CCZ (Comcast) Debt-to-Equity : 1.18 (As of Sep. 2024)

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What is Comcast Debt-to-Equity?

Comcast's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2,610.00 Mil. Comcast's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $98,754.00 Mil. Comcast's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $85,774.00 Mil. Comcast's debt to equity for the quarter that ended in Sep. 2024 was 1.18.

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

CCZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.9 Med: 1.16 Max: 1.56
Current: 1.18

During the past 13 years, the highest Debt-to-Equity Ratio of Comcast was 1.56. The lowest was 0.90. And the median was 1.16.

CCZ's Debt-to-Equity is ranked worse than
68.07% of 332 companies
in the Telecommunication Services industry
Industry Median: 0.675 vs CCZ: 1.18

Comcast Debt-to-Equity Historical Data

The historical data trend for Comcast'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.

Comcast Debt-to-Equity Chart

Comcast Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.30

1.21

1.04

1.24

1.17

Comcast Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.24	1.17	1.17	1.18	1.18

Competitive Comparison of Comcast's Debt-to-Equity

For the Telecom Services subindustry, Comcast'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.

Comcast's Debt-to-Equity Distribution in the Telecommunication Services Industry

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

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

Comcast Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Comcast'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
	=	(2069	+	95021)	/	82703
	=	1.17

Comcast's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(2610	+	98754)	/	85774
	=	1.18

Comcast (NYSE:CCZ) 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.

Comcast Debt-to-Equity Related Terms

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Comcast Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

CMCSA:USA CMCS A:Mexico 1CMCSA:Italy CTP2d:UK CTP2:Germany CTP2:Germany CTP2:Germany CTP2:Germany CMCSA:Chile CMCS34:Brazil

Address

One Comcast Center, Philadelphia, PA, USA, 19103-2838

Website

https://www.comcastcorporation.com

Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to 63 million US homes and businesses, or nearly half of the country. About 50% of the locations in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC network, the Peacock streaming platform, several local NBC affiliates, Universal Studios, and several theme parks. Sky, acquired in 2018, is a large television provider in the UK and has invested heavily in proprietary content to build this position. Sky is also a large pay-television provider in Italy and has a presence in Germany and Austria.