Verizon Communications (XBUL:BAC) LT-Debt-to-Total-Asset : 0.37 (As of Dec. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Verizon Communications LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Verizon Communications's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.37.

Verizon Communications's long-term debt to total assets ratio declined from Dec. 2023 (0.42) to Dec. 2024 (0.37). It may suggest that Verizon Communications is progressively becoming less dependent on debt to grow their business.

Verizon Communications LT-Debt-to-Total-Asset Historical Data

The historical data trend for Verizon Communications's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

Verizon Communications Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.45

0.46

0.43

0.42

0.37

Verizon Communications Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.42	0.41	0.38	0.39	0.37

Verizon Communications LT-Debt-to-Total-Asset Calculation

Verizon Communications's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	255424.355	/	695387.83
	=	0.37

Verizon Communications's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	255424.355	/	695387.83
	=	0.37

Verizon Communications (XBUL:BAC) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Verizon Communications LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Verizon Communications's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Verizon Communications Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Verizon Communications Inc (XBUL:BAC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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

Address

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

Website

https://www.verizon.com

Wireless services account for about 70% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 93 million postpaid and 20 million prepaid phone customers via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 30 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 agreed to acquire Frontier Communications in September 2024.