Verizon Communications (XKAZ:VZ_KZ) Debt-to-Equity

: 1.86 (As of Mar. 2024)

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Verizon Communications's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $19,876 Mil. Verizon Communications's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $155,758 Mil. Verizon Communications's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $94,334 Mil. Verizon Communications's debt to equity for the quarter that ended in Mar. 2024 was 1.86.

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 Verizon Communications's Debt-to-Equity or its related term are showing as below:

XKAZ:VZ_KZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.89 Med: 2.2 Max: 9.21
Current: 1.89

During the past 13 years, the highest Debt-to-Equity Ratio of Verizon Communications was 9.21. The lowest was 1.89. And the median was 2.20.

XKAZ:VZ_KZ's Debt-to-Equity is ranked worse than
81.32% of 348 companies
in the Telecommunication Services industry
Industry Median: 0.655 vs XKAZ:VZ_KZ: 1.89

Verizon Communications Debt-to-Equity Historical Data

The historical data trend for Verizon Communications'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.

Verizon Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.17

2.22

2.18

1.94

1.89

Verizon Communications Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.92	1.87	1.76	1.89	1.86

Competitive Comparison

For the Telecom Services subindustry, Verizon Communications'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.

Verizon Communications Debt-to-Equity Distribution

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

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

Verizon Communications Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Verizon Communications'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
	=	(17239	+	157703)	/	92430
	=	1.89

Verizon Communications's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(19876	+	155758)	/	94334
	=	1.86

Verizon Communications (XKAZ:VZ_KZ) 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.

Verizon Communications Debt-to-Equity Related Terms

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Verizon Communications (XKAZ:VZ_KZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Verizon Communications Inc (XKAZ:VZ_KZ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

VZ:USA VZ:Peru VZ:Mexico 1VZ:Italy BACd:UK 0Q1S:UK BAC:Germany VZ:Chile VZ:Canada VERZ34:Brazil VZ:Austria VZ:Argentina

Address

1095 Avenue of the Americas, New York, NY, USA, 10036

Website

https://www.verizon.com

Verizon Communications is primarily a wireless business (it provides about 70% of service revenue and nearly all operating income). It serves about 92 million postpaid and 22 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest U.S. wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 25 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks.

Verizon Communications (XKAZ:VZ_KZ) Headlines

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