless was 31% and media provided the remainder.